September 2023 / 3 posts found
Flagship law will make UK safest place in the world to be online, says minister
The UK will be the safest place in the world to be online – especially for children – under a landmark new law, a minister has said. Lord Parkinson of Whitley Bay was speaking as the long-awaited flagship Online Safety Bill cleared Parliament and headed for royal assent. The legislation, which has been years in the drafting, imposes new legal duties on big tech companies and service providers, overseen by the regulator Ofcom, headed by veteran TV executive Lord Grade of Yarmouth. The reforms come in response to continuing concern about youngsters accessing pornographic content online, child sexual abuse in […]
Improvements recommended to Arbitration Act 1996 to ensure UK position as international arbitration leader
Law Commission publishes final recommendations to update the Arbitration Act 1996 and puts forward draft legislation. Commission advocates for maintaining the Act’s core principles while introducing improvements to help strengthen the UK’s position as a foremost destination for arbitration. Improvements include measures to strengthen arbitrator immunity, improve the efficiency of cases, and clarify powers of the court. The Commission’s recommendations seek to ensure the law remains fit for purpose and promote the UK as a leading destination for international arbitration. After thorough consultation with a broad range of industry specialists, the Commission has concluded that the central tenets of the […]
How courts are responding to the unique challenges of cryptocurrency litigation
The cryptocurrency landscape Since the creation of Bitcoin in 2009, there has been a surge of investment in the cryptocurrency market, which has a current market capitalisation of $1.26 trillion. Given the scale and ubiquity of investment, cryptocurrency-related disputes have become a burgeoning area of interest for stakeholders, spurred by the ongoing ‘crypto winter’, which has heralded an influx of lawsuits and regulatory complaints in various cases around the world. In anticipation of cryptocurrency litigation evolving to become a norm, this article looks at notable cases from Singapore and the UK and analyses some of the potential difficulties faced by […]