Publication
Financial services monthly wrap-up: October 2024
In October 2024, the Australian Securities and Investments Commission (ASIC) was successful in its action against a life insurer in relation to misleading statements.
The English courts have been applauded for the “flexible approach” they generally have taken to enable victims of digital asset frauds and thefts to obtain effective relief.
Owners of digital assets too often have fallen victim to thefts and scams, and then are left struggling to find ways to recover what was taken from them. In recent months, the English courts have seen a flurry of rulings in such litigations, particularly when it comes to issuing injunctive relief, as injured plaintiffs explore various tactics for making themselves whole. These rulings are helping to write a playbook about which litigation approaches and tactics may be successful for such digital asset holders and which may not.
Robert A. Schwinger explores recent developments in this edition of his New York Law Journal Blockchain law column.
Download the full New York Law Journal article, "The British are coming — to the aid of crypto scam victims."
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