The UK Innovation Strategy: Learnings and reflections from 2021/2022 By Kelsey Farish In July 2021, the UK Government’s Department for Business, Energy & Industrial Strategy published a policy paper entitled The UK Innovation Strategy: leading the future by creating it (the “Strategy”). The purpose of the Strategy is to set out…
“Single-minded loyalty”: High Court examines Bitcoin developers’ duties to restore lost private keys By Tim Ryan Background In Tulip Trading Ltd v Bitcoin Association for Bitcoin SV (BSV) and others [2022] EWHC 667 (Ch) the High Court revisited the scope of common law and other duties in the context of digital asset networks. The case concerned a claim…
Crypto Regulation: Cryptoassets to be included in the UK's Financial Promotion Regime By Jonathan Brogden Following HM Treasury’s Consultation Paper published in July 2020, it published a Consultation Response (the “ Response ”) on 18 January 2022. The Response confirms the UK Government's plans to expand the current UK financial promotion regime to…
“Would you like Bitcoin toppings on your pizza?” UK Advertising watchdog issues rulings against crypto companies… and Papa John’s By Tim Ryan On 15 December 2021 the Advertising Standards Authority (ASA), the UK’s advertising regulator, published seven rulings concerning breaches of the UK marketing rules (in particular, the CAP Code) by companies involved in the promotion of…
SQUIDs in! Scammers pull the rug on Netflix inspired token By Jonathan Brogden The anonymous creators behind the Squid Game inspired cryptocurrency have made off with an estimated £2.48m after performing a “rug pull” scam on investors. The project’s founders drew investors by relying on the rampant popularity of its namesake,…
The ASA issues a “red alert” warning regarding NFTs and other crypto-asset advertising By Tim Ryan The Advertising Standards Authority (ASA), the UK’s advertising regulator, last week published a statement on its website, announcing its plans for increased regulatory activity in the marketing of cryptocurrencies and Non-Fungible Tokens (NFTs). In…
Deepfakes and their impact on women By Kelsey Farish Kelsey Farish describes herself as an actor who got lost on her way to drama school and ended up at law school instead. Yet it was the marriage of these interests that sparked her focus on publicity law and how images can be appropriated for…
Facebook Oversight Board’s decision regarding President Trump’s account suspension (Case decision 2021-001-FB-FBR) By Kelsey Farish The Facebook Oversight Board (the board) announced in May 2021 that it upheld Facebook’s decision to temporarily suspend Trump’s account following content he posted during the US Capitol riots on 6 January 2021, on the grounds that doing so was…
The EU Proposal for Regulation of Artificial Intelligence: meaningful steps toward grasping the medico-legal nettle? By Hamza Drabu On 21 April, the European Commission published its bold proposal 1 for a regulation laying down harmonised rules governing artificial intelligence. As stated in the firm’s wider article on the significance of this move, in doing so the Commission…
The draft EU AI Regulation – what you need to know By Michael Peeters There is a new legislative regime on the horizon; one which has been coming for a while now - as authorities worldwide have considered whether and how to manage the risks of the use of artificial intelligence (AI) in business and elsewhere.