As a result of the Tulip Trading matter, the UK Court of Appeal has in essence found that the developers of a given network may be a sufficiently well-defined group to be capable of being subject to fiduciary duties; in that “property” has been entrusted into the care of the developers — the developers therefore may have fiduciaries.

The Court of Appeal has ruled that those claims give rise to a “serious issue to be tried” and should therefore proceed to a full trial in London. Join us in this critical discussion as we look at:

• The impacts of this decision on appeal
• The importance of establishing jurisdiction
• What can happen with the legal structure for the DeFi sector