Marc Corlett KC and Sebastian Leung Gave CPD Seminar on Crypto-Litigation

On 13 December 2023, Marc Corlett KC and Sebastian Leung delivered a CPD seminar on “Crypto-litigation: Navigating the Current Landscape in Hong Kong and New Zealand” to provide solicitors with both legal updates and practical insights based on experience.

Sebastian first covered the regulatory framework in Hong Kong, focusing on the new amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) and the new licensing regime for Virtual Asset Trading Platforms. He then addressed the landmark decision of Re Gatecoin Ltd (in liquidation) [2023] HKCFI 914 (“Gatecoin”) and other recent cases in Hong Kong dealing with cryptocurrency.

Marc delved into his experience with the New Zealand case of Ruscoe v Cryptopia Ltd (in liq) [2020] NZHC 728, which was referenced by Linda Chan J in the Gatecoin judgment. He moved on to discuss various events and cases of significance, including the collapse of FTX and Risley v Universal Navigation Inc. 22 Civ 2780, before sharing his views on the future of crypto-litigation and how the legal space would adapt based on his own experience. The seminar finished with a lively discussion and sharing of experiences between members of the audience.