British court approves service of claim documents in NFT form

The High Court of England and Wales has approved service of documents related to bringing to the defendant’s attention the essence of the claim via NFT. This was reported by law firm Giambrone & Partners.

Our firm was the first law firm in the UK and in Europe to obtain permission by a High Court Judge to serve document proceedings related to a worldwide freezing injunction against unknown persons by NFT using the blockchain technology.
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— Giambrone Law (@Giambroneintern) July 12, 2022

Giambrone & Partners represents the interests of the founder of the gambling company Microgame, Fabrizio D’Aloya. He has filed a claim against five cryptocurrency exchanges (Binance, Poloniex, Gate.io, OKX and Butkub), as well as a group of unknown individuals who misappropriated his digital assets.

“The statement concerns the misappropriation of Mr. D’Aloya’s cryptocurrency by unknown individuals operating a fraudulent clone of an online broker, encouraging investors to deposit assets into two wallets so that they could be used to perform ‘trades'”, the company said.

The court ruled that service of the claim could be effected by transferring to the cryptocurrency wallets, over which Mr. D’Aloya has lost control, the corresponding NFTs. According to the lawyers, this enables the proceedings to be initiated even when the identity of the alleged defendant is not known.

“This decision opens up to other fraud victims the possibility of pursuing unknown individuals who misappropriated their cryptocurrency in situations where they otherwise could not do so. For example, when the contact details of the fraudulent platform are no longer up to date, the firm said.”

The firm also secured an order holding bitcoin exchanges responsible for blocking clients’ unlawfully appropriated assets within their systems.

Back in June 2022, the UK government announced plans to make the country a global crypto hub.

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