Virtual

Crypto Exchanges and Custodial Services: Contract, Trust, Fraud and Insolvency

11 Mar 2024

Location: 12:00pm - 1:00pm UK Time Virtual Event (Zoom)
Members: Free to attend - Book by 11 Mar
Non Members: Register above as a member and attend for free - Book by 11 Mar

Crypto Exchanges and Custodial Services: Contract, Trust, Fraud and Insolvency

Highlights

Cryptoasset transactions are conducted through web-based exchange businesses, many of whom offer custodial services. Billions of dollars in value are held through the use of such custodians. In some cases the investor owns the benefit of a contract with the custodian, in others, they have a beneficial ownership in the underlying crypto.

The recent collapse of FTX (with the loss of over $8 billion of investor funds) has brought the legal status of these custodians into the limelight.  

This event will examine the use of custodians, which can provide challenges to investors and to the advisers that they turn to for estate planning advice.

Determining what assets are the subject of the estate plan and how succession can be guaranteed involves understanding the contractual relationships and the legal consequences of fraud perpetrated on the custodian.

During this presentation, the panel will:

                1)            Identify the ways in which crypto-value can be held and their legal consequences;

                2)            Examine the planning of an estate that includes crypto-value;

                3)            Analyse the consequences of fraud perpetrated on custodians and any resulting insolvency

 

This webinar is part of our Crypto & Digital Assets in Disputes Series

Leigh Sagar
Barrister
New Square Chambers

Leigh Sagar is a barrister of England and Wales whose practice includes:

  • trusts and estates and commercial advice and litigation
  • the administration of digital information, created and used by deceased persons and persons who lack capacity in relation to their property and affairs and related litigation
  • the administration and taxation of bitcoin and other cryptoassets and tokens, including DeFi protocols and NFT assets, and related litigation

He is a member of the Society of Trust and Estate Practitioners (STEP) and the Association of Contentious Trust and Probate Specialists (ACTAPS).

Leigh is one of the editors of Williams Mortimer & Sunnucks, writing on the administration of digital information. He has written a book, called The Digital Estate and describing the administration of digital assets, including cryptoassets, with Jack Borroughs. It was published in November 2022.


Leigh Sagar
Leigh Sagar Barrister
New Square Chambers
Larry Fenelon
Partner
Ogier

Larry is partner and head of the Dispute Resolution team at Ogier in Ireland.

He specialises in national and international litigation, arbitration and ADR in a variety of disputes such as commercial, funds, property, insurance, construction and sport. He is a zealous advocate for clients. As a qualified mediator and arbitrator he has years of experience sitting on both sides of the bench. In 2021, Larry was appointed Senior Counsel by the Government of Ireland in light of his expertise and experience.


Larry Fenelon
Larry Fenelon Partner
Ogier
Jennifer Craven
Legal Director
Pinsent Masons

Jennifer Craven
Jennifer Craven Legal Director
Pinsent Masons
Aidan Briggs
Barrister
New Square Chambers

Described by Chambers & Partners as ‘an exceptional barrister’, Aidan Briggs has established himself as a specialist advocate and advisor for trusts, estates and property disputes. His regular trial experience in the High Court gives him the edge in the courtroom and makes him a favourite for factually complex cases where effective cross-examination may be the difference between winning and losing. 

Aidan’s practice covers the full range of private client matters: contested probate and 1975 Act claims, partnership disputes and contentious trusts work (both on- and offshore) as well as proprietary estoppel, commercial landlord and tenant disputes and trusts of land. His cases often involve multiple jurisdictions and issues of domicile.

Aidan is fully versed in the tax implications of private client disputes and regularly advises in relation to Inheritance Tax, Capital Gains Tax and Stamp Duty Land Tax matters, particularly as they affect farmland and farming families.


Aidan Briggs
Aidan Briggs Barrister
New Square Chambers

Agenda

11:55am
Audience log on
12:00pm
Chairs opening remarks
12:05pm
Crypto Exchanges and Custodial Services: Contract, Trust, Fraud and Insolvency
Speakers:
Leigh Sagar - Barrister - New Square Chambers
Larry Fenelon - Partner - Ogier
Jennifer Craven - Legal Director - Pinsent Masons
Aidan Briggs - Barrister - New Square Chambers
12:45pm
Panel Q&A
1:00pm
Chairs closing remarks

Event Partners

Contact Us

If you are interested in this event and would like some more information before making your decision to attend please contact Amelia on or email amelia@thoughtleaders4.com