AA v Persons Unknown & Ors, Re Bitcoin  EWHC 3556 (Comm)
A proprietary injunction has been granted in a ransomware case in respect of c.US$1 million worth of Bitcoin. In this case (only recently made public) an English insurer sought the return of a payment made to hackers to recover a client’s IT systems.
Mr Justice Bryan held (for the purposes of an interim injunction) that Bitcoin could constitute property. In doing so, the Judge cited “Cryptoassets and Smart Contracts”, a legal statement by the UK Jurisdiction Taskforce, which he described as “compelling” and “accurate”. The legal statement was authored by Lawrence Akka QC and Sam Goodman from Twenty Essex, alongside David Quest QC and Matthew Lavy.
The Global Data Review published an article on the case which contains comments from Lawrence Akka QC.