The UK Ministry of Justice has announced an intention to remove English third-party litigation funding from the current requirements of the Damages-Based Agreements Regulations 2013 (“DBA Regulations”) and provide for a different regulatory framework. As we have discussed previously here and here, various forms of uncertainty remain for third parties who wish to fund
UK’s Competition Law Based Collective Action in the Crypto Space
The UK has seen the launch of a competition-law based collective action – the equivalent of a class action in other countries – on behalf of an estimated 240,000 investors in the digital assets space. The claim is brought against four cryptocurrency exchanges: Binance, Bittylicious, Kraken and ShapeShift. It alleges that those exchanges colluded in