A First About NFTs in a UK Court Case!

The High Court of England and Wales has granted Fabrizio DAloia, founder of online gambling firm Microgame, the right to serve court documents on an unknown fraud operators, according to the law firm's statements to Giambrone Partners. The documents were also sent to some crypto exchanges, including market leader Binance.

The law firm explained that DAloias crypto assets were misused by online brokerage operators with a fake site encouraging prospective investors to deposit cryptocurrency into two wallets. The case generally started with the alleged theft of two digital wallets. It is also related to the alleged creation of online brokerage websites that are clones. In England and Wales, parties in civil disputes often use the postal service to serve legal documents. They are also expected to serve them by hand using hand-delivered letters. However, the law firm has indicated that this may be possible where a party wishes to serve by other means. It explained that if there is a good reason for this, it can apply to the court for an alternative service order. Giambrone Partners noted that while English courts have previously used social media platforms Instagram and Facebook to serve documents, they have never used these methods. Distributed Ledger Technology has never been used before. The High Court ruling is the first time a judge in England and Wales has made this decision. It was reported to allow the use of Blockchain technology to send an NFT containing legal court documents informing the recipient that they are facing a legal issue. Lawyers made a statement on this matter. This order is a notable significant development in the field of service of court documents. It is also a welcome example of a court embracing new technology. According to the firm, this is the first reported case in Europe in which NFTs have been used in this way. It is also the second such case after the June 2 ruling of the Supreme Court in New York. The firm said the ruling paves the way for using Blockchain technology to serve court proceedings in international crypto disputes. According to the statement, exchanges may have to pay investors if they are held responsible for violations.   Source: nfxhaber.com