International Arbitration

International Arbitration Information by Aceris Law LLC

  • International Arbitration Resources
  • Search Engine
  • Model Request for Arbitration
  • Model Answer to Request for Arbitration
  • Find International Arbitrators
  • Blog
  • Arbitration Laws
  • Arbitration Lawyers
You are here: Home / Blockchain Arbitration / Aceris Law Successfully Resolves ICC Arbitration Involving the Cryptocurrency Industry

Aceris Law Successfully Resolves ICC Arbitration Involving the Cryptocurrency Industry

09/04/2020 by International Arbitration

The international arbitration boutique Aceris Law is pleased to announce that it has successfully resolved another dispute for another client, this time an arbitration concerning the cryptocurrency industry. Cryptocurrency arbitrations remain rare, but are likely to grow over the coming years as blockchain-related technologies become more mainstream.

Cryptocurrencies are digital assets that serve as a medium of exchange using cryptography to secure financial transactions, the best known of which include Bitcoin, Ethereum, Ripple, Litecoin and Tether. Arbitration is a useful vehicle to resolve cryptocurrency disputes, which tend to be highly technical in nature and require adjudicators with knowledge of the industry and its technical underpinnings.

Cryptocurrency arbitration

The arbitration, which was subject to ICC arbitration under the law of an American State, involved claims and counterclaims of misrepresentation, fraud, breach of contract, defamation and unjust enrichment. The matter was resolved on advantageous terms for Aceris Law’s client.

“This is not the only arbitration where Aceris Law serves as counsel that is related to blockchain technology or cryptocurrencies,” noted William Kirtley of Aceris Law. “A number of entities throughout the globe are attempting to use blockchain technology for a wide variety of applications. I would therefore expect more arbitrations involving cryptocurrencies and blockchain technology over the coming years. While the ICC arbitration is confidential, like many arbitrations, we are always glad to assist our clients in resolving long-running disputes in a swift and cost-effective manner. The goal of Aceris Law is and remains to provide the highest quality arbitration legal representation in the world, working for clients in all jurisdictions, while charging approximately 1/3 the legal fees of our similarly-skilled competitors. Many clients fear arbitration due to its reputation of being expensive. While arbitration is typically less expensive than domestic litigations in the United States, for instance, it should be less expensive than all other forms of international dispute resolution for the simple reason that there are no appeals. Our excellent team was able to resolve this dispute quickly and efficiently, and we look forward to assisting clients involved in arbitrations concerning cryptocurrencies and blockchain technologies in the future. We are also helping more clients to organize virtual hearings, both as counsel and as arbitrator, in a variety of countries. Virtual arbitration hearings regarding blockchain technologies are indeed to be expected over the coming years. As domestic courts are often ill-equipped to deal with technical disputes involving blockchain technology, more parties who find themselves involved in a dispute involving cryptocurrencies or blockchain technology should make use of arbitration, in my opinion. Many parties do not realize that, even in the absence of an arbitration clause, a dispute may be resolved by arbitration if both parties agree to sign a submission agreement.”

Filed Under: Aceris Law, Blockchain Arbitration, ICDR Arbitration, United States Arbitration

Search Arbitration Information

Global Supply Chains, Tariffs and the Role of International Arbitration

Criminal Liability of Arbitrators

Data Protection in International Arbitration

Arbitrations Involving International Organisations

Before Commencing Arbitration: Six Critical Questions to Ask

How to Commence an ICDR Arbitration: From Filing to Tribunal Appointment

Behind the Curtain: A Step-by-Step Guide to ICC Arbitration

Cross-Cultural Differences and Impact on Arbitration Procedure

When Arbitrators Use AI: LaPaglia v. Valve and the Boundaries of Adjudication

Arbitration in Bosnia and Herzegovina

The Importance of Choosing the Right Arbitrator

Arbitration of Share Purchase Agreement Disputes Under English Law

Translate


Recommended Links

  • International Centre for Dispute Resolution (ICDR)
  • International Centre for the Settlement of Investment Disputes (ICSID)
  • International Chamber of Commerce (ICC)
  • London Court of International Arbitration (LCIA)
  • SCC Arbitration Institute (SCC)
  • Singapore International Arbitration Centre (SIAC)
  • United Nations Commission on International Trade Law (UNCITRAL)
  • Vienna International Arbitration Centre (VIAC)

About Us

The international arbitration information on this website is sponsored by the international arbitration law firm Aceris Law LLC.

© 2012-2025 · IA