In this webinar session will look at the ‘first wave’ of FinTech, affecting payment systems, funding platforms and financing procedures, and will look at the current ‘second wave’ where banks and other financial institutions are facing an ever-increasing burden of risk and compliance regulation. We consider the extent to which the regulatory burden might not just be met, but might positively be ameliorated, by RegTech.
Tokenisation is ubiquitous. Shares, debentures and futures contracts have now been joined by Security Tokens. The public consultation on the DFSA’s Consultation Paper No. 138 on Regulation of Security Tokens closed at end-April 2021. The subject could not be more topical.
We will also take a detailed look at LawTech. LawTech first found its feet in e-Disclosure but its implications run far wider. Will legal analytics and outcome-prediction tools become commonplace? If they do, will that save, or add to, costs? Will LawTech narrow, or accentuate, the gap between the “haves” and the “have nots” of legal services users? How will LawTech augment and complement? Can LawTech help rich and savvy clients game the system (when faced with a poor and/or inexperienced opponent) Can LawTech help rich and savvy clients short-clrcuit the system (when faced with a similar opponent)? And how will threaten jobs in the legal services sector? Will LawTech encourage ‘managerial judging’? (And, if so, does that mark a step – or shift – away from the common law, and towards the civil law, approach? What procedural battles are brewing – e.g., can legal professional privilege be used to shield the details of ‘seed sets’ for e-Disclosure themselves being disclosed? How should Legal AI operating outside the legal system (e.g., automated dispute resolution systems) be regulated? What are the implications for legal education and continuing professional development?
We look forward to you joining us for a practical and straight-forward appraisal of where Crypto- and AI-Law (and policy) is, and where it’s going. We live in interesting times.
Speakers:
DEAN ARMSTRONG QC
Head of Chambers, Barrister | 36 Commercial
Dean is a leading authority in the UK on cyber law, with a growing reputation in all areas of the subject. He has advised international banks, large financial institutions, blue chip companies, and major institutions in the not-for-profit sector.
He is co-author of Cyber Security Law and Practice (Lexis Nexis: 2017), an authoritative and thorough textbook. He is also co-author of the first legal textbook written by counsel on distributed ledgers and cryptocurrencies: Blockchain and Cryptocurrency: International Legal and Regulatory Challenges (Bloomsbury Professional: 2019) which has been well received globally. Dean has recently co-authored two books on cyber litigation and cyber risks and insurance: Cyber Litigation: The Legal Principles (Bloomsbury Professional: 2020) and Cyber Risks and Insurance: The Legal Principles (Bloomsbury Professional: 2021).
He is an expert on blockchain, smart contracts, ICO, data breach, sensitive personal data, GDPR, international data protection legislation and facial recognition. Dean is consulted by clients on the impact of Brexit on data regulation and how international firms should manage data across the world – including the increasingly complex area of international data transfer rules.
MICHAEL PATCHETT-JOYCE FCIArb
Barrister | 36 Commercial
Michael Patchett-Joyce FCIArb is a barrister, arbitrator, mediator with over 30 years’ professional experience. His expertise is focused on commercial litigation, international commercial arbitration, and indirect tax (VAT). As well as practising at all levels of the courts and tribunal hierarchies in England and Wales, he acts as Counsel in cases before the Dubai International Financial Centre (DIFC) Courts, and the Abu Dhabi Global Market (ADGM) Courts.
He has also acted in four cases heard by the Court of Justice of the European Union (CJEU) in Luxembourg. He is experienced as an arbitrator or arbitration Counsel in institutional arbitrations, including cases under the ICC, DIFC-LCIA, DIAC and LMAA rules.
He is a frequent speaker at international conferences on all aspects of his practice - commercial litigation, arbitration and VAT.
RACHEAL MULDOON
Barrister | 36 Commercial
Racheal is a barrister at 36 Commercial with a broad practice across Cyber (inclusive of cryptocurrency, such as Bitcoin, theft/fraud and data protection class actions), Art and cultural property, Contract Corporate Crime (Fraud, including Civil Fraud, AML/Sanctions/Terrorist Financing compliance), financial regulation and Tax law.
This past year, Racheal has developed a specialisation in the recovery of stolen cryptocurrency, she frequently works on contentious and non-contentious matters with a common Cyber Law thread. Racheal recently advised an international auction house on its very first sale of a Non-Fungible token of a digital artwork that sold for several million pounds. Racheal has also long advised those in the art and cultural heritage sectors – from the British Museum, in her in-house role as Senior Legal Counsel, to private dealers of ivory artefacts.
For further information or to request for an assistance, please contact [email protected]
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