‘Digital assets: the common law gets a third category of thing’

The Property (Digital Assets etc) Bill is very short. Its single substantive clause reads: ‘Objects of personal property rights: A thing (including a thing that is digital or electronic in nature) is not prevented from being the object of personal property rights merely because it is neither (a) a thing in possession, nor (b) a thing in action’. The measure follows on from the Law Commission’s Final Report on Digital Assets: a report that sets out a suggested framework for common law development in relation to recognising digital assets as property … (more)

[Sarah Green, Law Society Gazette, 16 September 2024]

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