This post critically analyses the case of Ruscoe v Cryptopia Ltd (In Liquidation), focusing on the legal issues, material facts, judgment, legal principles and the legal reasoning.
🏛️ Court: High Court of New Zealand
🗓️ Judgment Date: 8 April 2020
🗂️ Where Reported: [2020] NZHC 728
đź“Ť Jurisdiction: New Zealand
Legal Issues
In Ruscoe v Cryptopia Ltd, the court grappled with groundbreaking legal issues, primarily classifying cryptocurrencies as "property" under the Companies Act 1993.
This was the main question about the liquidators' ability to manage and distribute Cryptopia's assets legally.
Additionally, the case examined whether Cryptopia's digital assets were held in a fiduciary capacity, implying that trust law principles could be applied.
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