ELI Austrian Hub Held a Conference on Digital Assets in Enforcement and Insolvency

05.05.2023

The ELI Austrian Hub organised a conference on ‘Digital Assets in Enforcement and Insolvency’ at the University of Vienna from 4–5 May 2023. It was chaired by Prof Christian Koller (University of Vienna) and Prof Matthias Lehmann (University of Vienna/Radboud Universiteit Nijmegen).

The conference delved into the growing significance of digital assets, such as cryptocurrencies and non-fungible tokens (NFTs), as investment and speculative instruments. As their value continues to rise, creditors are increasingly interested in utilising these assets in enforcement or insolvency proceedings. However, existing national regulations primarily address tangible assets or claims and are not adequately adapted to the unique nature of these intangible assets, which often lack a traditional debtor.

The primary objective of the conference was to identify the key challenges posed by this emerging paradigm and propose potential private sector solutions or the need for legal reforms. It was held in a hybrid format.

More details are available here.