Tag Archives: Sunil Gadhia

English Court of Appeal: Cryptoasset Network Software Developers May Owe Fiduciary Duties to Token Holders

by Sunil Gadhia, Ferdisha Snagg, and Andreas Wildner

Left to right: Sunil Gadhia, Ferdisha Snagg, and Andreas Wildner (Photos courtesy of Cleary Gottlieb Steen & Hamilton LLP)

On 3 February 2023, the Court of Appeal of England and Wales, Civil Division (the “Court”) handed down judgment in the litigation between Tulip Trading Limited (“TTL”) and a number of core developers of software in respect of four bitcoin networks.[1]

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