Showing 1 Result(s)

English and Welsh law can apply to smart contracts, says Law Commission

advertisement The Law Commission stated today that the existing law of England and Wales can be applied to smart contracts.  According to the commission, wholesale changes to the existing legal framework are not required to enforce smart contracts — except in some situations where only a minor modification of common law might be necessary. Today’s announcement concludes the Law Commission’s work on smart legal contracts as part of its Thirteenth Program of Law Reform. The statement also affirms the conclusions …