Enforcing civil remedies for crypto fraud is at least 50 percent of the problem, says Lou Brzezinski
By Julius Melnitzer | January 4, 2023
As the investment hub of one of the most crypto-obsessed countries in the world, Ontario will need appropriate legal remedies to deal with the currency’s problems, evidenced most recently by the spectacular demise of cryptocurrency exchange and hedge fund FTX Trading Ltd.
Fortunately, potent remedies are available. The bugbear is enforcing them.
“Powerful civil relief is available through extraordinary remedies such as Anton Piller orders and Mareva injunctions,” says Lou Brzezinski, a commercial litigation partner at Blaney McMurtry LLP in Toronto. “But because crypto entities can set up anywhere, enforcing the remedy is at least 50 percent of the problem.” MORE
Julius Melnitzer is a Toronto-based legal affairs writer, ghostwriter, writing coach and media trainer. Readers can reach him at [email protected] or https://legalwriter.net/contact.
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