The enforcement of court orders that are designed to preserve, trace or track crypto-assets within North America is often limited in practice. As seen in the recent Ontario decision of Cicada 137 LLC v. Medjedovic (“Cicada”),[1] mechanisms by which legal enforcement principles can be effectively applied against stolen or misappropriated crypto-assets are constrained.
Canada, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Aird & Berlis LLP | Aird & McBurney LP, Due diligence, Cryptocurrency, Ontario Superior Court of Justice