Gibraltar: Crypto disputes on the Rock
In the first jurisdiction to regulate crypto, litigation seems inevitable
For the 33,000 people who call it home, Gibraltar is a prosperous place. In terms of GDP per capita, its £2.4bn service- led economy is ranked fourth in the world by the IMF. But, as elsewhere, global economic difficulties are causing local lawyers to speculate about an imminent surge in insolvency and restructuring work. Currently, most high-profile disputes in the jurisdiction involve private individuals, blue- chip companies and financial institutions that are engaged in cross-border commercial litigation, alternative dispute resolution, complex liquidations and negligence claims.
From a disputes perspective, the largest flows into Gibraltar come from the City of London matched by an increasing two-way traffic: a litigation and arbitration push from Gibraltar into the UK as local firms work with their colleagues in London on English law mandates.