New guidance has been published this week by the Tech London Advocates (TLA) Blockchain Legal & Regulatory Group and The Law Society.

TLA, founded in 2013, is a network of over 10,000 tech leaders, entrepreneurs, lawyers, and experts in London, across the UK, and in over 50 countries worldwide.

The first of its kind, this report draws on the expertise of leading lawyers, academics, and technologists to set out suggested best practice for legal practitioners working on matters involving blockchain, smart legal contracts, and crypto assets, as well as much needed guidance on the key issues that may arise when working on such matters.

The report aims to:

  • assist legal practitioners when they are required to advise their clients on matters related to DLT
  • identify and set out areas in which further guidance is required from regulatory authorities or other bodies

It includes a list of key recommendations on the many aspects relating to DLT, including:

  • commercial application
  • data governance
  • intellectual property
  • data protection measures
  • dispute resolution

The full report can be downloaded here