Cryptocurrencies
July 2018 | Victoria Chamberlain
Cryptocurrencies have been around now for a few years and perhaps we are most familiar with the name Bitcoin. Consequently we may find ourselves dealing with this asset.
We would hope that our partners would disclose their existence under the obligation to make full and frank disclosure, but what if they don’t? Specialist forensic investigators would need to be instructed. Once disclosed, experts should be instructed to value the asset.
Given the nature of cryptocurrencies careful consideration should be given as to how their value would impact on a settlement. They may not be a feature in many cases but we should all be live to the issue.
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