The Hong Kong Court of First Instance has ordered the disclosure of financial records in a dispute over the ownership, management, and control of a cryptocurrency project.

Key takeaways: • The case highlights the importance of applying traditional corporate law principles and best practices when creating governance documents and contracts for Web3 projects. • The legal implications of token ownership for governance, control, and economic rights should be carefully considered. • Courts are adapting traditional legal principles to address the unique challenges presented by cryptocurrency projects and DAOs.

For more insights and analysis of this case, read our full article. If you have any questions or would like to discuss the legal implications of this decision for your cryptocurrency project, please reach out to our Corporate Commercial and TMT team: • Charles To • Delphine Tse • Tiffany Li