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ADR Speaker Series
February 14, 2023 @ 5:15 pm - 6:15 pm
The Enforcement of Metaverse-related Disputes That Are Resolved in International Arbitration
Elizabeth Chan, Senior Registered Foreign Lawyer, Allen & Overy, Hong Kong, S.A.R.
New technology brings opportunities and challenges for the resolution of disputes. The rapid development of virtual reality technology offers users new immersive experiences, with potential applications beginning with the billion-member gaming industry but going far beyond it. Also utilising blockchain technologies, such as cryptocurrencies and non-fungible tokens (NFTs), these metaverses bring potential new markets, new types of property and new transactions. There have already been numerous examples of disputes involving digital assets, which are key building blocks or elements of the metaverse. International arbitration may be a dispute resolution tool of choice for metaverse-related disputes of the future, among other things due to the global enforceability of an arbitral award under the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
This presentation will describe some of the disputes likely to arise between users and platforms, among metaverse users, and between users and non-users, and highlight some of the challenges and solutions for enforcing metaverse-related decisions under the New York Convention.
Elizabeth Chan is a Registered Foreign Lawyer in Allen & Overy’s Asia-Pacific Arbitration Group based in Hong Kong. She has acted as counsel or advisor in international commercial arbitrations/arbitration-related matters and several investment treaty arbitrations (acting for both investors and States). She has experience acting in arbitrations under major international arbitral rules, including the HKIAC, ICC, LCIA, ICDR, ICSID and UNCITRAL Rules, seated in different arbitral seats such as The Hague, Singapore, London, Geneva, Austria, Hawaii and Washington, DC. Lizzie is ranked as a “Future Leader” in Who’s Who Legal – Arbitration 2022-2023 and in Legal 500’s Private Practice Powerlist – Arbitration (United Kingdom) 2022. She hosted the first-ever arbitration gathering in the metaverse in January 2022, followed by a conference in the metaverse as part of Paris Arbitration Week in March 2022, and writes and speaks regularly on the intersection of law and technology.
MCLE credit available for an additional fee.
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