The High Court’s judgment in Amir Soleymani v Nifty Gateway LLC is a bold step in the law of cryptoassets and NFTs. This case is the first to concern NFTs, but is arguably a concerning one for NFT purchasers, as the courts have sided with a large platform over a small consumer in this case. It was held that a ‘decentralised and borderless’ NFT auction could not be subject to English consumer protection legislation. Cases like these emphasise the value of partnering with a boutique which offers legal protection such as Ad Astra for your offering.
What were the facts of the case?
What claim was brought before the English courts?
What was the judgment?