Blockchain and Procedural Law: Law and Justice in the Age of Disintermediation
Automating Legal Instruments

Friday, 6 December 2019

As blockchain brings technological solutions to issues traditionally resolved by legal principles and practices, two particular innovations based on this technology prevent the need for third-party dispute resolution, court processes, and regular corporate charters: smart contracts and decentralized autonomous organizations (DAOs). The diffusion of self-enforcing contracts undoubtedly offers clear advantages, such as strengthening party autonomy and minimizing non-compliance risks, but also presents some potential drawbacks, which have not been analyzed comprehensively so far. The automatic enforcement of contracts through software script may, for instance, be detrimental to weaker parties who could suffer the adverse effects of frictionless execution without being able to rely on the guarantees that state-mediated mechanisms of enforcement traditionally provide. Such enhancements on the automation of contracts and laws has also built a new industry of providers of compliance tools, named regulatory technologies, which requires close observation by supervisory authorities.

The second seminar of the event aims at (i) analyzing the impact of blockchain technologies and smart contracts on state authority by combining theoretical insights with practical use-cases (ii) and debating blockchain’s potential for new corporate structures and compliance through its trustless and irreversible architecture, and the role of states in such experiments.

A detailed programme will follow in due course.

Venue:
Max Planck Institute Luxembourg
Conference room, 4th floor
4, rue Alphonse Weicker
L-2721 Luxembourg

This conference is free of charge.

If you would like to participate, please send an email to events@mpi.lu

 

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