Legal Aspects of Smart Contracts, IT Arrangements and Decentralized Autonomous Organisations (DAOs)
Venue: Malta Stock Exchange
The course will delve into understanding the legal aspect of smart contracts, IT arrangements and decentralized autonomous organisations (DAOs). In particular, it will address the definition of smart contracts, why we need them and why we need lawyers to draft them. The seminar will discuss smart contract upsides and liabilities, including validity and enforceability of smart contracts. It will also address current challenges in litigation: frustration, duress, undue influence, unconscionable dealings or force majeure in smart contracts. The course will also delve into DAOs and IT arrangements with a particular focus on legal personality, governing jurisdiction, contracting with DAOs, governance and liability issues.