Draft Principles on Digital Assets and Private Law Opened to Public Opinion

As part of the Project on Digital Assets, The International Institute for the Unification of Private Law (UNIDROIT) published Draft Principles on Digital Assets and Private Law (Draft Principles) on 10 January 2023. Draft Principles has been prepared by working group over the course of seven sessions held between 2020-2022.

In a nutshell, Draft Principles aim to provide guidance to legislators, judges, practitioners, and the industry involved in the digital asset economy for matters relating to private law. This includes the definition of digital asset, the importance of control, matters related to transfer of digital assets, custody relationships, conflicts of law, secured transactions, enforcement, and ins