With the cryptocurrency market taking a substantial dip in early August, Bracewell’s David Shargel told New York Law Journal that as a result of market correction, he foresees litigators becoming busier filing affirmative claims on behalf of their clients, while those defending potential claims will work hard to avoid court or arbitration.
“Any significant market volatility, including in the digital asset market, has the potential to result in increased litigation,” Shargel said. “Intense market fluctuation could leave some business counterparties unable to meet their obligations, leading not only to commercial disputes but also an increase in bankruptcy filings.”
