kaal:claim:2998033-011

Managers of funds that exist only as smart contracts in cyberspace, with no foreign or domestic domicile, cannot assume they are judgment proof; the more likely outcome is that they must comply with more regulations, not fewer, because every node location can trigger a jurisdiction.

However, managers cannot assume that they are judgment-proof. Instead, fund managers may be required to comply with more regulations not fewer.

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017), II.5. Regulatory Implications, p. 15
https://ssrn.com/abstract=2998033 · source PDF

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

• applies to funds constituted entirely through smart contracts on a public blockchain such as Ethereum

failuresupport: arguedfailure: false-judgment-proof-assumptionfamily: legal-personality-and-liability-gaplaw-and-legal-systemssmart-contractscompliance

• restated_by kaal:claim:3409548-022 Managers of funds that exist entirely in cyberspace cannot assume they are judgment proof; the practical conse...
• restated_by kaal:claim:3409548-021 A fund constituted purely through smart contracts on the Ethereum blockchain may have no domicile, foreign or ...

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