Legal consequences of the global nature of financing long-term and capital-intensive investments using DLT

Abstract

Due to its inherent cross-border and even global nature, DLT carries significant implications for financing long-term and capital-intensive investments. Hence, Chapter 3 endeavours to synthesize the legal consequences of this state of affairs. The chapter includes general considerations on the law applicable to the registered office, the legal relevance of the public or private nature of the blockchain, the legal implications of Decentralized Autonomous Organisations (DAO) and token issuance for the financing of cross-border megaprojects, or the application of the EU Rome I Regulation and Regulation 1215/2012. The issues of DAO and token issuance are then further developed in the following chapters.