Odaily Planet Daily reports that a money laundering case involving 60,000 Bitcoin will have a “Legal Applicability Issue” hearing in July (regarding whether Chinese law or UK law should apply). The UK High Court has appointed the law firm Fieldfisher, which was involved earlier in the case, to lead the hearing. However, the lead law firm’s proposal has sparked controversy. Some firms are concerned that Fieldfisher might gain an informational advantage, such as access to the list of victims with large investments, and even attempt to “poach clients” by using improper means to “induce” victims to switch law firms. The judge believes that this arrangement does not designate Fieldfisher to handle all victim asset recovery claims, but rather to represent all victims in the “Legal Applicability Issue” and negotiate with the court. Other law firms will continue to handle their clients’ claims independently. Appointing a lead law firm is intended to improve litigation efficiency. (Caixin)
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