This open access book presents the Unidroit Principles on Digital Assets and Private Law (DAPL) with comprehensive context and expert perspectives. The first part introduces the DAPL framework, its development, and future prospects, featuring contributions on its formation and influence. Key figures, including Professor Hideki Kanda and Professor Steven Weise, discuss major issues and highlights, followed by a Q&A with Professor Edwin Smith on integrating digital assets into the U.S. UCC. The Right of Control section includes practical exercises and explores its central role in DAPL's evolution, concluding with an application to verified carbon credits.
The following parts offer detailed reflections on each of the 19 Principles. Each reflection follows a consistent structure: the Principle's text, commentary, illustrative examples, and explanations, all grounded in official Unidroit documents. The book clarifies the rationale, aims, and drafting process behind each Principle, showing their relevance and alignment with international standards.
This resource is invaluable for lawmakers, judges, lawyers, entrepreneurs, and students seeking clear guidance on interpreting and applying the DAPL Principles to digital assets law.

This work was financed within the framework of the Prometeo 2023 project of the Regional Ministry of Innovation, Universities, Science and Digital Society (CIPROM/2022/26) Present and future of the regulation of cryptoassets in the EU [LegalCripto], whose principal investigator is María del Carmen Pastor Sempere. The basic ideas contained herein were presented in the author's paper with the same title, given on November 13, 2024 at the IV International Congress on Unidroit Principles on Digital Assets and Private Law: Context, Content, Perspectives, organized also by BAES Research Group of the University of Alicante on November 13 and 14, 2024.

This book is open access, which means that you have free and unlimited access Provides expert insights and practical guidance on all 19 UNIDROIT DAPL Principles Clarifies the origins, aims, and real-world impact of digital assets law Supports legal professionals and students in interpreting and applying DAPL Principles confidently

Autorentext

Carmen Pastor Sempere is Full Professor of Commercial Law at the University of Alicante. Her research areas include e-commerce, payment methods, social economy, sustainability, blockchain, and crypto-assets. She is the author of four monographs and more than 200 contributions to national and international conferences, indexed journals, and book chapters. Carmen is the Principal Investigator of the excellence group "Present and Future of Crypto-Asset Regulation in the EU [LegalCripto]," Prometeo Project 2023 (CIPROM/2022/26).

David Morán Bovio is Full Professor of Commercial Law at the University of Cádiz. He has worked extensively in the field of international trade law. He was a member of the academic team representing Spain at UNCITRAL (1987-2014) and has been a correspondent for UNIDROIT since 1994. He also serves as the academic coordinator for the University of Cádiz teams participating in arbitration and commercial law Moots.

Klappentext

This open access book presents the Unidroit Principles on Digital Assets and Private Law (DAPL) with comprehensive context and expert perspectives. The first part introduces the DAPL framework, its development, and future prospects, featuring contributions on its formation and influence. Key figures, including Professor Hideki Kanda and Professor Steven Weise, discuss major issues and highlights, followed by a Q&A with Professor Edwin Smith on integrating digital assets into the U.S. UCC. The “Right of Control” section includes practical exercises and explores its central role in DAPL’s evolution, concluding with an application to verified carbon credits.
The following parts offer detailed reflections on each of the 19 Principles. Each reflection follows a consistent structure: the Principle’s text, commentary, illustrative examples, and explanations, all grounded in official Unidroit documents. The book clarifies the rationale, aims, and drafting process behind each Principle, showing their relevance and alignment with international standards.
This resource is invaluable for lawmakers, judges, lawyers, entrepreneurs, and students seeking clear guidance on interpreting and applying the DAPL Principles to digital assets law.

This work was financed within the framework of the Prometeo 2023 project of the Regional Ministry of Innovation, Universities, Science and Digital Society (CIPROM/2022/26) “Present and future of the regulation of cryptoassets in the EU [LegalCripto]”, whose principal investigator is María del Carmen Pastor Sempere. The basic ideas contained herein were presented in the author's paper with the same title, given on November 13, 2024 at the IV International Congress on “Unidroit Principles on Digital Assets and Private Law: Context, Content, Perspectives”, organized also by BAES Research Group of the University of Alicante on November 13 and 14, 2024.

Inhalt

Part I Introductory Chapters.- Brief Overview of UNIDROIT Principles on Digital Assets and Private Law.- UNIDROIT Principles on Digital Assets and Private Law A Comparison to the Uniform Commercial Code, with an Emphasis on Control, Transfer, Custody, Innocent Acquirers, and Secured Transactions.- The right of control over electronic negotiable documents and electronically documented rights and goods.- Definition and Holdership of Digital Assets after Two and a Half Decades of Evolution of the Notion of Control.- Verified Carbon Credits as Digital Assets.- Part II Reflections on the Introduction to the UNIDROIT Principles.- Commentary on the Introduction to the Introduction to the UNIDROIT Principles on Digital Assets and Private Law.- Part III Reflections on Section I: Scope and Definitions.- Principle 1. Scope.- Principle 2. Definitions.- Principle 3. General principles.- Principle 4. Linked Assets.- Part IV Reflections on Section II: Private International Law.-Principle 5. Applicable Law.- Part V Reflections on Section III: Control and Transfer.- Principle 6. Control.- Principle 7. Identification of a Person in Control of a Digital Asset.- Principle 8. Innocent Acquisition.- Principle 9. Rights of the Transferee.- Part VI Reflections on Section IV: Custody.- Principle 10. Custody.- Principle 11. Duties Owed by a Custodian to its Client.- Principle 12. Innocent client.- Principle 13.Insolvency of a Custodian and Creditor Claims.- Part VII Reflections on Section V: Secured Transactions.- Principle 14. Secured Transactions: General.- Principle 15. Control as a method of Achieving Third-Party Effectiveness.- Principle 16. Priority of security rights.- Principle 17. Enforcement of Security Rights.- Part VIII Reflections on Section VI: Procedural Law Including Enforcement.- Principle 18. Procedural Law Including Enforcement.- Part IX Reflections on Section VII: Insolvency.- Principle 19. Effect of Insolvency on Proprietary Rights in Digital Assets.