Michael Veale on Nostr: Delicious chaos as another DAO found to be an inadvertent general partnership in CA ...
Delicious chaos as another DAO found to be an inadvertent general partnership in CA https://gizmodo.com/judge-rules-decentralized-autonomous-organizations-arent-so-decentralized-in-the-eyes-of-the-law-2000526564
The nature of that kind of chaos (in England & Wales): unlimited liability for the partners, much of which cannot be contracted away; liability focussing on the the more visible partners, and inability for the DAO to hold assets without contract. https://cloud-platform-e218f50a4812967ba1215eaecede923f.s3.amazonaws.com/uploads/sites/30/2024/07/DAOs-scoping-paper-110724.pdf
Someone who flagged this early on in the US is Carla Reyes in a 2019 article: https://www.gwlr.org/wp-content/uploads/2019/04/87-Geo.-Wash.-L.-Rev.-373.pdf
The nature of that kind of chaos (in England & Wales): unlimited liability for the partners, much of which cannot be contracted away; liability focussing on the the more visible partners, and inability for the DAO to hold assets without contract. https://cloud-platform-e218f50a4812967ba1215eaecede923f.s3.amazonaws.com/uploads/sites/30/2024/07/DAOs-scoping-paper-110724.pdf
Someone who flagged this early on in the US is Carla Reyes in a 2019 article: https://www.gwlr.org/wp-content/uploads/2019/04/87-Geo.-Wash.-L.-Rev.-373.pdf