Research Briefing
Property (Digital Assets etc) Bill [HL]: HL Bill 31 of 2024–25
There are two types of property in established case law: things in possession (usually tangible objects) and things in action (like debts or the right to sue). Digital assets do not fall neatly into either category. While the law has been flexible in practice in considering them property, this Law Commission bill aims to remove uncertainty by legally establishing a third type of property. This is intended to provide more clarity in cases involving digital assets, including settlements, divorces, or disputed ownership.