Property (Digital Assets etc) Bill awaits royal assent

The UK Property (Digital Assets etc) Bill has completed its third reading in the House of Commons with further amendments and now awaits royal assent before becoming law. The Bill gives effect to recommendations of the Law Commission confirming in statute that a thing that is digital or electronic in nature can be recognised as personal property even if it does not fall within the traditional categories of "things in possession" or "things in action". The Bill applies to England, Wales and Northern Ireland.

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