China's First Case of NFT Litigation: A Surprising Impact

June 24, 2022 | BY

Susan Mok

Cindy Zhen of Hui Ye Law Firm takes a close look at China's first court decision relating to non-fungible tokens, and finds it may have a significant impact on the country's digital landscape

 

Summary 

  • NFTs have recently become a talking point around the world
  • Hangzhou Internet Court has handed down China's first court decision relating to NFTs
  • In the decision, the court found that an NFT platform had failed to discharge its high duty of care to check the copyright ownership of a work
  • The court also clarified the nature of digital works, and how the current copyright law in China applies to such works, and their trading online

 

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