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Introduction
Decentralised autonomous organisations (or DAOs for short) – as well as similarly decentralised arrangements based on the blockchain – present unprecedented legal challenges and have the potential to be the transformative event for corporate law in the 21st century, putting into question tenets we have had for granted and forcing corporate lawyers to rethink what they hold as immutable and to adapt many corporate law rules to this new reality. At the Lisbon DAO Observatory, a research project set up within the Lisbon Centre for Research in Private Law (CIDP – Centro de Investigação de Direito Privado) of the Faculty of Law of the University of Lisbon, we are seeking to find answers for these deeply enthralling and exciting challenges.
In our path to such answers, we have held, on the 25th of May 2022, the 2nd Lisbon DAO Legal Structure Workshop – where we hosted legal scholars and practitioners explaining: (i) how most DAOs would be qualified under major European jurisdictions (Portugal, Germany, France and the UK); and (ii) how they are already being dealt with in more forward-looking jurisdictions, such as Malta, Wyoming and the Marshall Islands, with the latter three jurisdictions having explicitly recognised DAOs in their corporate law.
Following the great success of this event, we are happy to be able to publish this e-book, which contains seven enlightening texts written by the speakers of the event, which will let the reader know how DAOs would be dealt with in a wide array of jurisdictions
ÍNDICE
DAOs in Various Jurisdictions: a Foreword
António Garcia Rolo
DAOs Under Portuguese Law
Ana Nunes Teixeira
A legal form for DAOs under German Law
Sophia Schwemmer
Decentralised Autonomous Organisations (DAO) and Private International Law: Preliminary reflections from a French law perspective
Stéphane Blemus
Decentralized Autonomous Organizations (DAOs) under English Law
Michael Anderson Schillig
Malta’s Tentative Steps Towards DAO Personification
Max Ganado
Wyoming DAO LLC Overview - Timeline of Digital Asset Law in Wyoming
Jacob Beckett
The Future of Human Organization and Solving the Legal Entity Problem for Decentralized Autonomous Organizations (DAOs)
Adam Miller and Leo Henkels