Legal developments concerning blockchain and digital assets are not limited to the English-speaking world. Earlier this year, some thought-provoking developments on digital assets and related technologies emerged in Spanish-speaking civil law jurisdictions. These include a ruling from a Barcelona court on the intersection of intellectual property rights with NFTs (non-fungible tokens) and metaverse applications. In addition, a new law in Mexico recognizes the use of online, smart-contract–based alternative dispute resolution systems.
| |Infringing Physical Original Works Through Digital and Virtual Versions?
In January, the Ninth Commercial Court in Barcelona, Spain, issued a novel ruling in the case of Visual Entidad de Gestión de Artistas Plásticos v. Punto Fa, Resolución No. 11/2024, where use of copyrighted artwork in NFTs and in a metaverse were challenged as unlawful infringements but were upheld as amounting to a permissible "fair use."
The case arose from an artistic exhibit that the Spanish fashion brand Mango had commissioned in May 2022 to mark the inauguration of Mango's newest store on Fifth Avenue in New York City. The exhibit was presented in three realms: the physical, the digital, and the virtual, the latter two of which gave rise to the dispute.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.