Metaverse is gaining rapid traction in recent years. Virtual assets such as non-fungible tokens (“NFTs”) are becoming increasingly popular. These new technologies offer organisations a wide range of opportunities to generate value and create innovative ways of engaging with their clients.
On 1 Dec, at the BIP Asia breakout session co-organised by the Hong Kong Trade Development Council and Department of Justice, Ling Chun Wai from Des Voeux Chambers joined the panel with Joshua Chu, Group Chief Risk Officer at Coinllectibles™, Marvion™ and XBE, Ling Ho, Partner of Clifford Chance discussed the potential legal issues that may arise from the metaverse and NFTs and the necessary actions to protect the IP rights in the virtual world. For enterprises seizing vast business opportunities in the Greater Bay Area, the panellists shared their insights on how enterprises can resolve their disputes amicably and efficiently using Hong Kong’s legal and dispute resolution services as well as protect their IP rights in the GBA. Mr Amirali Nasir, MH, JP, Vice-President of the Law Society of Hong Kong and Chairman of its InnoTech Committee moderated the session.