BACS has the first international tribunal specialized in cryptocurrencies and blockchain, BACSIT.
International tribunal specialized in conflict resolution
Clause of submission to arbitration, mediation or verdict of independent expert:
The intervening parties freely and voluntarily agree that any dispute, discrepancy, claim arising out of the execution, performance, validity or interpretation of both this whitepaper document, and any other documents related to this project, including programming and computer coding of the project, shall be finally resolved through Arbitration, Mediation or Independent Expert Verdict administered by the International Tribunal of the Blockchain Arbitration and Commerce Society (BACSIT), which is entrusted with the administration of the arbitration, mediation or independent expert verdict and the appointment of the arbitrator or arbitrators, mediators or experts, in accordance with its Rules and Bylaws. The language of the arbitration shall be Spanish or English.
For the purposes of notifications, the party indicates as means of notification the following email and/or Telegram account.
Download of the regulations
Tribunal’s Board of Directors
Graduate in Law (1980 Santiago de Compostela) and Theology (1984 Navarre). Doctorate in Theology (1985 Navarre) and in Law (1986 Navarre). Abogado del Estado (1989), Letrado del Consejo de Estado (1989). Senior Counsel to the Council of State (2010-present). Partner of "Ariño & Asociados" (1997-1999), Partner-Director of the Legal Service of "BDO Audiberia" (1999-2003), collaborator of the Law Firm "Pedro Mejías y Asociados" (2003-2005), and Partner of "Cuatrecasas" (2005-2008). Chairman of "Coello de Portugal, Abogados". Fluent in English, German and Italian. Contributor to the newspaper EXPANSIÓN (1991-2012). Co-director of the programme "Derecho y Vida" (1999 - 2005) on "Radio Intereconomía".
Law degree from the University of Navarra (2002). Master's degree in International Business Law (2020). Partner of the law firm Ferrer-Bonsoms&Sanjurjo, specialising in Blockchain, cryptocurrencies and new technologies.
Lawyer of the General Courts and the Council of State, Professor of Constitutional Law and Head of the Chair of Arbitration at the Universidad Rey Juan Carlos (2004-2017). Official mediator by ISDE. Author, among others, of the books: "Tratado de Derecho Arbitral", 4th edition, Thomson-Reuters; "Estatuto y responsabilidad del árbitro", 2004, Aranzadi. Author of numerous monographs, papers and articles on domestic and international arbitration. Lecturer and speaker at universities and academic centers. International arbitrator.
Permanent commission
Manuel Arroyo is a partner of Eversheds Sutherland in Switzerland. He specializes in international arbitration and commercial litigation. Over the past two decades, Manuel has acted in over 100 international commercial arbitrations as counsel or arbitrator. His prior experience includes, inter alia, over ten years as a partner in two business law firms, five years as an associate and several years as a law clerk at the Swiss Federal Supreme Court. He is recognized, inter alia, by Chambers & Partners, Legal 500 and Who's Who Legal.
He is graduated in Law from the University of Lisbon, Law School (1968). Is a lawyer and arbitrator recommended in international directories and publications including Legal Experts and Chamber & Partners Global. Is founding partner, in 1989, of the law firm Barrocas Advogados, based in Lisbon, but also with individual practice between the years 1970 and 1988.
Is member of the Portuguese Bar Association, Brazilian Bar, ICC Latin Group, President of the Portuguese Chapter of “Cour Européenne d’Arbitrage”, member of APA (Associação Portuguesa de Arbitragem), member of the Club Español del Arbitraje (Portuguese chapter).
He is also arbitrator of LCIA, arbitrator of CIMA (Corte Civil y Comercial de Arbitraje), Madrid, member of the IBA “Council Board” (International Bar Association – SBL) 1994-1998, Member of American Bar Association (“Section of the International Law Practice”), Member of Association Européenne d’Études Juridiques et Fiscales, member of the Advisory Board of Center for American and International Law, Dallas, Texas. And former representative of IBA (International Bar Association) in Portugal.
He speaks Portuguese, English, French and Spanish (fluent in all the indicated languages).
His areas of practice are Corporate Law, Corporate Finance Law, Mergers and Acquisitions, Construction Contracts, Commercial Contracts, Shipping, Insurance, Arbitration and Litigation.
As arbitrator, he has participated in many cases, both domestic and international files including some under the ICC Rules. As counsel, he has intervened in a number of cases, both domestic and international. As arbitrator professor, chairing a pre-mock trial at ICC Paris (2016) and mock trial at Universidad Carlos III (Madrid) (2015 and 2016).
As invited professor, he has taught Arbitration Law in post-graduation law courses at Faculty of Law of the New University of Lisbon. As speaker, he has delivered lectures on arbitration at the Faculty of Law, University of Lisbon, Law; Faculty of Law, Catholic University, Lisbon and the Fundação Getúlio Varga Law School, in São Paulo, Brazil, as well as at conferences organized by several arbitration institutions.
He has published books like Manual de Arbitragem (a 900 page treatise on arbitration that has become a reference book on arbitration in Portugal and Brazil) now in 2nd. Edition and published by Almedina, Coimbra, 2014; Lei de Arbitragem Comentada (Portuguese Arbitration Law of 2011 and comments), published by Almedina, Coimbra, 2013).
He specialises in energy, resources, carbon, Web3 and distributed ledger technology. His experience is industry-focused and comprises disputes and advisory matters relating to technology, oil and gas (particularly LNG); the voluntary carbon markets; mining and metals (exploration, production and marketing); and blockchain and cryptocurrency.
He regularly acts for tech companies, oil, gas and mining majors and supermajors, multinational traders and banks, exchanges and crypto market participants in a range of complex disputes and commercial advisory matters, and he is commonly referenced as an energy-focused legal expert in key trade publications.
Much of Dan's work in recent years has involved assisting clients with achieving their energy transition goals.
Having been based in Singapore since 2010, Dan is a multi-panel arbitrator. He has conducted high-value arbitrations under, amongst others, SIAC, ICC, LCIA and AAA-ICDR Arbitration Rules, and ad hoc arbitrations seated in several jurisdictions. Dan is also an experienced mediation practitioner, having mediated numerous complex disputes
She is an attorney dually qualified in New York and Spain, who works in International Arbitration at White & Case LLP in New York. She holds an LL.M. with honors from Columbia University (New York), which she pursued with a full scholarship from “La Caixa” Bank.
She has practiced in several Spanish law firms, including Uría Menéndez and Cuatrecasas. Marta also graduated with high honors from a double degree in Law and Business from Pontificia Comillas University (Madrid), combined with programs at Boston College (USA) and City University of Hong Kong (China.)
She completed the four-year Leadership Program in Liberal Arts at Francisco de Vitoria University and leads several pro-bono and volunteering projects both in Spain and the United States.
His studies include graduation in Law from the Complutense University of Madrid (2008), Master in Stock Exchange and Financial Markets from the Instituto de Estudios Bursátiles (2007), Specialisation Degree in Arbitration from the Rey Juan Carlos University (2009) and Official Master in Public Law of the Autonomous State at the Instituto de Derecho Público of the Rey Juan Carlos University (2010), Master in Intellectual and Industrial Property and ICT from the Centro de Estudios Financieros (2016), Official Mediator Degree from the Instituto Superior de Derecho y Economía (2021).
He is member of the Madrid Bar Association since 2009. Specialised in civil contracting, contentious-administrative, urban planning, intellectual and industrial property.
He has extensive training and experience in arbitration and mediation. Is arbitrator of the Spanish Court of Arbitration (2010-2013). He is currently Secretary General of the Ibero-American Court of Arbitration and Mediation of the Creative Industries (CIAMIC). Is a member of the List of Arbitrators and Mediators of the Civil and Commercial Court of Arbitration (CIMA) and is an Arbitrator of the Spanish Arbitration Society (SEA) and of the Arbitration Council for Renting of the Community of Madrid.
Born in the United States, he is currently Assistant Professor of Law, University of Navarra (unav.es), and Independent Legal Consultant, Pamplona, Spain.
He has worked as an attorney in the U.S. at the New York, Florida and Massachusetts State Bars. He is registered as a solicitor with the Law Society of England and Wales and registered with the UK Solicitors Regulation Authority (SRA). He is an adjunct academic fellow at the Pell Centre for International Relations and Public Policy - Salve Regina University, Newport, Rhode Island (USA).
His experience as a lawyer includes Freshfields Bruckhaus Deringer, Milan (Italy) where he worked in the Corporate Department. At Pillsbury Winthrop Shaw Pittman LLP, London, UK, as an Associate in the Corporate and Capital Markets Department. At Edwards Wildman Palmer LLP as an Associate Attorney and in Palm Beach, Florida (United States), in the Corporate and Venture Capital practice.
Education: Graduate of the Institute of International and Development Studies - Institut de Hautes Études Internationales et du Développement (Université de Genève), Geneva, Switzerland (1993 - 1995); Diplôme d'études supérieures (Master) in International Relations - Specialisation in History and Politics. B.A. from Boston College Law School, Newton, MA, 1996 - 1999. He is also a graduate of Providence College, Providence, RI, 1989 - 1993 double major in History and Modern Languages (Spanish and Russian).
Former President, International Law Society, 1997-98, member, 1996-99; participant in negotiation and client counseling competitions, 1996-97; member, Latin American Law Students Association, 1998-99.
Doctor of Law (comparative business and anti-corruption law); Summa Cum Laude ("outstanding cum laude") with qualification of Doctor Europaeus (to meet transnational and linguistic requirements with respect to research, writing and in-person defence of dissertation). Dissertation title: "The parameters of board duties on corporate corruption and bribery: comparative development of applicable laws, regulations and cases (US, Federal and Delaware vs. the UK - focus on England and Wales)".
His publications include the book "Directors' Duties and Corporate Anti-Corruption Efforts in the United States and the United Kingdom, Edward Elgar Publishing".
Since September 2018 he has been teaching comparative law courses at IBLP (International Business Law Program) at the University of Navarra Law School also at Clifford Chance London Legal Week.
From an academic point of view he has been an adjunct/visiting professor of law and independent legal consultant, in Milan, Italy (March 2006 to August 2018). He has provided academic training in 14 countries on four continents (and in four languages) mainly focused on international and comparative corporate governance; company law; capital markets and securities regulations; anti-corruption laws and international contract drafting, as well as other areas of commercial/trade law, such as competition/antitrust law.
Advantages of BACSIT
Submitting disputes that may arise to BACSIT has these advantages:
1.
Specialized tribunal
The arbitrators, mediators or experts who resolve BACSIT disputes are arbitrators specialized in arbitration, cryptoassets and blockchain.
2.
Speed and agility
BACSIT regulations provide for a procedure based on efficiency and speed. Depending on the procedure and the complexity of the case, proceedings can take days, weeks or even months. Do not wait for a Halving to have a Court Judgment that will not be enforceable.
3.
Enforcement of smart contract awards
The parties must guarantee compliance with the award or verdict with cryptoassets that will be enforced in accordance with the judgment via smartcontract.
4.
Confidentiality
The parties agree to the confidentiality of the award, settlement or verdict.
Global reach. International locations
MADRID (SPAIN)
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C/ Antonio Acuña 9, 2º izq
28009, Madrid
- info@bacsociety.com
- +34 91 018 29 46
SINGAPUR
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C/o: HFW, ref. DZPP, 30 Raffles Place,
#24-01, Singapore, 048622
- info@bacsociety.com
- +65 6411 5300
LISBOA (PORTUGAL)
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Amoreiras, Torre 2, 15º floor
1070-102, Lisboa
- info@bacsociety.com
- +351 21 384 33 00
- +351 21 387 02 65
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