Decentralised Autonomous Organisations (DAOs) and the Corporate Law of the Future

DAOs are increasingly penetrating the breadth of society. Based on blockchain technology and autonomous, self-enforcing programmes, they are creating more direct, more transparent and more global forms of organisation. The traditional executive body is replaced by a programme that implements and enforces the will of the participants and enables effective self-organisation. An article by Dr. Stephan D. Meyer in AJP, a major Swiss legal journal, provides beginners with an overview of the various DAO designs and characteristics. Advanced practitioners will find a step-by-step guide on how the legal form of an association can be customised for DAOs in addition to the conflict of laws classification. Finally, with a sideways glance at Wyoming's DAO LLC as a separate corporate form since 2021, the legislator is outlined the cornerstones for a DAO company de lege ferenda, with which Switzerland can expand its corporate law in a future-proof manner in view of the ongoing decentralisation.

The full article can be found here (paywall):

https://www.dike.ch/ajp-pja-03-2023?srsltid=AfmBOoobStRHx-9_lpbCafM3l15VrdnLNzTzRHHj6cZYHKDQWwlo8SYI Contact Lexcovery for more information.