Are There Legal Precedents for Overturning the Outcome of an Immutable Smart Contract in a Court of Law?
The legal landscape for smart contracts is still evolving, and direct precedents are scarce. However, courts are likely to apply existing legal principles.
If a smart contract is deemed to be a component of a legally binding agreement, a court could theoretically order a remedy for an unjust outcome, even if the code itself is immutable. For example, a court could order one party to compensate the other for losses caused by a bug or exploit, effectively reversing the economic outcome without altering the blockchain record.
The focus would be on the legal agreement surrounding the code, not the code itself.