Author: Ronald JJ Wong

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Legal Update: Key takeaways from D’Aloia case on what crypto fraud victims need to establish to trace and claim against a crypto exchange

⚡ Key takeaways from D’Aloia case on what crypto fraud victims need to establish to trace and claim against a crypto exchange ⚡

The High Court of England and Wales on 12 Sep 2024 delivered a significant judgment in D’Aloia v Persons Unknown Category A & Ors [2024] EWHC 2342 (Ch).

🪙 [Summary]

D’Aloia alleged he was defrauded by unknown persons to transfer crypto incl. USDT. 1D transferred the crypto into various wallets. 7D withdrew it as fiat. A crypto exchange Bitkub was one of the Df which 7D held accounts with, from which fiat was withdrawn. The court held that the claimant failed to prove that his USDT were in Bitkub’s wallets.

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Do Banks & Payment Service Providers Owe a ‘Retrieval Duty’ in Authorised Push Payment (APP) Fraud Cases?

APP fraud is a type of scam where an individual or corporate victim is misled to make payment transfers to the fraudster, typically via social engineering. Can victims sue their bank or payment service providers (PSPs) where they suffered APP fraud?

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Case: A claim for breach of fiduciary duty can a provable debt in bankruptcy

Re Medora Xerxes Jamshid (in his capacity as the private trustee in bankruptcy of Tan Han Meng) (Planar One & Associates Pte Ltd (in liquidation), non-party) [2024] SGHC 196

Issue: Can a proof of debt claim for breach of fiduciary duty / director’s duties be accepted by a private trustee under the proof of debt process in bankruptcy?

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Cryptocurrency and Digital Assets Legal Disputes in Singapore

Overview of Blockchain and Crypto Disputes and Legal Issues and Cases

Our team has subject matter expertise in legal, technical, and economic aspects of blockchain-related matters, including token sales, listings, and issuances, SAFTs, real-world asset tokenisation projects, token exchanges, digital asset and on-chain tracing, crypto-related insolvency, and crypto fraud and scams. As Singapore lawyers, we’ve handled cryptocurrency claims involving persons from different jurisdictions/countries and cross-border elements.

In this article (also accessible at Covenant Chambers’ website), we set out various legal issues, considerations and approaches regarding various types of blockchain and crypto disputes and transactions.

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The Ultimate Guide to Starting and Running a Business in Singapore

All the legal, tax, operational, and strategic considerations from founding to growth stage

This article explains everything a founder, CEO, Board Director, manager, or executive would typically encounter in starting and running a business.

Beyond mere information, we share practical guidance and insights from experience.

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Significant Singapore Court of Appeal decision clarifying the law of confidence:  Lim Suk Ling Priscilla v Amber Compounding Pharmacy Pte Ltd [2024] SGCA 16

Significance: Singapore Court of Appeal clarifies the law on breach of confidence, when wrongful gain and wrongful loss damages may be claimed for same or different sets of information, and pleadings for such claims.

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