Robert ong thien cheng v luno pte ltd & anor
Web2-2024 Abstract The first Malaysian judgment of precedential value relating to the recovery of mistakenly transferred cryptocurrency, Robert Ong Thien Cheng v LUNO Pte Ltd and … WebSep 7, 2024 · However, there is a Malaysian decided case involving cryptocurrencies, Robert Ong Thien Cheng v Luno Pte Ltd & Anor (unreported), whereby the Respondents filed an …
Robert ong thien cheng v luno pte ltd & anor
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WebMay 21, 2024 · 21 May 2024 The High Court, in the case of Robert Ong Thien Cheng v Luno Pte Ltd & Anor [2024] 3 AMR 143, ruled on appeal that Bitcoins fall within the ambit of the … WebRobert Ong Thien Cheng v LUNO Pte Ltd and BitX Malaysia Sdn Bhd, 1 . is uncharacteristically short but raises important issues in the law of unjust enrichment. Even within the Commonwealth, this is the fi rst reported case involving an unjust enrichment claim to recover mistakenly transferred cryptoassets. 2 . In short, Ong. was a modern …
Web3 E.g., B2C2 Ltd v Quoine Pte Ltd and David Ian Ruscoe and Malcolm Russell Moore v Cryptopia Limited 4 E.g., Copytrack Pte Ltd v Brian Wall, Henderson v Walker, Kleiman v Wright, and BDI Capital LLC v Bulbul Investments LLC. 5 E.g., AA v Persons Unknown & BitFinex, and Elena Vorotyntseva v Money-4 Limited 6 E.g., Hague v Cordiner (No. 2) [2024 ... WebSep 2, 2024 · And the case (unreported) in the spotlight is: Robert Ong Thien Cheng v Luno Pte Ltd & Anor [2024] 1 LNS 2194. This is an appeal from the Session Court which passed …
WebIn Robert Ong Thien Cheng v Luno Pte Ltd & Anor [2024] 1 LNS 2194, the High Court affirmed the decision of the Sessions Court which held that Section 73 of the Contracts Act 1950 (which requires a person to whom money has been paid, or anything delivered, by mistake or under coercion, must repay or return it) is wide enough to cover Bitcoin, the … WebJan 14, 2024 · Luno demanded for the return of the 11.3 bitcoin, but Mr Ong was only agreeable to pay RM300,000 - the value of 11.3 bitcoin on the day of the mistaken transfer, a month later. Due to the...
WebJan 14, 2024 · The Malaysian courts have recognised cryptocurrency as a security and a commodity. In the case of Luno Pte Ltd & Another v Robert Ong Thien Cheng (Civil Suit No. BA-B52NCVC-389-12/2024), the Shah Alam Sessions Court held that cryptocurrency falls within the ambit of "anything" under Section 73 of the Contracts Act 1950 ("CA 1950") as …
WebOct 13, 2024 · Robert Ong Thien Cheng v Luno Pte Ltd was initiated in the Sessions Court of Malaysia, where Luno filed a claim against Ong to return Bitcoins that had been mistakenly transferred by Luno. Luno won in the Sessions Court. Ong appealed unsuccessfully to the High Court of Malaya. books about blackfeet indiansWebApr 14, 2024 · In Luno Pte Ltd & Anor v Robert Ong Thien Cheng (Sessions Court Civil Suit No. BA-B52NCVC-389-12/2024), the 1st Plaintiff mistakenly transferred 11.3 Bitcoins onto the Defendant's e-Wallet which the Defendant refused to return. The Plaintiffs sued the Defendant for the return of the 11.3 Bitcoins under s. 73 Contracts Act 1950. books about black historyWebDec 2, 2024 · In the case of “ Robert Ong Thien Cheng v Luno Pte Ltd & Bitx Malaysia Sdn Bhd [2024] 1 LNS 2194 ” clearly shows that only the legal owner of digital asset has the right to transfer or return ... go easy cover