This quarter, Urszula McCormack and Emily Fox look at the latest developments in central bank digital currencies (CBDCs) worldwide - including several projects on which the KWM team has advised. In our regular update, we share the shifts happening in the world of...
Amanda Lees, Suraj Sajnani and Sarah Jones look at a recent Singapore Court decision which determined that cryptocurrency is property. Introduction On 25 July 2023, the Singapore High Court handed down its decision in the case of ByBit Fintech Limited v Ho Kai Xin and...
James McKenzie & Romy Descours-Karmitz examine the controversial Tulip Trading Case and how it has thrust novel issues regarding cryptocurrency into the English courts and the media spotlight. The case awaits full trial. The regulation of digital assets is set for...
Urszula McCormack, Evan Manolios and Jack McNally give virtual asset service providers (VASPs) the low down on operating beyond June 1 in Hong Kong under a strict new regime. For nearly three years, KWM’s global fintech and blockchain team has exploded client inboxes...
Scott Gardiner delivers his latest fun fact on hydrogen, for anyone who shares his insatiable interest in this clean fuel of the future. In this post, KWM's Co-Global Head of Projects Energy and Resources marvels at efforts to 'green' the power behind Bitcoin. Do you...
Suraj Sajnani, Sian Knight and Michelle Chen discuss the Hong Kong High Court's express confirmation, for the first time ever, that cryptocurrency is “property” and can form the subject matter of a trust. The Court’s decision in Re Gatecoin Ltd aligns Hong Kong’s...
Amanda Lees, Suraj Sajnani, and Sarah Jones talk about a recent Singapore case in which a cryptocurrency court proceeding was stayed to arbitration. The recent case of Parastate Labs Inc v Wang Li & Ors (including Babel Asia Asset Management Pvt Ltd (“Babel Asia”)...
The current trending buzzword in the digital assets space in Singapore is “crypto winter” (with its seasonal variations aplenty: see crypto ice age and even crypto spring by the FT). With that topic on everyone’s mind, increasingly we are having conversations with...
On 13 May 2022 the High Court did not monkey around when granting an urgent injunction against a legendary Bored Ape NFT. The High Court has now published its reasoning (Janesh s/o Rajkumar v Unknown Person (“CHEFPIERRE”) [2022] SGHC 264). In its ground breaking...
On 26 April 2020, the Shenzhen Intermediate People’s Court ruled that an arbitral award be set aside on the ground that awarding damages in US dollars in lieu of Bitcoin is against the public interest. This article explores the Court’s reasoning and alerts potential...