Artistes and Cryptocurrencies: A Crashed Collaboration – Pun Kwan Lum (David) v AboutU Pte Ltd and another [2023] SGDC 265
January 22, 2024
Our Managing Partner, Mr Peter Doraisamy, and Counsel, Ms Yzabel Dumaguing, acted for the successful Plaintiff in a case pertaining to an initial coin offering. The case centred on whether monies paid for future digital tokens – on a blockchain network that had yet to, and did not eventually, launch – are refundable.
After delving into the nuances of the case in a judgment spanning 84 pages, the Court in Pun Kwan Lum (David) v AboutU Pte Ltd and another [2023] SGDC 265 answered this question in the affirmative. This case appears to be the first reported decision in Singapore that discusses simple agreements for future tokens.
Read the full update here
Contributed by:
Peter Doraisamy
Managing Partner- Arbitration Related Court Proceedings
- Admiralty & Shipping
- Complex / Cross-Border Litigation
- Construction Disputes
- Corporate and Commercial Litigation
- Employment Law & Disputes
- Insolvency & Re-Structuring
- International Arbitration
- International Trade & Trade Finance
- Joint Venture & Shareholder Disputes
Yzabel Dumaguing
Counsel- Civil & Commercial Disputes
- Admiralty & Shipping
- International Trade & Arbitration
- Natural Resources & Mining
- Energy
- Offshore
- Insolvency & Restructuring
- Corporate Practice
Chambers & Partners – Asia Pacific 2023
PDLegal LLC is pleased to announce that Managing Partner, Peter Doraisamy, has been recognised and ranked by Chambers & Partners (Asia Pacific 2023 for Shipping: Domestic: Litigation). The following quotes appear with Peter’s ranking: –
“Peter Doraisamy of PDLegal in Singapore is a noted shipping lawyer in the market. He handles a wide range of disputes, including ship grounding, cargo and fraud-related cases” – Chambers & Partners – Asia Pacific 2023
“He is excellent in litigation. He has very good control of the case, collecting the right evidence and putting this into a very successful trial.” – Shipping Litigation Client
Chambers and Partners is the leading independent professional legal research company operating across 200 jurisdictions. Chambers and Partners delivers detailed rankings and insights into the world’s leading lawyers and law firms.
This ranking is a testimony to the expertise and experience of the Firm’s shipping practice and would not be possible without the support of our clients and friends.
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