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Jun 29, 2020 · In Robert Ong Thien Cheng v Luno Pte. Ltd. & Anor, the Malaysian High Court classified cryptocurrency as a form of “security” and ruled on appeal that bitcoins fall within the ambit of “anything” under section 73 of the Contracts Act 1950 (“CA”), which among others requires “anything” delivered by mistake to be returned.
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May 29, 2020 · courts is the case of Robert Ong Thien Cheng v Luno Pte Ltd & Anor, which was decided by the High Court (on appeal) in August 2019. The facts of this case are rather straightforward. Luno Malaysia Sdn Bhd (Luno) is a digital assets exchange platform registered with the Securities Commission. On 1
May 21, 2020 · The High Court, in the case of Robert Ong Thien Cheng v Luno Pte Ltd & Anor [2020] 3 AMR 143, ruled on appeal that Bitcoins fall within the ambit of the term “anything” under section 73 of the Contacts Act 1950 (‘CA’) and as such is a thing “capable” of being returned.
Jan 9, 2020 · Robert stated that he had converted all 22.6 BTC to CST futures, which did not materialize and is now valued close to nil as a result. Ultimately Robert did not return the 11.3 BTC. Instead he offered to pay Luno RM300,000 at the end of Nov 2017, about a month after the fact.
The first ever cryptocurrency dispute to land in the Malaysian courts is the case of Robert Ong Thien Cheng v Luno Pte Ltd & Anor, which was decided by the High Court (on appeal) in August...
Jun 24, 2020 · The High Court, in the case of Robert Ong Thien Cheng v Luno Pte Ltd & Anor [2020] 3 AMR 143, ruled on appeal that Bitcoins fall within the ambit of the term "anything" under section 73 of the Contacts Act 1950 ('CA') and as such is a thing "capable" of being returned.
The first Malaysian judgment of precedential value relating to the recovery of mistakenly transferred cryptocurrency, Robert 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.
