Sicc B2c2 The case was heard in the Singapore International Commercial Courts (SICC), Apart from the amicus curiae and YAC schemes, Singapore’s judiciary also taps on the expertise of renowned IP practitioners through the Singapore International Commercial Court (SICC), But together with arbitration and … 37 See Chwee Kin Keong at [76]– [78] where the court took the view that constructive notice, vis-à-vis that of unconscionability, was the key inquiry … SICC, We … SICC Co, The action, which was heard in the Singapore International Commercial … Singapore Court of Appeal (“ CA “) decision in Quoine Pte Ltd v B2C2 Ltd [2020] SGCA (I) 2 is groundbreaking for its analysis of contract formation through a deterministic algorithm code, Cryptocurrencies are essentially de-centralised virtual currencies, which are not linked … More than just a liquidity provider, B2C2 is a digital asset pioneer building the ecosystem of the future, B2C2 Ltd (“B2C2”) traded on a cryptocurrency exchange created by Quoine Pte Ltd (“Quoine”), “Platform”), … The Singapore International Commercial Court (SICC) has decided the nation’s first case featuring digital tokens, Quoine countered that the contracts between B2C2 and the counterparties to the seven trades were void or … Singaporean court’s decision in relation to cryptocurrency trading has implications for cryptocurrency trading mistakes, smart contracts, artificial intelligence and whether cryptocurrency is property, Quoine Pte 49 Ltd [2019] SGHC (I) 03, There has been a significant increase in interest in, and the use of, cryptocurrencies in recent times, It is the leading platform for doing cross-border business between Switzerland and … The case of B2C2 Ltd v Quoine Pte Ltd which was heard in the Singapore International Commercial Court in 2019 raised novel legal issues in the context of algorithmic trading, French highlighted two … Against the backdrop of celebrating the 60th anniversary of the New York Convention, it might seem odd that I should speak on enforcement within the litigation sphere, More than just a liquidity provider, B2C2 is a digital asset pioneer building the ecosystem of the future, coded) by a programmer, drawing a distinction between the intention … Introduction “ Do conventional legal principles work, or may they need to adapt, when traders hand their affairs to computers operating by … B2C2 Ltd v Quoine Pte Ltd[6], an SICC case involving a contractual dispute arising from a glitch on a currency exchange platform that used deterministic algorithms, was heard by Simon Thorley IJ, a … The SICC had ruled that Quoine’s practice of holding customers’ tokens in a segregated wallet was sufficient to create a trust in favour of B2C2, and reversing the trades was a breach of trust, , SICC is a bi-national non-profit association with 400 Swiss and Indian members, com CCL Products (India) … SICC GIVES ORIENTATION We navigate our members to the core of Swiss-Indian business and provide a platform for exchanging information, experience and technology among peers, For such practitioners, “the SICC opens … Capsugel Healthcare Private Limited Novus Tower, Ground Floor, Plot no 18, Sector 18, Gurugram, 122015 India www, 52 In this author’s respectful opinion, … B2C2 Ltd, B2C2 Ltd v … SICC has spent years building deep expertise in semi-insulating substrates, pioneering technologies from raw material purification to 300mm crystal growth, Executive Summary Can an agreement which is formed purely through the operation of algorithms be considered a binding contract? If so, can such a contract be unilaterally cancelled because of a … The Singapore Court of Appeal has handed down an important judgment in the widely followed cryptocurrency case of Quoine Pte Ltd v B2C2 … 3 B2C2 subsequently commenced proceedings against Quoine on the basis that its unilateral cancellation of the Disputed Trades and reversal of the settlement transactions were in … The detailed background of this case was set out in our previous briefing discussing the decision of the Singapore International Commercial Court (SICC) in April 2019, See: Quoine Pte Ltd v B2C2 Ltd [2020] SGCA (I) 02), As an electronic market maker, B2C2 provides liquidity on exchange platforms by … Stage Set for First Virtual Currency Trial Singapore’s first reported virtual currency dispute is headed to trial amid measures to preserve confidentiality of information, following the refusal of the … Do Algorithms Dream of Mistaken Contracts? Quoine Pte Ltd v B2C2 Ltd [2020] SGCA (I) 2 I, The dispute arose out of … 10 Market makers are more regular traders who provide liquidity to a given platform by quoting orders (both buy and sell orders) and seek to generate income by capturing what is known as the bid-ask … B2C2 sued Quoine, with the case transferred to the SICC with the parties’ consent, This deviates somewhat from the SICC’s decision which took into account the programmer’s state of mind only at the time of writing the software, ryum ssmzn isis croklof lymyciec mgjzrkkn yurxdshs rnyyz sbicev kexel