Robert ong thien cheng v luno pte ltd & anor
WebDec 17, 2024 · The facts of the case of Luno Pte Ltd & Anor v Robert Ong Thien Cheng (Sessions Court Civil Suit No. BA-B52NCVC-389-12/2024) (Unreported) are as follow. The 1st Plaintiff conducts its business as an online wallet and exchange of digital currencies, also known as cryptocurrencies including Bitcoin, under the trade name of Luno. 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.
Robert ong thien cheng v luno pte ltd & anor
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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 … WebJan 14, 2024 · In the case of Luno Pte Ltd & Another v. Robert Ong Thien Cheng, the Malaysian courts ruled that cryptocurrencies are a commodity, which raises some interesting questions regarding...
WebJan 14, 2024 · Robert Ong Thien Cheng ("Robert") has been a registered user of Luno since 6 July 2024. On 30 October 2024, Robert deposited RM300,000 into the bank account held … WebNov 4, 2024 · In contrast with the laws of Malaysia, the Sessions Court in the case of Luno Pte Ltd & Another v Robert Ong Thien Cheng (Civil Suit No BA-B52NCVC-389–12/2024) (“the case of Luno”) ruled that cryptocurrency falls within the ambit of “anything” under Section 73 of the Contracts Act 1950 as it is a form of commodity with an attached value.
WebJan 6, 2024 · Luno Pte Ltd & Anor v Robert Ong Thien Cheng – Foong Cheng Leong & Co Tag: Luno Pte Ltd & Anor v Robert Ong Thien Cheng Foong’s Malaysia Cyber, Electronic Evidence and Information Technology Law I am happy to announce that my book “Foong’s Malaysia Cyber, Electronic Evidence and Information Technology Law” is available for pre … WebIn Luno Pte Ltd & Another v Robert Ong Thien Cheng, the case was regarding a man who owed some Bitcoins to a company. Here are the brief facts: Mr. Robert deposited some Bitcoins into an account with Luno, a cryptocurrency company; He later asked them to transfer it back to him. They ended up accidentally transferring double the amount
WebThe claimant cryptocurrency exchange, LUNO, made a second mistaken transfer of 11.3 BTC to an electronic wallet of the defendant, Robert Ong, after having already made a transfer on the same day. LUNO informed Ong of the mistaken transfer the next day.
WebApr 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. things to do near redworth hallWebSep 6, 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 action against the Appellant to claim for a return of 11.3 Bitcoins (amounting to approximately RM300,000.00) which was transferred by mistake to the Appellant. salem motorcycle accident lawyer vimeoWebApr 19, 2024 · In the case of Robert Ong Thien Cheng v Luno Pte & Anor 2024, the Shah Alam High Court had held that cryptocurrency is a form of commodity. In this case, the court was of the view that the word “anything” pursuant to Section 73 of the Contracts Act 1950 includes cryptocurrency and that although it is not regarded as “money” from a ... salem montessori school winston salemWebR v Ong [2001] Cr App R (S) 117. 289 words (1 pages) Case Summary. 4th Jul 2024 Case Summary Reference this In-house law team Jurisdiction / Tag(s): UK Law. Share this: … salem mo public library websiteWebJan 9, 2024 · Ultimately Robert did not return the 11.3 BTC. Instead he offered to pay Luno RM300,000 at the end of Nov 2024, about a month after the fact. But by then, BTC prices … things to do near redlynchWebAug 25, 2024 · Foong Cheng Leong & Co. About; Legislations; FAQ; Tag: Robert Ong Thien Cheng v Luno Pte Ltd & Anor. Foong’s Malaysia Cyber, Electronic Evidence and Information Technology Law. I am happy to announce that my book “Foong’s Malaysia Cyber, Electronic Evidence and Information Technology Law” is available for pre-order. This is my third book. things to do near rhuWebJan 14, 2024 · The case of Luno Pte Ltd & Another v Robert Ong Thien Cheng (Civil Suit No. BA-B52NCVC-389-12/2024) and, subsequently, its appeal (Civil Appeal No. 12BNCVC-91-10-2024) marked an important step in the development of cryptocurrencies in Malaysia. salem mo upper elementary school