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Quoine Pte Ltd v B2C2 Ltd

[2020] 2 SLR 20
JurisdictionSingapore
CourtSingapore Court of Appeal
Year2020
StatusBinding authority

Summary

Cryptocurrency trades executed by a deterministic algorithm cannot be set aside for unilateral mistake as the program operated as designed with no operative mistake.

Key Principle

The SICC held that cryptocurrency trades executed by a deterministic algorithm cannot be set aside for unilateral mistake; the computer program operated as designed and there was no operative mistake.

Area of Law

contract

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Simic v New South Wales Land and Housing Corporation (2016) 260 CLR 85

High Court of Australia examined the principles governing rectification of written contracts for common intention and unilateral mistake in equity.

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