Singapore Leading Case mistakebanking and finance

Quoine Pte Ltd v B2C2 Ltd (Cryptocurrency Trading)

[2020] SGCA(I) 2

JurisdictionSingapore

CourtSingapore Court of Appeal (International Division)

Year2020

StatusBinding authority

Summary

Unilateral mistake in cryptocurrency trading voids contract only with actual knowledge of error by non-mistaken party; algorithmic trades are attributed to their programmer.

Key Principle

Unilateral mistake in a cryptocurrency trade does not render the contract void unless the non-mistaken party had actual knowledge of the error; algorithmic trades are attributed to the party that programmed the algorithm.

Area of Law

commercial

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