Authors: Evan Lam, Peiying Chua Heikes

Singapore Court rules on situs issues in cryptocurrency

The Singapore High Court considered the issue of the situs of cryptoassets in the case of Cheong Jun Yoong v Three Arrows Capital Ltd and others. [2024] SGHC 21. In relation to overseas service of court documents, the court held that the location of cryptoassets is determined by looking at the residence of the person who controls the private key to the cryptoasset.