In court documents issued on Oct 21, High Court judge Lee Seiu Kin says while the decentralised nature of blockchains may pose difficulties when it comes to establishing jurisdiction, there had to be a court which had the jurisdiction to hear the dispute.
While the world of Web3 and blockchain is a decentralised one, it is not a lawless one, says Withers KhattarWong lead lawyer Shaun Leong in response to the High Court’s issuance of its grounds for judgement on the barring of sale and transfer of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT).
On May 13, the Singapore court granted a proprietary injunction to bar the sale and ownership transfer of a BAYC NFT on behalf of a Singaporean investor Janesh Rajkumar against a defendant under the pseudonym “chefpierre.eth”. Leong is the claimant’s legal counsel.
