CHEONG JUN YOONG v THREE ARROWS CAPITAL LTD & 2 Ors
Key facts
| Court | High Court (General Division) |
|---|---|
| Decided | |
| Judge | Chua Lee Ming |
| Charges / claim | Civil Procedure, Conflict of Laws |
| Counsel | Drew & Napier LLC, WongPartnership LLP, Blossom Hing Shan Shan, Claire Neoh Kai Xin, Daniel Liu Zhao Xiang, Joshua Chin Tian Hui, Kwong Kai Sheng, Lionel Leo Zhen Wei, T Abirami |
Source: [2024] SGHC 21, High Court (General Division), decided — eLitigation. Updated .
Catchwords
Practice Areas
Judges (1)
Counsel (9)
Case Significance
Cheong Jun Yoong v Three Arrows Capital Ltd and others [2024] SGHC 21 was decided in the General Division of the High Court by Chua Lee Ming J on 26 January 2024, in Originating Claim No 231 of 2023 (Summons No 2078 of 2023). The defendants applied to set aside an earlier order that had granted the claimant, Mr Cheong Jun Yoong, approval to serve the Originating Claim out of Singapore, and to set aside the service that had followed. One of the issues raised concerned where cryptoassets are situated, engaging the catchwords on Civil Procedure — Service and Conflict of Laws — Natural forum.
The first defendant, Three Arrows Capital Ltd, was incorporated on 3 May 2012 in the British Virgin Islands as an investment fund trading in cryptocurrency and other digital assets. On 27 June 2022 a BVI court placed the company under liquidation and appointed Mr Christopher Farmer and Mr Russell Crumpler, the second and third defendants, as liquidators. Drew & Napier LLC acted for the claimant and WongPartnership LLP for the defendants.
[2024] SGHC 21 explained
CHEONG JUN YOONG v THREE ARROWS CAPITAL LTD & 2 Ors ([2024] SGHC 21) is a Singapore judgment decided by the High Court (General Division) on 26 January 2024. It is categorised under Civil Procedure and Conflict of Laws. Within this corpus it has since been cited by 1 other reported Singapore judgment, a measure of how often later decisions have referred to it. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.
What is [2024] SGHC 21 about?
CHEONG JUN YOONG v THREE ARROWS CAPITAL LTD & 2 Ors ([2024] SGHC 21) is a High Court (General Division) decision from 2024. Its published catchwords are “Civil Procedure — Service” and “Conflict of Laws — Natural forum”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.
Which legislation does [2024] SGHC 21 consider?
The judgment refers to Insolvency, Restructuring and Dissolution Act and Restructuring and Dissolution Act. The statutes cited are listed in full on this page, each linking to its primary text.
How influential is [2024] SGHC 21?
Within this corpus, [2024] SGHC 21 has been cited by 1 later reported Singapore judgment. That count reflects references from other decisions held in this corpus only and is a conservative lower bound on how often the case has actually been cited.
What was decided in Cheong Jun Yoong v Three Arrows Capital Ltd [2024] SGHC 21?
In [2024] SGHC 21, Chua Lee Ming J heard the defendants' application to set aside an order granting Mr Cheong Jun Yoong approval to serve an Originating Claim out of Singapore on Three Arrows Capital Ltd and its liquidators, raising where cryptoassets are situated.
Who were the parties in Three Arrows Capital Ltd [2024] SGHC 21?
The claimant was Mr Cheong Jun Yoong. The defendants were Three Arrows Capital Ltd, a BVI investment fund in cryptocurrency trading placed under liquidation on 27 June 2022, and its appointed liquidators Mr Christopher Farmer and Mr Russell Crumpler.
Statutes Cited
Cases Cited (13)
Related cases
Other Singapore judgments involving the same parties or counsel.
Referenced in
Statutes interpreted in this judgment
Legal concepts & references
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2024] SGHC 21)