In this decision of ATT Systems (S’pore) Pte Ltd and another v Centricore (S) Pte Ltd and others [2025] SGHC 13, the Singapore High Court held, among other things, that the general non-compete obligations were valid and enforceable against the former employees. The Court found that the defendants had breached confidentiality obligations, non-compete and loyalty obligations, induced breaches of contract by the former employees, and engaged in a conspiracy to cause damage by such means.
Legal Update: Key takeaways from D’Aloia case on what crypto fraud victims need to establish to trace and claim against a crypto exchange
⚡ Key takeaways from D’Aloia case on what crypto fraud victims need to establish to trace and claim against a crypto exchange ⚡
The High Court of England and Wales on 12 Sep 2024 delivered a significant judgment in D’Aloia v Persons Unknown Category A & Ors [2024] EWHC 2342 (Ch).
🪙 [Summary]
D’Aloia alleged he was defrauded by unknown persons to transfer crypto incl. USDT. 1D transferred the crypto into various wallets. 7D withdrew it as fiat. A crypto exchange Bitkub was one of the Df which 7D held accounts with, from which fiat was withdrawn. The court held that the claimant failed to prove that his USDT were in Bitkub’s wallets.
Private sector corruption: 9 months jail
http://www.straitstimes.com/singapore/director-jailed-for-9-months-for-graft
Director of a company convicted and jailed 9 months under the Prevention of Corruption Act for intending (although he never actually made the payment) to pay an employee of a company (LVMH) bribes to induce business opportunities for his company.