Page 12 - Contracts Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. The Malaysian courts have recognised cryptocurrency as a security and a commodity. In the case of  Luno Pte Ltd & Another v Robert Ong Thien Cheng  (Civil Suit No. BA-B52NCVC-389-12/2017), the Shah Alam Sessions Court held that cryptocurrency falls within the ambit of "anything" under Section 73 of the Contracts Act 1950 ("CA 1950") as cryptocurrency is a form of commodity with an attached value. On appeal, the Shah Alam High Court, in  Robert Ong Thien Cheng v Luno Pte & Another  (Civi...

Search Many Buy Now, Pay Later or BNPL Fintechs in Australia are Not Properly Regulated, which Poses Serious Risks, Industry Exec Claims Grant Halverson, CEO and MD at McLean Roche Pty Ltd, has noted that Fintech-related risk has increased dramatically this year and has been “aided by ‘free’ central bank money, exuberant VCs, private equity and run away share markets.” Zip will be raising as much as $150 million in capital to expand its operations globally. Many of these so-called BNPL products are not well regulated (or even unregulated) in Australia and New Zealand, Halverson claim...

To print this article, all you need is to be registered or login on Mondaq.com. On 8 December 2020, the Government published its first "Action Plan for Insurance Reform" in Ireland (the Action Plan). The publication of the Action Plan reinforces the Government's emphasis on insurance reform in its "Programme for Government – Our Share Future" (the Programme for Government) published in June 2020 (see our article here). The Action Plan is a product of the Cabinet Committee on Economic Recovery and Investments Sub-Group on Insurance Reform which is chaired by An Tánai...