{"id":26869,"date":"2022-05-18T14:58:30","date_gmt":"2022-05-18T07:58:30","guid":{"rendered":"https:\/\/baliarbitration.org\/newsandevent\/?p=26869"},"modified":"2024-06-12T15:12:42","modified_gmt":"2024-06-12T08:12:42","slug":"withers-obtains-worldwide-injunction-for-singaporean-to-freeze-sale-of-rare-bored-ape-yacht-club-nft","status":"publish","type":"post","link":"https:\/\/baliarbitration.org\/newsandevent\/withers-obtains-worldwide-injunction-for-singaporean-to-freeze-sale-of-rare-bored-ape-yacht-club-nft\/","title":{"rendered":"Withers Obtains Worldwide Injunction for Singaporean to Freeze  Sale of Rare Bored Ape Yacht Club NFT"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"26869\" class=\"elementor elementor-26869\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f84e798 e-flex e-con-boxed e-con e-parent\" data-id=\"f84e798\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12ec7ed elementor-widget elementor-widget-text-editor\" data-id=\"12ec7ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Global law firm Withers KhattarWong has successfully obtained a worldwide proprietary injunction on behalf of a Singaporean NFT investor to freeze the sale and ownership transfer of a rare Bored Ape Yacht Club (BAYC) NFT, or non-fungible token, on the Ethereum blockchain against a Metaverse personality.<\/p><p>The Singapore High Court\u2019s injunction to protect an NFT is the first in<br \/>Singapore and Asia, and the first globally in a purely commercial dispute. This injunction recognises NFTs as an asset.<\/p><p>Withers KhattarWong partner and international arbitration and litigation specialist, Shaun Leong, said: \u201cWe are the first law firm in Singapore, and one of the first few in the world, that is successful in obtaining a worldwide proprietary injunction to freeze a Bored Ape Yacht Club NFT sale on the blockchain against a Metaverse personality.\u201d<\/p><p>He added that the landmark ruling is also significant because it recognises that Singapore courts can take jurisdiction over assets sited in the decentralised blockchain.<\/p><p>The case is also unique as it allows for the service of court papers to be effected via social media such as Twitter, including on Ethereum\u2019s platform.<\/p><p>In the other known decision, Lavinia Deborah Osbourne v (1) Persons Unknown (2) Ozone Networks Inc Trading as Opensea, the UK court also considered NFTs as property. However, the injunction was to protect NFTs that were criminally hacked by unknown persons.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7415d03 elementor-widget elementor-widget-template\" data-id=\"7415d03\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"26528\" class=\"elementor elementor-26528\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f230602 e-flex e-con-boxed e-con e-parent\" data-id=\"f230602\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02631df elementor-widget elementor-widget-heading\" data-id=\"02631df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Content Authorship and Sources<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-58ec3d7 e-flex e-con-boxed e-con e-child\" data-id=\"58ec3d7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7403250 e-con-full e-flex e-con e-child\" data-id=\"7403250\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1407e7c elementor-widget elementor-widget-image\" data-id=\"1407e7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/baliarbitration.org\/newsandevent\/wp-content\/uploads\/2024\/02\/Shaun-Leong.jpg\" class=\"attachment-large size-large wp-image-26147\" alt=\"\" srcset=\"https:\/\/baliarbitration.org\/newsandevent\/wp-content\/uploads\/2024\/02\/Shaun-Leong.jpg 500w, https:\/\/baliarbitration.org\/newsandevent\/wp-content\/uploads\/2024\/02\/Shaun-Leong-300x300.jpg 300w, https:\/\/baliarbitration.org\/newsandevent\/wp-content\/uploads\/2024\/02\/Shaun-Leong-150x150.jpg 150w, https:\/\/baliarbitration.org\/newsandevent\/wp-content\/uploads\/2024\/02\/Shaun-Leong-24x24.jpg 24w, https:\/\/baliarbitration.org\/newsandevent\/wp-content\/uploads\/2024\/02\/Shaun-Leong-48x48.jpg 48w, https:\/\/baliarbitration.org\/newsandevent\/wp-content\/uploads\/2024\/02\/Shaun-Leong-96x96.jpg 96w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-67557af e-flex e-con-boxed e-con e-child\" data-id=\"67557af\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5c75634 elementor-widget elementor-widget-heading\" data-id=\"5c75634\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Shaun Leong<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7c0668 elementor-widget elementor-widget-text-editor\" data-id=\"a7c0668\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Arbitration and Mediation Panelist at BIAMC<\/p>\n<p>Equity Partner at Withersworldwide<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3ddf0d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"b3ddf0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/baliarbitration.org\/newsandevent\/withers-obtains-worldwide-injunction-for-singaporean-to-freeze-sale-of-rare-bored-ape-yacht-club-nft-3\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download PDF<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d4287c elementor-widget elementor-widget-template\" data-id=\"1d4287c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"26509\" class=\"elementor elementor-26509\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b3457ce e-flex e-con-boxed e-con e-parent\" data-id=\"b3457ce\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0bebf60 elementor-widget elementor-widget-text-editor\" data-id=\"0bebf60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Disclaimer:<\/strong> The articles published on the BIAMC platform are authored by members of the BIAMC Arbitration Panellist and do not necessarily reflect the views or policies of the Bali International Arbitration &amp; Mediation Center (BIAMC). BIAMC is not responsible for the content of the articles and does not provide any warranty as to their accuracy or completeness. The responsibility for the content, opinions expressed, and any reputational impacts thereof rests solely with the individual authors. BIAMC serves solely as a platform to showcase the works of these authors. Readers are encouraged to approach each article with a discerning view and to consider the context and perspective of the individual author.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Global law firm Withers KhattarWong has successfully obtained a worldwide proprietary injunction on behalf of a Singaporean NFT investor to freeze the sale and ownership transfer of a rare Bored Ape Yacht Club (BAYC) NFT, or non-fungible token, on the Ethereum blockchain against a Metaverse personality.<\/p>\n","protected":false},"author":2,"featured_media":26905,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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