DVA & ANOR v DVC [2026] SGHC(I) 4 (23 March 2026)

DVA & ANOR v DVC [2026] SGHC(I) 4 (23 March 2026)

Claimants established a serious issue to be tried regarding their proprietary interest in the digital assets transferred by mistake, and the balance of convenience favours granting an interlocutory proprietary injunction to prevent dissipation of assets pending trial; disclosure is necessary to ensure effectiveness of the injunction.

Citation
[2026] SGHC(I) 4
Parties
Claimant: DVA; Claimant: DVB; Defendant: DVC
Jurisdiction
Singapore
Judgment Date
23 March 2026
Procedural Posture
Originating Application / Interlocutory Application for Proprietary Injunction
Outcome
Interlocutory proprietary injunction granted with ancillary disclosure orders; some ancillary relief sought by claimants refused or reserved.
Legal Topics
Proprietary Injunction, Constructive Trust, Unjust Enrichment, Cryptocurrency, Interim Relief
Civil Procedure Commercial Law Trusts and Equity Proprietary Injunction Constructive Trust Unjust Enrichment Cryptocurrency Interim Relief

Case Brief

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Parties

DVA

Claimant

DVB

Claimant

DVC

Defendant

Procedural Posture

Originating Application / Interlocutory Application for Proprietary Injunction

Legal Issues

  1. 1 Whether claimants have an arguable proprietary claim to digital assets transferred by mistake
  2. 2 Whether balance of convenience favours grant of interlocutory proprietary injunction
  3. 3 Whether ancillary disclosure orders should be granted

Ratio Decidendi

Claimants established a serious issue to be tried regarding their proprietary interest in the digital assets transferred by mistake, and the balance of convenience favours granting an interlocutory proprietary injunction to prevent dissipation of assets pending trial; disclosure is necessary to ensure effectiveness of the injunction.

Court Disposition

Interlocutory proprietary injunction granted with ancillary disclosure orders; some ancillary relief sought by claimants refused or reserved.

Orders

  • Defendant restrained from disposing of, dealing with, or diminishing value of 780.0000542 BTC and 816,773.840272 USDC or their proceeds in his possession, custody or control.
  • Defendant to disclose by affidavit within 14 days the location, means of access, and details of the subject assets and any proceeds or substituted assets, including third party custodians.