Arbitral Digest

Matter

Artem Ibragimov v Liu Xun (Singapore District Court DC/OC 513/2026)

Singapore District Court proceedings between former cryptocurrency-business co-founders concerning alleged misuse of a signature, related investment litigation, and the effect of Cayman Islands exclusive jurisdiction clauses on a claim in deceit.

  • Cross-border litigation
  • Jurisdiction and arbitration agreements
  • Choice of law
  • Parallel proceedings

Procedural record

  1. 9 October 2026Singapore

    9 October 2026Singapore

    Judgment of the State Courts of the Republic of Singapore in the case DC/OC 513/2026 (Summons No 1392 of 2026) dated 9 October 2026

    State Courts of the Republic of Singapore

    Case no.
    DC/OC 513/2026 (Summons No 1392 of 2026)
    Citation
    [2026] SGDC 334
    Decision summary
    The court granted the Defendant's application to stay the Suit in favour of the Cayman Islands courts, holding that the parties' broadly worded exclusive jurisdiction clauses covered the Claimant's deceit claim and that no strong cause justified refusing the stay.

    Participants

    Application
    Summons to set aside or stay the Suit (DC/SUM 1392/2026) — Granted in favour of a stay
    Artem Ibragimov
    Liu Xun
    State Courts of the Republic of Singapore
    Judge
    Lewis Tan

    Authorities cited

    11
    • Vinmar Overseas (Singapore) Pte Ltd v PTT International Trading Pte Ltd [2018] 2 SLR 1271
      case-law
    • COSCO Shipping Specialized Carriers Co, Ltd v PT OKI Pulp & Paper Mills and others and another matter [2024] 2 SLR 516
      case-law
    • Asiana Airlines, Inc v Gate Gourmet Korea Co, Ltd and others [2024] 2 SLR 279
      case-law
    • Bunge SA and another v Shrikant Bhasi and other appeals [2020] 2 SLR 1223
      case-law
    • The Jian He (The "Jian He" [1999] 3 SLR(R) 432)
      case-law
    • Chen Yun Hian Christopher v BHNV Online Ltd and others [2020] SGHC 284
      case-law
    • Gate Gourmet Korea Co, Ltd and others v Asiana Airlines, Inc [2024] 3 SLR 199
      case-law
    • Fiona Trust & Holding Corporation and others v Privalov and others [2007] UKHL 40
      case-law
    • Ryanair Ltd v Esso Italiana Srl [2015] 1 All ER (Comm) 152
      case-law
    • The Eleftheria [1969] 1 Lloyd's Rep 237
      case-law
    • Trisuryo Garuda Nusa Pte Ltd v SKP Pradiksi (North) Sdn Bhd and another and another appeal [2017] 2 SLR 814
      case-law

Matter record

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Artem Ibragimov v Liu Xun (Singapore District Court DC/OC 513/2026) · Matter