Rethinking mistake in the age of Algorithms: Quoine Pte Ltd v B2C2 Ltd

Author

Vincent OOI, Singapore Management UniversityFollow
Kian Peng SOH, Singapore Management UniversityFollow

Publication Type

Case note/Digest

Version

acceptedVersion

Publication Date

9-2020

Abstract

Good traders remove emotion from the decision-making process. Automated trading algorithms have enabled this, allowing one to trade round the clock, and without the constant need to monitor one’s investments. But software has gremlins. Given the vast amounts of money involved in such trades, it was only a matter of time before disputes involving automated trading software came before the courts. The decision in Quoine v B2C2 (“Quoine”) represents the first time an apex court in the Commonwealth has ruled on the applicability of contractual principles to situations involving automated trading software.

Keywords

Contract Law, Artificial Intelligence, Cryptocurrencies, Fintech

Discipline

Artificial Intelligence and Robotics | Contracts | Science and Technology Law

Research Areas

Innovation, Technology and the Law; Private Law

Publication

King's Law Journal

Volume

31

Issue

3

First Page

367

Last Page

372

ISSN

0961-5768

Identifier

10.1080/09615768.2020.1815939

Publisher

Taylor & Francis (Routledge): SSH Titles - no Open Select

Citation

OOI, Vincent and SOH, Kian Peng. Rethinking mistake in the age of Algorithms: Quoine Pte Ltd v B2C2 Ltd. (2020). King's Law Journal. 31, (3), 367-372.
Available at: https://ink.library.smu.edu.sg/sol_research/3198

Copyright Owner and License

Authors

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Additional URL

https://doi.org/10.1080/09615768.2020.1815939