JONATHAN KUPETZ & 9 Ors v TERRAFORM LABS PTE. LTD. & 2 Ors

Q: Which legislation does [2026] SGCA(I) 1 consider?

The judgment refers to Evidence Act (Cap 97). The statutes cited are listed in full on this page, each linking to its primary text.

[2026] SGCA(I) 1 Court of Appeal (International) 6 March 2026 CA/CAS 2/2025 ( CA/SUM 29/2025 ) · CA/OAS 3/2025 · CA/OAS 4/2025 · CA/CAS 4/2025 93 min read

26 cases cited (16 SG, 10 foreign) Cited by 1 case

Key facts

Court	Court of Appeal (International)
Decided	6 March 2026
Judges	Belinda Ang Saw Ean, Beverley McLachlin, Steven Chong
Charges / claim	Civil Procedure, Tort, Damages
Counsel	Drew & Napier LLC, Oon & Bazul LLP, WongPartnership LLP, Han Guangyuan Keith, Loh Renn Lee Daniel, Mahesh Rai s/o Vedprakash Rai, Matthew Tan Zhi Liang, Paul Loy Chi Syann, Samuel Navindran, Samuel Soo Kuok Heng, Tammie Khor, Tan Chee Meng, Teo Jin Yun Germaine, Yii Li-Huei Adelle, Yong Wei Jun Jonathan

Source: [2026] SGCA(I) 1, Court of Appeal (International), decided 6 March 2026 — eLitigation. Updated 10 July 2026.

Catchwords

Civil Procedure — Costs — Principles Tort — Misrepresentation — Fraud and deceit Civil Procedure — Pleadings — Adequacy of pleadings Civil Procedure — Appeals — Adducing fresh evidence on appeal Damages — Measure of damages — Tort — Reliance measure of damages for tort of deceit Civil Procedure — Representative proceedings — Whether certain findings decided on representative basis and binding on all claimants

Practice Areas

Civil Procedure Tort Damages

Judges (3)

Belinda Ang Saw Ean Coram Beverley McLachlin Coram Steven Chong Delivered

Counsel (15)

Drew & Napier LLC Firm Oon & Bazul LLP Firm WongPartnership LLP Firm Han Guangyuan Keith Counsel Respondent Loh Renn Lee Daniel Counsel Appellant Mahesh Rai s/o Vedprakash Rai Counsel Appellant Matthew Tan Zhi Liang Counsel Respondent Paul Loy Chi Syann Counsel Respondent Samuel Navindran Counsel Respondent Samuel Soo Kuok Heng Counsel Appellant Tammie Khor Counsel Appellant Tan Chee Meng Counsel Respondent Teo Jin Yun Germaine Counsel Respondent Yii Li-Huei Adelle Counsel Respondent Yong Wei Jun Jonathan Counsel Appellant

Parties (13)

Luna Foundation Guard Ltd Respondent Terraform Labs Pte Ltd Respondent Andrew Joseph Che-Bin Lee Appellant Arun Kumar Sivaramavimalamoorthy Appellant Daniel Davis Appellant Douglas Gan Yi Dong Appellant Jonathan Kupetz Appellant Kwon Do Hyeong Respondent Mariam binti Nawawi Appellant Phillip Robert Epstein Appellant Ryan Connell Macquisten Appellant Tan Jian Loon Appellant Xue Yao Appellant

[2026] SGCA(I) 1 explained

JONATHAN KUPETZ & 9 Ors v TERRAFORM LABS PTE. LTD. & 2 Ors ([2026] SGCA(I) 1) is a Singapore judgment decided by the Court of Appeal (International) on 6 March 2026. It is categorised under Civil Procedure, Tort, and Damages. Within this corpus it has since been cited by 1 other reported Singapore judgment, a measure of how often later decisions have referred to it. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.

What is [2026] SGCA(I) 1 about?

JONATHAN KUPETZ & 9 Ors v TERRAFORM LABS PTE. LTD. & 2 Ors ([2026] SGCA(I) 1) is a Court of Appeal (International) decision from 2026. Its published catchwords are “Civil Procedure — Costs — Principles”, “Tort — Misrepresentation — Fraud and deceit”, “Civil Procedure — Pleadings — Adequacy of pleadings”, and “Civil Procedure — Appeals — Adducing fresh evidence on appeal”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

Which legislation does [2026] SGCA(I) 1 consider?

The judgment refers to Evidence Act (Cap 97). The statutes cited are listed in full on this page, each linking to its primary text.

What earlier Singapore cases does [2026] SGCA(I) 1 cite?

Among the in-corpus authorities it refers to are [2025] SGHC(I) 17. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2026] SGCA(I) 1?

Within this corpus, [2026] SGCA(I) 1 has been cited by 1 later reported Singapore judgment. That count reflects references from other decisions held in this corpus only and is a conservative lower bound on how often the case has actually been cited.

Statutes Cited

Evidence Act (Cap 97) Cases on this Act →

Cases Cited (26)

SG (2)

[2020] SGHC 39 [2025] SGHC(I) 17

SLR (14)

[1994] 2 SLR(R) 501 [2001] 2 SLR(R) 435 [2004] 3 SLR(R) 288 [2004] 4 SLR(R) 162 [2007] 1 SLR(R) 292 [2008] 2 SLR(R) 623 [2008] 2 SLR(R) 909 [2010] 2 SLR 1154 [2013] 3 SLR 801 [2013] 4 SLR 1204 [2019] 2 SLR 341 [2022] 5 SLR 525 [2023] 1 SLR 96 [2025] 2 SLR 90

UK (10)

[1951] 1 KB 422 [1954] 1 WLR 1489 [1969] 2 QB 158 [1981] Ch 229 [1997] AC 254 [2002] 1 WLR 3111 [2013] EWHC 3560 [2022] AC 1217 [2022] EWHC 1435 [2025] EWCA Civ 1596