Ang v Reliantco Investments Ltd

Contract – Consumer contract. The defendant company's challenge to jurisdiction failed, in a case concerning an investment the claimant had made through Bitcoin. The defendant, relying on art 25 of Regulation (EU) No 1215/2012, contended that A was bound by its standard terms and conditions, which provided that the courts of Cyprus were to have exclusive jurisdiction over all disputes and controversies arising out of, or in connection with, her customer agreement. The issue concerned whether A was a 'consumer'. The Commercial Court held that the purpose of A's contract had been outside of any business of hers and fell within art 17 of the Regulation. On that basis, the challenge to jurisdiction was dismissed.

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