Where highly volatile assets like digital tokens are concerned, the date of valuation for purposes of assessing damages takes on especial significance.

In the 6th Edition of The Legal Industry Reviews: Singapore, our Head of Asset Recovery & International Enforcement and Deputy Head of Commercial & Corporate Disputes, Wendy Lin, and Partner Ho Yi Jie examine the recent decision in Kalen, Alexandru v World Exchange Services Pte Ltd [2026] SGHC 31 (“Kalen”), where the Singapore High Court had the opportunity to helpfully clarify principles on the date of valuation, including the oft-cited “breach-date rule”. 

The chapter underscores that while the law seeks to achieve fair compensation, the claimant would still be expected to reasonably mitigate its loss, and any damages awarded would be fixed at that date, rather than based on a later date such as the date of trial which can confer windfalls based on hindsight or transient market highs on the claimant. For those navigating the digital and financial sectors, a clear understanding of these principles is vital to shaping or defending recovery strategies.

Click here to read the full chapter to see how these judicial clarifications are strengthening Singapore’s framework as a sophisticated global legal hub.