The merger with Vietnamese based law firm PBC PARTNERS & RHTLaw signals the Firm’s drive towards a seamless regional legal platform through integrating brand, technology and knowledge across ASEAN. Move in line with establishment of the ASEAN Economic Community (AEC), a major milestone in the regional economic integration agenda in ASEAN, offering opportunities in the form of a market of US$2.6 trillion and over 622 million people.
RHTLaw Taylor Wessing LLP is set to further strengthen its regional cross-border practice with the merger with PBC PARTNERS & RHTLaw. The firm today announced the launch of RHTLaw Taylor Wessing Vietnam bringing together PBC PARTNERS & RHTLaw, and RHTLaw Taylor Wessing, the 6th largest law firm in Singapore, into a seamless integrated service network. The merger is in line with the AEC Blueprint 2025 which is aimed towards achieving the vision of having an AEC by 2025 that is highly integrated and cohesive; competitive, innovative and dynamic; with enhanced connectivity and sectoral cooperation; and a more resilient, inclusive, and people-oriented, people-centred community, integrated with the global economy.
The move comes soon after RHTLaw Taylor Wessing’s alliance with PBC PARTNERS in early 2014 to form PBC PARTNERS & RHTLaw. Today, the two firms deepen their integration to offer clients seamless cross border services.
The new outfit, located within the commercial centre of Ho Chi Minh City’s District 1, will have presence across Ho Chi Minh City and Hanoi, with 25 lawyers covering a full suite of practice areas, including foreign direct investments, mergers and acquisition, real estate, energy, hospitality, healthcare, construction, banking & finance, international trade, telecommunication, taxation, employment, and dispute resolution.
Commenting on the launch of the new office, RHTLaw Taylor Wessing’s Managing Partner, Tan Chong Huat noted, “The merger signals our commitment to intensify our ASEAN growth strategy via our “ASEAN+” network. What started out as an alliance of like-minded law firms has now grown into a pre-eminent legal firm in Vietnam. Vietnam is one of the fastest growing emerging markets in the world and is poised to play an important role in the ASEAN economy. Our base in Vietnam allows us to actively serve our clients’ business needs across the region, providing on-the-ground counsel to guide them through the legal challenges posed by cross border transactions and operations.”
Azman Jaafar, Deputy Managing Partner of RHTLaw Taylor Wessing and Chairman of the ASEAN+ Group, added, “Launching a new office in Vietnam is part of the series of the strategic growth initiatives we have planned to bolster our presence across ASEAN. In addition to the considerable business opportunities present in Vietnam, the country also serves as a gateway to the Indochina region, potentially opening up avenues for us to service clients in the promising Laos, Cambodian and Myanmar markets.”
RHTLaw Taylor Wessing Vietnam will be led by Tran Thanh Hai as Managing Partner and Benjamin Yap as Senior Partner. Mr Hai has over 20 years of legal experience and is well-regarded in the areas of mergers and acquisitions, banking and finance, telecommunications, employment, land, taxation, technology and commercial law. Prior to forming PBC PARTNERS and RHTLaw, he was with Courdert Brothers, Deasons Vietnam and PwC Legal Vietnam where he worked across a wide range of sectors with both local and international clients.
“I am indeed excited by RHT’s model of combining strong local knowledge with international expertise. Our partnership will allow us to leverage the brand, platform and technology of RHTLaw Taylor Wessing and transform ourselves into a regional and global player. We look forward to working with the Singapore team to build a market-leading office in Ho Chi Minh City and Hanoi”, Mr Hai remarked.
Benjamin Yap, a Vietnam-registered foreign lawyer who is called to the Singapore and English Bar, has extensive experience in corporate and commercial transactions. He has more than 20 years of experience handling mergers and acquisitions, real estate, corporate compliance and governance, and employment matters for local and international clients.
The months ahead will also see Partners from the Singapore office being seconded to Vietnam and vice versa, a move aimed to boost knowledge transfer and capacity building.
The latest venture in Vietnam is consistent with RHTLaw Taylor Wessing’s strategy to bolster its service offerings across the region. In the last few years, the Firm has forged strategic alliances with leading Indonesian law firm, Hanafiah Ponggawa and Partners, and South Korean firm DR & AJU, together with several other leading firms in Asia under the ASEAN Plus Group.
RHTLaw Taylor Wessing congratulates Taylor Wessing UK on its move into East London
Taylor Wessing UK is relocating its dedicated Tech City office from Great Eastern Street to Second Home, London’s most high-profile community of entrepreneurs and creative businesses in the heart of London’s tech cluster in Shoreditch.
The Taylor Wessing Tech City team focuses on UK and international tech start-ups and more established tech companies, with representation from the firms’ Technology, Venture Capital, Intellectual Property, Tax and Incentives, Inward Investment and Employment groups. The Firm has offices in all the major technology centres around the world, including London, Cambridge, Paris, Berlin, Singapore, New York City and Palo Alto.
Second Home, the flexible members-only workspace was launched in 2014, in a former carpet factory just off London’s Brick Lane. Since then, it has become renowned for being a hub for fast growing creative companies.
Commenting on the move to Second Home, Adrian Rainey, Partner in the Corporate Technology team at Taylor Wessing said: “London’s tech sector has grown and internationalised enormously since we became the first City law firm to open an office in Tech City in 2011. Our office is at the heart of that community and we can benefit from the ideas and innovation spilling out of it.”
Simon Walker, Partner in the Corporate Technology team added: “For us, it’s about new ways of thinking and change, being a part of that discussion and being as close as possible to the industries we’re expert in.”
Josh Rivers, Head of New Membership at Second Home said: “We think Taylor Wessing’s great work in supporting entrepreneurs is a perfect fit for Second Home. We’re really thrilled to welcome them to the space.”
Taylor Wessing’s Tech City team moved to Second Home on 20 June 2016.
RHTLaw Taylor Wessing and RHT Group of Companies hosted a high-tea in their offices in commemoration of Mr Rajan Menon’s significant career milestone.
Mr Menon is one of the founding fathers of RHTLaw Taylor Wessing LLP. The firm traces its beginnings to May 2011 when a group of lawyers took the bold decision to form RHT Law LLP, who later joined the Taylor Wessing Group in March 2012 and became RHTLaw Taylor Wessing. The vision of our founding fathers was to build a local international law firm that created opportunities for both our clients and staff. The early years saw our founding partners fervently working to build a sustainable and successful law practice in Singapore. Operating out of a meeting room with two phone lines at 6 Battery Road, the pioneer batch of staff and lawyers banded together to weather the difficult early days of the firm. Like Singapore, the firm has grown from strength to strength.
Mr Menon will move on from his Senior Partner role into a new role, that of Founder-Senior Consultant of the Firm. He will continue to be in full-time practice and remain as the Firm’s pillar of strength and knowledge.
Our heartiest congratulations to Mr Menon on his achievements!
RHTLaw Taylor Wessing in conjunction with RHT Holdings hosted a Singapore - Israel Technology event on 7 June 2016 at RHTLaw Taylor Wessing offices. Deputy Managing Partner of RHTLaw Taylor Wessing, Azman Jaafar, presented on the startup landscape in Singapore, and CEO of RHT Holdings, Jayaprakash Jagateesan, presented on funding, professional services and business solutions in the region.
A report suggested that Israel boasts the world’s highest concentration of high-tech start-ups per head and almost 1,000 new companies are launched there every year. Venture investments in Israel-based companies have not only increased in the number of deals – with a near 40% rise quarter on quarter, but they have more than tripled the total amount invested in Q1 of 2015.
The event had overwhelming response with over 100 attendees comprising Israeli startups, VCs and technology related service providers.