June 30, 2016

RHTLaw Taylor Wessing Managing Partner Tan Chong Huat quoted in The Business Times

RHTLaw Taylor Wessing’s Managing Partner, Tan Chong Huat, was quoted in The Business Times article titled “RHTLaw Taylor Wessing merges with Vietnam law firm to deepen reach” The article was first published in The Business Times on 30 June 2016.    RHTLaw Taylor Wessing merges with Vietnam law firm to deepen reach Source: The Business Times © Singapore Press Holdings Ltd Date: 30 June 2016 Author: Claire Huang RHTLAW Taylor Wessing LLP has further strengthened its regional cross-border practice with the merger with PBC Partners & RHTLaw. The firm on Thursday launched RHTLaw Taylor Wessing Vietnam. The merger is in line with the Asean Economic Community (AEC) blueprint 2025 and follows RHTLaw Taylor Wessing's alliance with PBC Partners in early 2014, when they formed PBC Partners & RHT Law. 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 acquisitions, real estate, energy, hospitality and construction. Said Tan Chong Huat, RHTLaw Taylor Wessing's managing partner: "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." He noted that 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," said Mr Tan. RHTLaw Taylor Wessing Vietnam will be led by managing partner Tran Thanh Hai and senior partner Benjamin Yap. Mr Hai has over 20 years of legal experience and is well-regarded in the areas of mergers and acquisitions, banking and finance, telecommunications, among others. Mr Yap, a Vietnam-registered foreign lawyer who has been called to the Singapore and English Bar, has extensive experience in corporate and commercial transactions. He has more than 20 years of experience handling cases in the areas including mergers and acquisitions, real estate and corporate compliance. The law firm said that partners from the Singapore office will be seconded to Vietnam and vice versa, in the months ahead - a move aimed to boost knowledge transfer and capacity building. The latest venture in Vietnam is part of 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.
June 27, 2016

RHTLaw Taylor Wessing Managing Partner Tan Chong Huat shared his views on “Welcome to the internet of money” in this week’s Views from the Top

RHTLaw Taylor Wessing’s Managing Partner Tan Chong Huat shared his views in this week’s topic in the Business Times’ weekly column, Views from the Top. This article was first published in The Business Times on 27 June 2016. Welcome to the internet of money JUN 27, 2016 5:50 AM THIS WEEK'S TOPIC: How do you think fintech innovations can potentially impact your business, and your life? Tan Chong Huat Managing Partner RHT Law Taylor Wessing  LLP AS a global financial node with high number of technology users, Singapore is already on the global radar as a major international fintech hub. It is therefore not surprising that fintech's disruptive potential has been in sharp focus here. Fintech promises the delivery of more efficient, customer-centric and transparent financial services. Fintech platforms are also more nimble, able to adapt and customise the delivery of services quickly. Fintech platforms, must, however, not forget the "fin" in fintech - they are delivering financial services and will succeed only if they have a robust governance, risk management and regulatory compliance framework.
June 22, 2016

RHTLaw Taylor Wessing congratulates Taylor Wessing UK on its move into East London

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.
June 20, 2016

RHTLaw Taylor Wessing Head of Capital Markets Ch’ng Li-Ling quoted in The Edge Singapore article titled “Crowdfunders respond to new MAS rules, want more done for investor protection”

RHTLaw Taylor Wessing Head of Capital Markets Ch’ng Li-Ling was quoted in The Edge Singapore article titled “Crowdfunders respond to new MAS rules, want more done for investor protection”. The article discussed how the new regulations announced by the Monetary Authority of Singapore (MAS) on June 8 seemed to be surprisingly welcomed by local crowdfunding platforms as “the new regulations are drivers to safeguard the industry…”. Research by The Edge Singapore also revealed that several of the newest crowdfunding platforms are not deterred by the prospect of more regulation but are in fact already preparing to apply for a Capital Markets Services (CMS) licence. MAS has made it easier for these companies to secure a licence by lowering the base capital requirement from S$250,000 to S$50,000 and removing the security deposit requirement of S$100,000. Li-Ling gave her opinion that the new regulations put crowdfunding platforms under the oversight of the regulatory body (MAS) and give investors more protection. The full article dated Monday 20 June 2016, can be found in The Edge Singapore.