Organised by the Singapore China Chamber of Commerce and Industry (SCCCI), RHTLaw Taylor Wessing together with Taylor Wessing sponsored the annual Singapore Investment Seminars in China 2015 event. Various local governmental authorities in China partnered the event with the purpose of introducing Singapore and the regional markets to the audience and also promoting the region as a business hub.
There were four seminars that took place and they were held in Suzhou, Kunming, Jinan and Shanghai in April, June, August and November respectively. RHTLaw Taylor Wessing’s Partner Amanda Chen and Legal Manager Ian Li presented on foreign investment laws and regulations in Singapore as well as shared their experiences on cross-border transactions within the region. The attendees comprised large sized state owned entities and private companies which have existing investments or are interested in investing in Singapore and the region.
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 9 November 2015.
Better health care for all
NOV 9, 2015 5:50 AM
THIS WEEK'S TOPIC: What are the hallmarks of a good healthcare system? How else, if at all, might Singapore's MediShield Life scheme be tweaked to ensure healthcare costs remain affordable for an ageing population?
Tan Chong Huat
RHT Law Taylor Wessing LLP
A GOOD healthcare system delivers quality health services to all the people. Although Singapore's healthcare expenditure is lower than other developed countries', our system was ranked sixth by the World Health Organisation in 2000 and ranked the most efficient by Bloomberg in 2014. The challenge ahead is finding ways to keep healthcare costs affordable as our population ages.
In our insurance practice's view, there are three ways to do this. Firstly, we note that a majority of employers provide healthcare benefits which overlap with MediShield Life. The integration of the two types of plans will save unnecessary costs. Secondly, the inculcation of a healthy lifestyle is important as prevention is better (and cheaper) as opposed to a cure. Finally and perhaps the most difficult, managing the healthcare providers' costs in terms of unnecessary treatment, costly tests and expensive medicine. Inflated claims have always been the bane of the insurance industry.
RHTLaw Taylor Wessing launched its Financial Crime and Compliance (FCC) Practice yesterday, 4 November 2015, at the Suntec Convention and Exhibition Centre. The launch was held in tandem with the inaugural Financial Crime and Compliance Symposium which attracted a crowd of more than 180 people.
The full-day conference began with a welcome address by RHTLaw Taylor Wessing Senior Partner Rajan Menon, followed by a keynote speech by Guest-of-Honour Associate Professor Ho Peng Kee, Associate Professorial fellow at National University of Singapore and former Senior Minister of State in the Ministry of Law and the Ministry of Home Affairs for Singapore.
Panel discussions comprising distinguished legal and industry experts from Singapore, Malaysia, Indonesia, China and United Kingdom followed after. Some of the esteemed speakers included:
1. Professor Walter Woon, Chairman of RHTLaw Taylor Wessing
2. Nizam Ismail, Partner of RHTLaw Taylor Wessing
3. Chua Eng Hui, Partner of RHTLaw Taylor Wessing
4. Conrad Campos, Partner of RHTLaw Taylor Wessing
5. Nandakumar Renganathan, Partner of RHTLaw Taylor Wessing
6. Mark Jacobsen, Senior Foreign Counsel of RHTLaw Taylor Wessing
7. Reuben P., Director of RHT Compliance Solutions
8. Chionh Chye Kit, Managing Director & Chief Operating Officer of Cynopsis Solutions
9. Sartono S.H. M.H., Partner of Hanafiah Ponggawa & Partners
10. Mike Goldammer, Partner of Taylor Wessing China
11. Tim Stong, Partner of Taylor Wessing London
12. Keith Kok, Digital Strategy Director of RHT Digital & Media
13. Tan Swee Wan, Direct of Forensic & Litigation Support of Nexia TS Risk Advisory Pte. Ltd.
The FCC team can assist in the following areas:
- Governance, Risk and Compliance Solutions
- Money Laundering & Proceeds of Crime
- Anti-bribery & Corruption
- Cyber Security & Data Breaches
- Crisis & Reputation Management
- Corporate & Regulatory Investigations
- Fraud & Asset Tracing
- Defending Prosecutions & Regulatory Enforcement Actions
For more information, please click here.
RHTLaw Taylor Wessing was invited to participate in a global study conducted by Harvard Business School, the UN Global Compact and the American Bar Association’s (ABA) Sustainable Development Task Force. Managing Partner Tan Chong Huat, Partner Ch’ng Li-Ling, Senior Legal Counsel Dr Tan Lay Hong and General Counsel Alvin Chen provided valuable input in drafting the legal memo that was submitted pro bono for the study. This is a significant project which also involved the participation of our ASEAN Plus Group law firms, Hanafiah Ponggawa & Partners (Indonesia) and Azmi & Associates (Malaysia).
Professor Robert G. Eccles and Tim Youmans of Harvard Business School led the study by gathering legal perspectives from law firms globally on the fiduciary duties of Directors with respect to protecting shareholder and corporate value. The purpose of this campaign is to urge companies to have their board of directors issue an annual “Statement of Significant Audiences and Materiality”, with a key goal of supporting integrated reporting and the move towards a more sustainable society.
The memos are available for viewing on the ABA Sustainability Development Task Force website.