October 17, 2016

RHTLaw Taylor Wessing Managing Partner Tan Chong Huat shared his views on “A global pushback” 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 17 October 2016. A global pushback OCT 17, 20165:50 AM THIS WEEK'S TOPIC: What would be the impact on business of a growing backlash against globalisation in the major economies? How should policymakers respond? Tan Chong Huat Managing Partner RHTLaw Taylor Wessing LLP EXPANDED global trade has raised incomes around the world. Unfortunately, as the Brexit vote demonstrated, the backlash against globalisation is real. It is increasingly clear that policymakers have underestimated the rise of nationalism and the sentiment of having been left behind felt by sections of society. Policymakers need to help workers affected by globalisation to retrain and get back into the labour force quickly. Economies like Singapore need to remain open and embrace globalisation. This is the only way to create jobs and raise incomes. For example, Singaporean businesses must press on in the Asean markets. At RHTLaw Taylor Wessing and the RHT Group of companies, we are actively growing our external wing through our Asean Plus initiative. This is evidenced by the recent launch of RHTLaw Taylor Wessing Vietnam.
October 17, 2016

RHTLaw Taylor Wessing Managing Partner Tan Chong Huat featured in The Straits Times

RHTLaw Taylor Wessing’s Managing Partner, Tan Chong Huat, was quoted in The Straits Times article titled “Law firm makes a case for branching out". The article was first published in The Straits Times on 17 October 2016.  Law firm makes a case for branching out Source: The Straits Times © Singapore Press Holdings Ltd Date: 17 October 2016 Author: Lee Xin En Local law firm RHTLaw Taylor Wessing has no intention of letting the Big Four accounting firms take a slice of Singapore's lucrative legal sector without a fight. PwC Singapore announced last month that it is hiring senior lawyers from top law firms here, while another Big Four firm, Deloitte, told The Straits Times last month that it is considering launching its own law firm. This is part of a global trend of accounting firms making forays into the legal business. Mr Tan Chong Huat, one of the founders of RHTLaw Taylor Wessing, says the firm is "built for the future" as it provides a suite of professional services, including forensics and data analytics. The firm has lifted staff numbers from 45 in the early days to 110 now. Mr Tan warned that Singapore law firms would be seriously challenged if the Big Four's "multi-disciplinary practices", comprising legal, accounting, restructuring and tax advisory services, arrive in Singapore in a "short and sudden" fashion. Mr Tan added that his firm had prepared itself for such high-level competition when it set up shop five years ago. RHTLaw started first but, the founders established a group of companies under the name RHT Holdings a year later. These include RHT Capital, which helps Catalist-listed companies with compliance, and RHT Corporate Advisory, a provider of corporate secretarial and governance advisory services. The RHT group now offers a wide range of services, including media and communications, as well as event-organising solutions. Mr Tan said RHT went beyond being a law firm because "in every business transaction, it's more than legal services that are needed". The strategy has paid off handsomely for the firm, which beat accounting companies to win an Accounting and Corporate Regulatory Authority project by leveraging on its analytics and compliance capabilities. But Mr Tan admitted that the journey to becoming an unconventional law firm was not easy. "As lawyers, your first and foremost instinct is to continue with the law practice. We took a long time to branch out.One of our concerns was the confusion in identity and branding." Luckily, the company, which celebrates its fifth anniversary today, is not resting on its laurels. It has strengthened its legal capabilities by hiring a team of former top police officers, enhancing its dispute resolution and litigation capabilities. This month, its strategic advisory arm formed a global alliance to expand its mergers and acquisition practice, while its capital arm received in-principle approval to be upgraded to a full listing sponsor. The company is counting on its strong Asian credentials to battle the big boys. It formed the Asean Plus group of 11 top Asian law firms in 2014. The firms share resources and aim to give clients integrated legal services. "When clients need us for cross-border transactions, our strong local knowledge means that we can quickly localise industry standards and execute the transaction because we are in a local jurisdiction," Mr Tan said. Asian expansion will be a priority of the firm. It aims to be in all major Asian markets by next year, and will pursue mergers in Indochina and Indonesia, he added.
October 11, 2016

RHTLaw Taylor Wessing Deputy Managing Partner Azman Jaafar quoted in PR Newswire Asia

RHTLaw Taylor Wessing’s Deputy Managing Partner, Azman Jaafar, was quoted in PR Newswire Asia article titled “ICONZ-Webvisions Announces DR Support for Azure.” The article was first published in PR Newswire Asia on 11 October 2016.  ICONZ-Webvisions Announces DR Support for Azure Enterprises can now tap on Microsoft Azure as a disaster recovery site Source: ICONZ-Webvisions Pte Ltd © PR Newswire Date: 11 October 2016 SINGAPORE, Oct. 11, 2016 /PRNewswire/ -- ICONZ-Webvisions (iWV), a leading Cloud and Managed Services provider, has announced the availability of Microsoft Azure as a disaster recovery (DR) platform for its DR-as-a-Service (DRaaS) customers. Powered by Zerto, a pioneer in the field of 'IT Resilience' that provides continuous availability and disaster recovery software solutions, the support for DRaaS to Azure will enable enterprise-class DR to the cloud with cost effective use of cloud economies of scale, while removing the overheads of having to manage and provision DR sites altogether. "The support for Amazon Web Services, and now Microsoft Azure, in our DRaaS offering builds on the continuing trend of businesses looking to utilise the cloud as a disaster recovery site," said Mr Albert Wong, Group CEO of iWV. "Our customers will be able to replicate and recover files and virtual machines simultaneously from both cloud services, with Recovery Point Objectives (RPOs) in seconds and Recovery Time Objectives (RTOs) in minutes," he added. The new DRaaS to Azure feature is part of Zerto's Virtual Replication 5.0 software that was announced just last month. "Zerto has transformed the way organisations think about their overall IT strategies to improve their IT resiliency," says Andrew Martin, Director, APAC & Japan, Zerto Ltd. "We have changed the business continuity and DR space, by not only redefining its true business role, but making it easy for cloud service providers such as iWV to offer unparalleled DRaaS capabilities to its clients," he added. With DR, it's business as usual As Singapore gears up to become the world's first Smart Nation, growing concerns over cyber security are inevitable as more enterprises deploy sensor networks, Internet of Things (IoT) devices and mobility solutions, which can increase the number of endpoints for perpetrators to launch cyber attacks. In the event of a cyber incident, or a disaster like a flood or fire, organisations must make sure that they can restore business operations as quickly as possible, especially for those in regulated industries with strict compliance laws. However, many are still struggling with coming up with a DR plan. According to the 2014 Disaster Recovery Preparedness Benchmark Survey conducted by The Disaster Recovery Preparedness Council, 75% organisations worldwide have failed to make the grade for disaster recovery preparedness, thus putting their business operations at risk by not being able to recover IT systems in the event of a disaster. This does not bode well for modern enterprises that depend on IT to power their businesses. In addressing such gaps, organisations can turn to iWV DRaaS to quickly restore business applications and data through several layers of protection, ranging from simple backup restore to near synchronous replication. iWVs' DRaaS offering also takes enterprises through an Assessment and Planning process to ascertain their current DR status before making recommendations tailored to their business requirements, such as RTOs and RPOs. Additionally, enterprises can take advantage of the 40-seat DR room available at iWVs' premises where they can relocate to following a disaster -- an integral part of any DR plan. One organisation that has leveraged iWV's DRaaS is Singapore legal services firm RHTLaw Taylor Wessing. The firm, which runs most of its IT operations in-house, is aware of the ever-present possibility of system failure or events such as flash fires which could destroy critical systems in its server room. It turned to iWVs' DRaaS to rapidly restore its business applications and data by falling over to a dedicated virtualised environment according to its DR requirements. "We have to look at the entire picture -- the pervasiveness of our IT infrastructure and how we handle our work every day. If the system is down for three days, and if within these three days you have a closing and you cannot close because all your documents are locked up, what are you going to say? It is unimaginable. There is a certain amount of pain that we are trying to avoid," said Deputy Managing Partner Azman Jaafar. At Cloud Expo Asia, the region's largest gathering of the top cloud expertise held from October 12 to 13, iWV will be showcasing a range of security, backup and DR solutions for enterprises. Attendees can look forward to a promotional bundle that includes a one-month free trial on iWV DRaaS and DR Room worth up to $5,500. For more details, visit iWV at stand O19 or email marketing@iwv.email.
October 10, 2016

RHTLaw Taylor Wessing Managing Partner Tan Chong Huat shared his views on “In the driver’s seat” 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 10 October 2016. In the driver's seat OCT 10, 2016 5:50 AM THIS WEEK'S TOPIC: What does it take to be a C-suite executive in Singapore? Tan Chong Huat Managing Partner RHTLaw Taylor Wessing LLP TO become a great corporate leader means taking stock of who you are - all your strengths and weaknesses. I feel that one has to have three domain competencies. These are: Vocational competence - that is being really good in your chosen profession. Experience in and insight of the industry that you operate in. Having the requisite people skills to work with unique individuals to integrate their abilities into a team. Here at RHTLaw Taylor Wessing and the RHT Group of Companies, we prepare our leaders for the realities of today and the unknown possibilities of tomorrow through our customised leadership programmes conducted by RHT Human Capital Institute.