RHTLaw Taylor Wessing Partner and Head of Regulatory Practice Nizam Ismail authored an article titled “The regulatory challenge” for the May 2016 edition of the International Financial Law Review (IFLR).
Nizam covered about the regulatory challenges fintech start-ups face in Southeast Asia as diverse jurisdictions have different legal traditions and regulatory developments in these jurisdictions.
In Singapore, the Monetary Authority of Singapore (MAS) announced in April this year of Singapore’s aggressive push to develop a FinTech ecosystem in Singapore. MAS has started a FinTech department and appointed a Chief FinTech officer. One good initiative by the MAS in promoting fintech is the regulatory sandbox. This allows for controlled experiments, where a start-up that requires licensing could get its proof of concept up, demonstrate a working platform (within limited confines of volumes and number of customers) fairly quickly, instead of going through the traditional licensing process.
To read the full IFLR article, please click here.
RHTLaw Taylor Wessing Managing Partner Tan Chong Huat was featured in The Business Times, The Edge Markets Singapore, Lianhe Zaobao, The Global Legal Post, The Lawyer, The Legal Business (UK) and Yahoo Finance.
All these articles covered details on RHTLaw Taylor Wessing merger with Vietnamese based law firm PBC PARTNERS & RHTLaw, to form RHTLaw Taylor Wessing Vietnam. 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.
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. Benjamin Yap, a Vietnam-registered foreign lawyer who is called to the Singapore and English Bar, has extensive experience in corporate and commercial transactions.
Chong Huat’s comments on the launch of the Vietnam office, "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."
Chong Huat’s full features can be found in the following news reports:
“RHTLaw Taylor Wessing merges with Vietnam law firm to deepen reach” – The Business Times, 30 June 2016
“RHTLaw Taylor Wessing expands into Vietnam” – The Edge Markets Singapore, 30 June 2016
“瑞信德泰乐律师事务所 与越”– Lianhe Zaobao, 1 July 2016
“RHTLaw Taylor Wessing merges with Vietnamese ally” – The Global Legal Post, 30 June 2016
“RHTLaw Taylor Wessing merges with Vietnamese ally” – The Lawyer, 30 June 2016
“Making it official: Taylor Wessing deepens Vietnam reach with local merger” – The Legal Business UK, 30 June 2016
“RHTLaw Taylor Wessing Deepens Integration with Vietnamese Firm, PBC PARTNERS” – Yahoo Finance, 30 June 2016