August 3, 2012

RHTLaw Taylor Wessing congratulates RHT Corporate Advisory on securing retainer mandate for Weiye Holdings Limited

RHTLaw Taylor Wessing congratulates RHT Corporate Advisory on her appointment as the corporate secretarial agent by Weiye Holdings Limited ("Weiye"), a Mainboard Listed Company with effect from 24 July 2012. Weiye crossed a significant milestone in its history when they successfully made a reverse takeover of Kyodo-Allied Industries Ltd and was officially listed on the Mainboard of the Singapore Exchange on 16 August 2011. With a newly-appointed Board of Directors, Weiye continued to retain Kyodo-Allied’s existing clean room equipment business while pursuing further growth in the real estate markets of Henan and Hainan Provinces in the PRC.   With a strong track record of more than 10 years in property development, Weiye is one of the leading developers of premium residential and commercial properties in Henan Province, the PRC, specialising in developing large-scale and multi-phased projects. The Group has expanded into Hainan Province, the PRC, after the PRC Government announced development plans to promote Hainan as an international tourism island. As at 31 December 2011, the Group has completed 8 property development projects with a total Gross Floor Area (GFA) of more than 407,000 sq m in Henan Province, and it has 7 properties under development with an aggregate GFA of more than 1.3 million sq m in Henan and Hainan Provinces. RHTLaw Taylor Wessing’s Corporate and Securities Partner, Ms Ch’ng Li Ling and Ms Shirley Tan are the named Company Secretaries for Weiye.
August 1, 2012

Shades of Grey: A Political Memoir of Modern Indonesia by Mr Jusuf Wanandi

RHTLaw Taylor Wessing LLP was the proud sponsor and co-organiser of the launch of Mr Jusuf Wanandi’s book, “Shades of Grey: A Political Memoir of Modern Indonesia 1965-1998” at the Singapore Management University (“SMU”) on 31st July 2011. Mr Wanandi, a lawyer by training, is the co-founder of the Centre for Strategic & International Studies, the President Director of the Jakarta Post and Chairman of Prasetiya Mulya Business School, amongst his many other responsibilities and notable appointments. Drawing on Mr Wanandi’s lifelong experience and behind–the–scenes knowledge, “Shades of Grey” illuminates some of the most dramatic and least understood elements of modern Indonesian history. The Guest of Honour, Mr S.R. Nathan, the 6th President of the Republic of Singapore, officiated the launch of the book. The book launch was attended by over 60 distinguished guests, including the Dean of the SMU School of Social Sciences, Professor James Tang, the Dean of the S. Rajaratnam School of International Studies, Ambassador Barry Desker, and H.E. Andri Hadi, Ambassador, Embassy of the Republic of Indonesia. Members of the Firm’s Indonesia Practice Group coordinated the event. We congratulate Mr Jusuf Wanandi for the successful launch of his book.
July 20, 2012

Partner awarded the SAFRA Commendation Award and Long Service Award

RHTLaw Taylor Wessing congratulates Corporate and Securities Partner Azman Jaafar, who was presented the Commendation Award and Long Service Award by Minister of State for Defence and Education Mr Lawrence Wong at the recent 12th SAFRA Awards ceremony held on 19 July 2012. The awards are presented in recognition of his service and contribution to SAFRA for the past 10 years. He is currently the Chairman of the Executive Committee of SAFRA Jurong Clubhouse and is a Member of the SAFRA Management Committee. He also serves as a Member of the SAFRA 40th Anniversary Celebrations Organising Committee, on top of his existing tenure in various committees.
July 10, 2012

Impact of Competition Law on businesses

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. In response to the queries as to how important is the knowledge of competition law to the way your organisation does business, and what should the role of the Board and/or CEO be in competition compliance, and what other key elements should a competition compliance programme include, he is quoted saying: “The original legislative intent behind theCompetition Law in Singapore was to create a level playing field in all affected sectors of industry, to stop organisations from engaging in cartel-like behaviour or to exert unhealthy dominance in any particular industry. A robust and efficiently enforced competition law will facilitate the healthy growth and development of businesses, and can only benefit consumers in the long run. Furthermore, if Singaporean organisations develop a reputation internationally of not engaging in anti-competitive behaviour, then this will stand them in good stead when they go overseas. Prudent companies, who recognise the benefits of compliance with competition law, should establish their own competition compliance programs. Amongst other things, having a keen knowledge of competition law will enable them to: Raise awareness of and be educated in anti-competitive behaviour; Detect anti-competitive behaviour early; Reduce the risk of liability; and Prepare them when they encounter equivalent regulatory requirements overseas.” The Firm’s Competition Law Practice Group is led by Intellectual Property & Technology Partner, Mr Wun Rizwi.