November 7, 2016

RHTLaw Taylor Wessing Managing Partner Tan Chong Huat shared his views on “Robots and gigs: the future of work” 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 7 November 2016. Robots and gigs: the future of work NOV 7, 2016  5:50 AM THIS WEEK'S TOPIC: How will automation and the rise of the gig economy change the nature of work? Tan Chong Huat Managing Partner RHT Law Taylor Wessing  LLP MORE developed economies have leveraged the gig model longer than we can imagine. Technology, cost and attitudes are probably the biggest driver of the gig economy today. Technology has created sustainable revenue streams for freelancers. Uberisation of the economy will see more freelancers undertaking work traditionally done by employees. The rise of Artificial Intelligence (AI) is already changing the game. The gig economy reduces costs. The changing attitude of the younger workforce where flexibility is a priority is also changing the landscape. Employers are attracted to the gig economy as freelancers do not have employee benefits. This has changed for UK Uber drivers but this trend will continue especially with shrinking margins. Change is inevitable and the gig economy is likely to stay its course in this market.
November 1, 2016

RHTLaw Taylor Wessing congratulates RHT Capital on attaining its Capital Market Services License as well as Catalist Full Sponsor status

RHT Capital launches into its new role from a position of strength with the attainment of the CMS license and Catalist Full Sponsor status. The team, clockwise from left: Leong Weng Tuck, Nicole Khoo, Zheng Yufeng, Nathaniel C.V., Darrell Su, Shervyn Essex, Mah How Soon, Khong Choun Mun. RHT Capital Pte. Ltd. (“RHT Capital” or “the Company”), an SGX-approved Continuing Sponsor to Catalist-listed companies, is pleased to announce that it has attained the Capital Market Services license from the Monetary Authority of Singapore (MAS) which authorises the Company to act as Issue Manager for SGX Mainboard Initial Public Offerings (IPOs) as well as Financial Advisor / Independent Financial Advisor for corporate actions undertaken by public listed companies such as mergers and acquisitions (M&As) and capital-raising exercises. Additionally, RHT Capital has also been granted the Catalist Full Sponsor status by the Singapore Exchange (SGX), granting it the authority to act as Full Sponsor to Catalist IPOs and Reverse Takeovers (RTOs)/Very Substantial Acquisitions (VSAs). As a Catalist Full Sponsor, RHT Capital will be able to conduct introduction activities in connection with preparing a listing applicant for admission to the Catalist board or advise an issuer on reverse takeovers. This is in addition to its current duties as a Continuing Sponsor, which includes supervising and advising issuers on compliance with their continuing listing obligations and other legal requirements. Launching from a Position of Strength “For the past 5 years, RHT Capital has been a Continuing Sponsor for a significant number of SGX Catalist listed companies. We have established a firm foundation of knowledge and processes to assist Catalist issuers navigate a wide range of corporate scenarios and transactions. With the attainment of the CMS license and the Catalist Full Sponsor status, we are launching into this new role from a position of strength, as we offer potential issuers a ready set of capabilities in dealing with the challenges and complexities of being a public company,” said Mr Jayaprakash Jagateesan, Chief Executive Officer, RHT Holdings Pte Ltd (“RHT Holdings”). In lockstep with today’s achievements, RHT Capital welcomes on board two industry veterans in Singapore’s corporate finance scene, Mr Khong Choun Mun as Chief Executive Officer and Mr Mah How Soon as Managing Director, who will both head up RHT Capital. Khong Choun Mun has more than 25 years of corporate finance and equity capital markets experience in both the local and regional equity markets as well as advising businesses on M&A. He has been involved in the advisory and underwriting of more than 100 IPOs and numerous secondary fund raising exercises for companies listed on both the SGX and regional stock exchanges. Mah How Soon has more than 16 years of transactional and management experience in corporate finance in international and local financial institutions, and boutique advisory firms. He has played a key role in advising companies from many industries and countries on a wide range of transactions relating to both equity capital markets, and mergers and acquisitions. “Beyond providing full sponsorship and corporate finance services to listed issuers, RHT Capital is unique amongst other licensed corporate finance firms, as we are an integral member of RHT Holdings, a leading multidisciplinary professional services group with an increasingly regional outlook and ambition,”  Mr Khong Choun Mun, Chief Executive Officer of RHT Capital remarked. RHT Capital is a subsidiary of RHT Holdings, a Singapore-headquartered leading professional services group that delivers multidisciplinary business solutions to clients. RHT Holdings’ range of services straddles corporate advisory, compliance, governance & risk advisory, intellectual property advisory, management services, in addition to RHT Capital’s role as a Continuing Sponsor to Catalist-listed companies. RHT Capital was founded almost 5 years ago and today, the Company advises around 20 listed issuers in the manufacturing, technology, energy and retail sectors. With the new addition, RHT Capital comprises a team of Registered Professionals who have vast experience in the capital markets, including initial public offering and secondary equity and debt fund raising, mergers and acquisitions, corporate actions, regulatory compliance and corporate governance. The team is well equipped to provide advice and guidance to potential issuers on their listings on either the Mainboard or the Catalist, and SGX listed companies on corporate transactions, continuing listing obligations, compliance with the laws and regulations, and corporate governance.
October 31, 2016

RHTLaw Taylor Wessing Managing Partner Tan Chong Huat shared his views on “Opportunities amid the downturn” 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 31 October 2016. Opportunities amid the downturn OCT 31, 2016 5:50 AM THIS WEEK'S TOPIC: What's the economic outlook for your business and industry? How is your firm responding to it? Tan Chong Huat Managing Partner RHTLaw Taylor Wessing LLP THE economic outlook for legal services and professional services is certainly challenging at this stage. However, having been through the Asian financial crisis, Sars, and global financial crisis, we know that only the fittest will survive when things go wrong with the economy. Here at RHTLaw Taylor Wessing and the RHT Group of Companies, we see this as an opportunity to invest and build on what our core strengths are so as to ride out the recession and grow aggressively when the economy turns around. We have strong fundamentals, with a commitment to providing clients with innovative multi-disciplinary solutions, embracing technology and developing our human resources to the fullest potential. There will be opportunities globally, in the Asean region and beyond, where we are well placed with the right network and corporate structures. More importantly, we have the imagination, courage and determination to embrace new ways of doing things. Instead of being disrupted, we are playing the disruptor role and constantly thinking without any box. I am confident that we shall achieve business success despite the difficult economic outlook.
October 27, 2016

RHTLaw Taylor Wessing Partner Napolean Koh featured in The New Paper

RHTLaw Taylor Wessing Partner Napolean Koh was featured in The New Paper article titled "He stabs himself over 8 times then stabs tenant too". The article was first published in The New Paper on 26 October 2016. He stabs himself over 8 times then stabs tenant too Unemployed man stabs himself, calls police, then threatens his three flatmates Source: SPH Digital News © Singapore Press Holdings Ltd. Date: 26 Oct 2016 Author: Shaffiq Alkhatib He called the police after attempting suicide by stabbing his chest and neck more than eight times with a knife. But in an apparent change of mind, Lay Chee Leong, 39, decided that police intervention was not needed any more. With blood flowing from his wounds, the unemployed man barged into a bedroom occupied by his parents' three tenants and told the terrified women not to open the door should police officers turn up. Lay, who has substance use disorder with symptoms of psychosis and depression, also threatened to blow up the flat if they disobeyed his orders. He told the three Chinese nationals: "Since I'm already like this, it does not matter if I kill another one or two." He then stabbed one of them, electronic component assembler Wang Aiyan, 27, in the neck when she made eye contact with him. Yesterday, Lay pleaded guilty in court to one count each of voluntarily causing grievous hurt and criminal intimidation. A second count of criminal intimidation and one count of attempting suicide will be taken into consideration during sentencing. Assistant Public Prosecutor (APP) Lim Yu Hui said Lay stabbed himself with the knife that had an 11cm-long blade in his parents' flat at Block 273, Yishun Street 22, at around 5.30am on March 23. He changed his mind after calling the police and entered the women's room after kicking the door several times. His mother, Madam Chia Mui Keow, 64, tried to stop him but he shouted at her and told her to return to her room. She did as she was told and called her younger brother, Mr Chia Ah Bah, 59, for help. While in the women's room, Lay ordered Ms Wang, Ms Liu Weina, 20, and Ms Li Hui, 35, to hand over their mobile phones, and they complied out of fear. APP Lim said: "He also threatened the victims and told them not to open the door for the police or he would detonate a bomb inside the flat. "He then directed the victims to clean up the blood stains which he had left on the floor of the room." When he saw a light flashing on Ms Wang's phone, he thought the women had alerted the police. He told the women that if they tried anything funny, he would fill the flat with gas and blow it up so they would all die together. EYE CONTACT Ms Wang nodded her head in response but when she made eye contact with him, Lay stabbed her on the left side of her neck before leaving the room. Mr Chia had arrived at the unit by then and saw his bloodied nephew holding the weapon. He took it away and tried to help him clean his wounds. The police arrived around 7.25am. Lay was taken to Changi General Hospital and discharged the same day, while Ms Wang was rushed to Khoo Teck Puat Hospital (KTPH). A medical report dated June 10 said her injuries were life-threatening and she was placed on medical leave for 92 days. Yesterday, APP Lim urged District Judge Low Wee Ping to sentence Lay to between three and 3½ years' jail. Stressing that the offences were serious, she said that Ms Wang now works in administration in her company as she is unable to carry heavy loads because of her injuries. She also draws a lower salary now compared with what she used to earn. She is still receiving treatment from KTPH, and has to pay for her own medical treatments such as CT scans. Lay had multiple superficial stab wounds on his neck and eight stab wounds on his chest. His lawyer, Mr Napolean Koh, pleaded for leniency and told the judge that his client should be referred to a prison psychiatrist while serving his sentence. The case has been adjourned for the prosecution to reconsider its sentencing options because of Lay's mental condition. He will be back in court on Dec 15. For voluntarily causing grievous hurt, he can be jailed up to 15 years and fined, or caned.