October 10, 2016

RHTLaw Taylor Wessing Head of Regulatory Practice Nizam Ismail quoted in The Wall Street Journal

RHTLaw Taylor Wessing Head of Regulatory Practice Nizam Ismail was quoted in The Wall Street Journal article titled “Indonesia’s Tax Amnesty Casts New Shadow on Singapore”. The article makes reference to Indonesia’s tax amnesty that highlights the challenge of Singapore to expand its private banking business while still safeguarding its reputation of good governance. In view of the 1Malaysia Development Bhd. financial scandal in Malaysia where misappropriated funds flowed through Singapore’s banking system, The Monetary Authority of Singapore has commented that the case has created “a dent in our reputation as a clean and trusted financial centre”. The Singapore authorities has since responded with increased efforts to proactively target such cases and to further strengthen the country’s anti-money laundering efforts. However, as the Singapore financial system increases its reliance on private wealth, more of such cases could possibly unfold. Nizam contributed that this would be an occupational hazard of major financial centres. The full article can be found in the “Markets” section of The Wall Street Journal dated Monday 3 October 2016.
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.
October 7, 2016

RHT Rajan Menon Foundation is proud to be title sponsor of the Singapore Red Cross Charity Golf 2016

The Singapore Red Cross - RHT Rajan Menon Foundation Charity Golf 2016 held on 4 October 2016 at Orchid Country Club raised close to S$170,000 in support of the Singapore Red Cross (SRC) local humanitarian services. Dr Amy Khor was the Guest-of-Honour and the event was attended by more than 100 clients and industry leaders.   Prior to the event, the team from RHT Rajan Menon Foundation (RHT RMF) volunteered our time at the Red Cross Home for the Disabled where we had meaningful interactions with the residents. The Home is one out of four Homes in Singapore catering to the severely disabled.    Funds raised will go towards SRC’s local initiatives listed below:   •    Red Cross Home for the Disabled •    TransportAid •    FoodAid •    Community-Led Action for Resilience (C.L.A.R.E.)    SRC and RHT RMF are grateful for the support from our donors and sponsors.
October 4, 2016

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

RHTLaw Taylor Wessing’s Managing Partner, Tan Chong Huat, was quoted in The Straits Times article titled “Genuine interest needed to last in community practice". The article was first published in The Straits Times on 4 October 2016.  Genuine interest needed to last in community practice Source: The Straits Times © Singapore Press Holdings Ltd Date: 4 October 2016 Author: Amelia Teng Ms Charlotte Lee knows first-hand what it is like to go through a divorce and not be able to afford a lawyer, after her own experience about nine years ago. The 42-year-old, who had been married for eight years, said: "It was a challenging time for me. I had just left my job at the navy, and was having financial difficulties. "So I understand the challenges that people face in divorce." She eventually engaged a pro bono lawyer, and she is grateful. She hopes to be a family lawyer and is starting the Juris Doctor law course at SIM University next year. She now manages and trains volunteers at the Lions Befrienders Service Association. Her psychology degree from Edith Cowan University, a private institution, also spurred her interest in the social service sector. "It made me interested in the mindset of humans. I also like watching television documentaries about crime and psychology," said Ms Lee. "I don't see lawyers as glamorous. My impression is that law is hard work and stressful," she said. "But I don't feel daunted by this maybe because of the experience I have." Ms Faith Tan, 27, a paralegal starting the Bachelor of Laws course next year, said: "I know family law is not as glamorous - you can't say you close $50-million deals. "But there are other parts of a job that make it meaningful, like being able to help people during the hardest parts of their lives." Ms Tan has a law and management diploma from Temasek Polytechnic. The shortage of community law practitioners means that there is enough work for aspiring lawyers like Ms Lee and Ms Tan, said Mr Tan Chong Huat, managing partner of RHTLaw Taylor Wessing. Mr Koh Tien Hua, co-head of the matrimonial and family law practice at Harry Elias Partnership LLP, added that more marriages are breaking down, and crime still exists in Singapore. Yet the reasons for the lower pay - fresh family lawyers could earn $1,000 to $2,000 less than their corporate counterparts - in these fields are fairly obvious, said legal practitioners like Mr Lim Chong Boon and Mr Rajan Chettiar. Companies have deeper pockets than those needing criminal help, while firms which specialise in community law tend to be the smaller ones, and cannot afford the pay given by the bigger firms. Veteran criminal lawyer Amolat Singh said community lawyers "must be in it for the passion" as "the monetary rewards are comparatively not as attractive or even commensurate with the long hours and the hard work". Mr Chettiar added that young lawyers must manage their expectations: "There is no glamour in law practice, just grit."