July 26, 2016

RHTLaw Taylor Wessing congratulates our client, Putien for being awarded one star in the Michelin Guide Singapore 2016

RHTLaw Taylor Wessing congratulates our client, Putien for being awarded one star in the Michelin Guide Singapore 2016 for their Kitchener Road branch. We are proud to serve a Michelin star restaurant in Singapore. Rizwi Wun, Partner in our Intellectual Property & Technology Practice, is the client partner for Putien.
July 21, 2016

RHTLaw Taylor Wessing Head of Regulatory Practice Nizam Ismail quoted in Bloomberg and The Independent (UK)

RHTLaw Taylor Wessing Head of Regulatory Practice Nizam Ismail was quoted in  Bloomberg and The Independent (UK). The report spoke about the move by the Monetary Authority of Singapore (MAS) to take action against four banks for serious lapses in their anti-money laundering controls. MAS preliminary findings uncovered “instances of control failings” in UBS Group AG’s Singapore branch, Standard Chartered Plc’s local unit and DBS Group Holdings Ltd., as well as “substantial breaches” of anti-money laundering regulations at Falcon Private Bank Ltd.  Nizam’s comment on Bloomberg “These enforcement actions by enforcement authorities and regulators in the US and Singapore relating to the seizure of assets relating to 1MDB are, in all probability, coordinated internationally, showing a common front to fight laundering of proceeds of crime.” Nizam’s comment on The Independent (UK) “The law enforcement agency or regulators can only seize assets when there’s suspicion of an offence, meaning that the investigation has probably crystallised and they have identified some culpability.” Allegations that billions of dollars have been improperly siphoned out of 1MDB has led to investigations across the globe – spanning from Abu Dhabi, Switzerland, and the Caribbean to Hong Kong and the United States. Nizam’s full features can be found in the following news reports: “UBS, Standard Chartered Targeted by Singapore for 1MDB Lapses” Bloomberg, 21st July 2016 “Standard Chartered and UBS assets seized in Singapore fraud case after ‘control failings’”, The Independent (UK), 21st July 2016
July 12, 2016

Family & Matrimonial Partner Michelle Woodworth quoted in The Straits Times

RHTLaw Taylor Wessing’s Family & Matrimonial Partner Michelle Woodworth was quoted in The Straits Times article titled “Those in matrimonial spats 'may take court orders more seriously'”. The article was first published in The Straits Times on 12 July 2016. Those in matrimonial spats 'may take court orders more seriously' Welcoming the proposed statute on contempt of court, family lawyers said it will have a positive impact for those caught in matrimonial disputes with a tardy ex. Source: The Straits Times © Singapore Press Holdings Ltd. Date: 12 July 2016 Author: Selina Lum After a divorce, it is common for parties to flout court orders when it comes to payment of maintenance, access to children and issues relating to matrimonial assets. Lawyers interviewed said that having a consolidated piece of written law that sets out the consequences of disobeying court orders will make more people sit up and take court orders more seriously. RHTLaw Taylor Wessing partner Michelle Woodworth described legislating contempt of court as a "progressive evolution". She said: "Codifying the law sends a clear signal that disobedience of court orders and interference with the administration of justice won't be tolerated." Ms Malathi Das, director at Joyce A. Tan & Partners, said that while the proposed law provides a clearer framework on what steps can be taken and how, it "doesn't really add anything to already-existing remedies" for maintenance enforcement. In other words, the courts have always had the power to hand down jail terms and fines for disobedience of court orders. But Harry Elias Partnership partner Ivan Cheong said that with the new Bill, there is greater clarity and it would instil greater confidence in clients that the orders may be effectively enforced. "Increased confidence in the judicial system and the ability to enforce these orders effectively also make clients feel they are not just getting a 'paper' order." Mr Amolat Singh of Amolat & Partners said that having a "one-stop" piece of legislation that "distils the wisdom" of hundreds of thousands of court judgments and setting out the prescribed punishments will let people know upfront the consequences of non-compliance. Ms Sharanjit Kaur, a partner at Withers KhattarWong, said some parties may take orders and judgments in family disputes lightly, and taking out proceedings to enforce those orders can be a time- consuming, stressful and sometimes expensive process. She cited an example of a woman who was ordered to sell the matrimonial home in six months. The woman, who remarried and continued to live in the property with her second husband, made things difficult for her former husband, who was taking steps to sell the property. Three years after the order was made, the property has yet to be sold. Lawyers said the courts are generally cautious when it comes to punishing parties for contempt in matrimonial disputes. Mr Singh noted that in some cases, access orders are breached as the children themselves do not want to see their parents. "The courts will still take everything into consideration before they send a person off to jail."
July 11, 2016

RHTLaw Taylor Wessing congratulates RHT i-Assets Advisory CEO for being named among the world’s leading Intellectual Property strategists

RHT i-Assets Advisory (“RHT i-Assets”), a full service Intellectual Property advisory and a subsidiary of RHT Holdings, announced that its Chief Executive Officer, Dr Jasmine Kway, has once again been named among the world’s leading Intellectual Property (IP) strategists in the 2016 edition of IAM Strategy 300 — The World’s Leading IP Strategists. Published annually by Intellectual Asset Management (IAM), the guide recognises IP professionals from around the world for their best-in-class expertise that maximise the value of their clients’ IP portfolios. As a one-stop IP practice, RHT i-Assets works closely with companies and public institutions throughout their IP value chain, from creation to commercialisation and monetisation. Helmed by senior industry experts, the practice assists companies in Singapore and the region to commercialise their technology to entrench their market position. RHT i-Assets is a subsidiary of RHT Holdings, a leading professional services firm in Asia. This year marks the fourth consecutive year that Jasmine has been named to the IAM Strategy 300. With her depth of experience formulating and implementing national IP policies and driving corporate IP strategies, Jasmine has advised and helped her clients derive maximum economic value from their IP rights. “I am thankful and encouraged to be recognised and included once again in the IAM Strategy 300,” Dr Jasmine Kway commented.  “It is an honour to be amongst the world’s pre-eminent IP strategists. With IP increasingly being viewed as a business asset of fundamental importance, more companies are seeking out strategists who can rightly identify and advise them on the opportunities that their IP presents. Most importantly, companies are also seeking strategists who are able to help them monetise their IP assets in new markets and new applications,” she added. "The IP market is becoming increasingly international, with companies across the world now focusing on creating maximum value from the assets that they own. That makes IP strategists more important than they have ever been before,"IAM editor Joff Wild noted. The IAM research team spoke to a wide range of senior corporate IP managers in North America, Europe and Asia, as well as third-party IP service providers, in order to identify IP professionals whose strategies enabled IP owners to gain maximum value from their portfolios. Only those individuals nominated multiple times by different parties as outstanding IP strategists are listed in the IAM Strategy 300. The IAM Strategy 300 is available in printed format and online at www.IAM-media.com/strategy300.