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
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.
RHTLaw Taylor Wessing LLP (“the Firm”), the sixth largest law firm in Singapore has boosted its presence in Hong Kong and Greater China following an official association with local firm H.M. Chan & Co in Hong Kong.
This association in Hong Kong is the latest addition to RHTLaw Taylor Wessing’s rapidly growing ASEAN Plus Group, a Pan-Asian grouping of leading legal firms. By being an integral part of ASEAN Plus Group, H.M. Chan & Co opens up unprecedented opportunities for cross-border collaboration between Hong Kong / Greater China and the rest of the Pan-Asian offices in the ASEAN Plus grouping which was launched in 2014. Launching a new office in Hong Kong is part of a series of strategic growth initiatives the firm has planned to bolster presence across ASEAN and North Asia.
Today’s association with H.M. Chan & Co also adds Hong Kong and Greater China capabilities to the network’s increasing bench strength and reach across the whole of Asia. This latest association with H.M. Chan & Co comes soon after RHTLaw Taylor Wessing’s successful merger with PBC Partners & RHTLaw on 30 June 2016 to form RHTLaw Taylor Wessing Vietnam. The months ahead will also see Partners from the Singapore office being seconded to Hong Kong and vice versa, a move aimed to boost knowledge transfer and capacity building. The industry areas that will see secondments include:
Banking & Finance
Intellectual Property and Technology
Through the association, RHTLaw Taylor Wessing and H.M. Chan & Co will continue to deliver corporate advisory work with a focus on assisting clients in multi-jurisdictional transactions, a core competence of the team.
Commenting on the association, Tan Chong Huat, Managing Partner, RHTLaw Taylor Wessing said, “This is a very exciting move for our firms and draws on our combined and recognised strengths. We are very pleased to welcome H.M. Chan & Co into the Taylor Wessing and ASEAN+ network. With the growing volume of transactions flowing between Hong Kong and Singapore, RHTLaw Taylor Wessing sees exciting opportunities for both firms to serve the legal needs of international clients with strategic and business presence in Hong Kong and China. In addition, with this development, we are also now able to seamlessly serve clients in Singapore with a local Hong Kong and Greater China team. We will also be seconding our Partners to Hong Kong to boost our knowledge and capabilities. This is in line with our aim of helping our clients succeed. I am pleased that this development comes quickly after the successful launch of RHTLaw Taylor Wessing Vietnam.”
The new Hong Kong office further strengthens RHTLaw Taylor Wessing's already extensive capability across Asia, which comprises a network of more than 1050 lawyers in South East Asia operating through its ASEAN+ Group. Internationally, the firm has 33 offices, operating in 20 jurisdictions, across Europe, the Middle East and Asia, with representative offices in the US (Palo Alto and New York). The latest venture in Hong Kong is consistent with RHTLaw Taylor Wessing’s strategy to bolster its service offerings across the region. In the last few years, the Firm has forged strategic alliances with leading Indonesian law firm, Hanafiah Ponggawa and Partners, and South Korean firm DR & AJU, together with several other leading firms in Asia under the ASEAN Plus Group.
This story is featured in the following news reports:
"RHTLaw Taylor Wessing Adds Hong Kong Capabilities with Addition of Hong Kong Law Firm HM Chan & Co" - Yahoo Finance, 11 July 2016
"RHTLaw Taylor Wessing ties up with Hong Kong law firm" - The Edge Markets, 12 July 2016
"Taylor Wessing expands its reach to HK through HM Chan tie-up" - Asian Legal Business, 13 July 2016