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 adds Hong Kong capabilities with addition of Hong Kong law firm H.M. Chan & Co

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 Regulatory Governance Private Wealth 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
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.
July 1, 2016

RHTLaw Taylor Wessing Partner Nizam Ismail authored an article on Fintech for the International Financial Law Review

RHTLaw Taylor Wessing Partner and Head of Regulatory Practice Nizam Ismail authored an article titled “The regulatory challenge” for the May 2016 edition of the International Financial Law Review (IFLR). Nizam covered about the regulatory challenges fintech start-ups face in Southeast Asia as diverse jurisdictions have different legal traditions and regulatory developments in these jurisdictions. In Singapore, the Monetary Authority of Singapore (MAS) announced in April this year of Singapore’s aggressive push to develop a FinTech ecosystem in Singapore. MAS has started a FinTech department and appointed a Chief FinTech officer. One good initiative by the MAS in promoting fintech is the regulatory sandbox. This allows for controlled experiments, where a start-up that requires licensing could get its proof of concept up, demonstrate a working platform (within limited confines of volumes and number of customers) fairly quickly, instead of going through the traditional licensing process. To read the full IFLR article, please click here.