RHTLaw Taylor Wessing and RHT Compliance Solutions hosted the inaugural Islamic Finance Contemporary Challenges 2015 conference yesterday, 22 October 2015, at Suntec Singapore Convention & Exhibition Centre. The conference attracted an audience of more than 60 people.
The full-day programme began with welcome remarks by Ridzuan Abdul Aziz, co-founder of RHT Compliance Solutions Sdn. Bhd, followed by various panel discussions comprising distinguished legal, academic and banking and finance experts from Singapore, Malaysia, Indonesia and the United Kingdom. Some of the distinguished speakers included:
Nizam Ismail, Partner of RHTLaw Taylor Wessing and Co-Founder of RHT Compliance Solutions
Vernon Loh, Partner of RHTLaw Taylor Wessing
Ahmad Lutfi Abdull Mutalip, Managing Partner of Azmi & Associates
Chadri Jurnalis, Partner of Hanafiah Ponggawa & Partners
Habib Ullah, Partner and Head of Banking & Finance (Middle East) of Taylor Wessing
Mohamed Abdul Akbar bin Mohamed Abdul Kader, Vice President of the Singapore Malay Chamber of Commerce and Industry
Nazmi Camalxaman, Associate Director in Group Islamic Banking Division of CIMB Bank Singapore
Raja Mohamad, Founder of Five Pillars Pte Ltd and the Secretary of the Gulf Asia Shari’ah Compliant Investments Association (GASCIA)
Suhaimi Zainul-Abidin, Treasurer and Founding Member of GASCIA
Sani Hamid, Director (Economy & Market Strategy) of Financial Alliance
Professor Clement M. Henry, Visiting Research Professor of National University of Singapore
M. Nazri Muhd, Group CEO of Vector Scorecard (VSC) Group
Professor Madya Dr. Rusni binti Hassan, Shari’ah Advisory Council of Bank Negara Malaysia (Central Bank), Malaysia
Ustaz Mohd Nazri Chik, Chief Shari’ah Officer of Bank Islam Malaysia Berhad
Erly Witoyo, Founding Partner of Club Ethis
These experts kept the attendees absorbed with major and interesting Islamic Finance topics such as “Islamic Finance in Asia” and “FinTech in the Islamic Financial Landscape”.
RHTLaw Taylor Wessing’s Intellectual Property & Technology Partner Wun Rizwi and Senior Associate Jack Ow co-authored an opinion piece titled “End of safe-harbour deal: S’pore’s position” for The Business Times.
The article highlights the recent ground-breaking decision taken by the European Court of Justice (ECJ) that counter-surveillance measures in the US have made the EU-US safe-harbour agreement (“Safe Harbour Principles”) no longer a valid ground. This means that personal data transferred to the US is protected by measures not recognised as adequate under EU Data Protection Laws.
This is a reminder to organisations that it is not enough to simply rely on Safe Harbour Principles to comply with the Transfer Limitation Obligation (TLO) under Singapore’s Personal Data Protection Act 2012, and provides an opportunity for Singapore to clarify what is an acceptable standard for international data transfers from Singapore into the US.
The full article can be found in the 17 October 2015 edition of The Business Times’ Opinion section.
RHTLaw Taylor Wessing’s Deputy Head of Litigation & Dispute Resolution Practice, Nandakumar Renganathan, was quoted in The Straits Times article titled “Ivy Lee Realty fighting application to wind up firm”.
The article discusses the High Court case of realty firm, Ivy Lee Realty, averting an application by licensed moneylender MWA Capital, to wind up the company for failure to pay up its loan.
Representing MWA Capital, Nandakumar informed the Court that Ivy Lee Realty was unable to pay the judgment sum to MWA Capital. He added that the company has insufficient funds to pay the judgment sum.
This High Court case is due for another hearing at a later date.
The full article can be found on the 10 October 2015 edition of The Straits Times.
RHTLaw Taylor Wessing’s Family & Matrimonial Partner Michelle Woodworth was quoted in a TODAY article titled “Mediation ‘vital as more people turn to courts for family disputes’ ”. Michelle commented about how the introduction of child representatives in dispute cases give a voice to the children involved. Child representatives are appointed lawyers who look into the child’s best interests during court proceedings and make an objective assessment of the arrangements.
The increasing trend of seeking court intervention for family disputes has resulted in the Family Justice Courts implementation of child representatives in an aim to take a softer approach towards dispute resolution.
The full article can be found on the 2 October 2015 edition of TODAY.