Legal

Americas

Gpay raises Series A from KB Financial to expand its e-wallet platform in Vietnam

Gpay, a Vietnam-based e-wallet provider, has received an undisclosed amount in Series A funding from Korea-listed bank KB Financial Group. G-Group Technology Corporation, the parent of Gpay, also joined hands with KB Financial to launch a US$13-million fintech joint venture. As per a press note, the fresh funds will be used to expand its team […] The...

From professor to fintech entrepreneur: why David Chen of Atome decided to make the switch

With a PhD in Computer Science and a comfortable career as an Associate Professor at Singapore’s Nanyang Technological University, it would have been safe to assume David Chen would see out the remainder of his career in academia and groom the next generation of tech talent. However, he had other ideas. Having been awarded with […] The post...

Spacemob founder Turochas Fuad launches BNPL startup ‘Pace’ with a high 7-figure seed funding led by Vertex

Turochas “T” Fuad, a veteran entrepreneur and founder of co-working space provider Spacemob (acquired by WeWork in 2017), has launched a new venture in the fast-growing buy-now-pay-later (BNPL) space. Named ‘Pace Enterprise’, the fintech startup aims to bring in financial access and inclusion by facilitating extended buying limits to...

DarwinBox bags US$15M to expand its enterprise HR-tech platform in SEA

Darwinbox, an India-based enterprise HR tech platform, announced today it has closed a US$15 million funding round led by Salesforce Ventures. Existing investors Sequoia India and Lightspeed also participated in the round. As per a press note, the startup plans to utilise the new funds to accelerate its expansion in Southeast Asia by onboarding new...

2020 drained all my energy. Here’s what helped turn things around

A few friends asked me what my 2021 New Year’s resolutions were. I couldn’t give a proper answer. Still feeling 2020 drained all my energy. It didn’t feel like it would make any sense to have New Year’s resolutions. In an attempt to understand why I wasn’t all cheery about 2021, I looked back at […] The post 2020 drained all my energy....

Asia Pacific

After Fintech, Singapore eyes Legaltech status

Singapore, a haven for disruptive fintech firms, is aiming to shake up Asia's legal sector next The Lion City will host Southeast Asia's first legaltech accelerator from April. The city-state's initiative aims to groom legaltech startups as well as incubate new business models or services conceived by law firms. Singapore's law academy has launched...

China updates New Industry Catalogue

PRC reduces regulatory procedures for foreign investments following its 2016 reforms. China creates a nationally applicable “negative list” for foreign investment, which opens up more industries for multi-national companies.Foreign Investments Filing Administrative Rules will be updated and published soon by the Ministry of Commerce to clarify...

Proposals to make free movement of data a principle of EU law expected this autumn

Ansip said proposed new EU legislation to tackle unnecessary restrictions on where data can be stored are likely to be published this autumn.The proposals will also look to make it easier for businesses to move their data between rival cloud providers and ensure that public sector bodies can access data held by authorities in another EU country to help...

New advertising standards in the UK to take tougher stance on gender stereotypes

The new standards will be drawn up by the Committee of Advertising Practice (CAP), according to a new report on gender stereotypes in advertising (64-page / 5.4MB PDF) published by the Advertising Standards Authority (ASA), the watchdog that oversees compliance with UK advertising rules.The CAP will also look to "clarify standards that reflect the ASA‘s...

UK government urged to avoid data transfers 'cliff edge' at point of Brexit

In a new report, a House of Lords committee warned that trade and security could be impacted if the flow of data is disrupted at the point of Brexit.To enable data to flow between the UK and EU post-Brexit, the EU Home Affairs Sub-Committee urged the UK government to seek a so-called 'adequacy' decision from the European Commission, which would recognise...

Europe

67% of law firms say skills shortages threaten growth

Despite the ongoing environment of geopolitical uncertainty, UK law firms remain optimistic about their growth prospects. That’s according to new research from specialist recruiter, Clayton Legal , which reveals that 66% of firms are looking to increase headcount over the next twelve months to contend with increased demand for their services. The...

Seedrs launches programme for financial intermediaries following record breaking Q3

The programme introduces wealthy individuals to early stage equity deals on Seedrs via their accountants, brokers and financial consultantsOver £3.6bn was invested into equity deals in the UK last year showing an increased appetite for startup investing45% of angels interviewed by the UKBAA about their early stage equity investments reported...

​Lamont Pridmore warn high earners about HMRC raids

Higher rate taxpayers have been warned by leading Cumbrian accountants Lamont Pridmore to be vigilant over their tax affairs.The warning comes after new data from HM Revenue & Customs (HMRC) shows that its Affluent Unit took an additional £438 million pounds of high earners.Off the back of this success the Unit, which investigates the tax affairs of...

A Legal Perspective on the Government’s Brexit White Paper

Following pressure from sections of Parliament and the public, Theresa May’s government has published a 77-page white paper document to set out a strategy for leaving the EU. But what does it add to what we already know? Stephen Chater, a solicitor at Postlethwate Solicitors, member firm of the UK200Group, explains.The UK200Group is the UK’s leading...

​32% law firms see private equity as a principal source of external funding

With growing competition from niche firms, law practices are actively seeking targeted acquisitions to scale-up in chosen disciplines.  32% see private equity as a principal source of external funding. Niche law firms seen as greatest source of competition. 59% of firms report a rise in competitive pressure. There is a sharp increase...

Mena

200 OK

200 OK The server encountered an internal error or misconfiguration and was unable to complete your request. Please contact the server administrator, [email protected] and inform them of the time the error occurred, and anything you might have done that may have caused the error. More information about this error may be available in the server...

Foresight makes MEIF investment into software-based franking alternative business Postworks Limited

Foresight Group LLP (“Foresight”) announces the investment into Postworks Limited (“Postworks” or the “Company”) on behalf of the Midlands Engine Investment Fund (“MEIF”). This mark’s Foresight’s third MEIF investment since its launch in February.   Postworks is an online franking company providing small and medium...

Cambodia: Protest Supports Villagers Challenging Foreign Forest Concession

[unable to retrieve full-text content]Foreign investments; Forests and timber; Judiciary; Minority rights; Natural resources - On September 22, 2015, a group of approximately 100 Cambodians from the Phnong ethnic group rallied to support five members of the group who were questioned in court and then released. The issues involved were...

European Union: Adoption of Decision to Relocate Asylum Seekers

[unable to retrieve full-text content]Asylum; Immigration; Refugees; Treaties and International Agreements/Refugees - On September 22, 2015, the EU Justice and Home Affairs Council adopted a proposal, introduced by the European Commission on September 9, 2015, in response to the unprecedented influx of migrants who have sought refuge...

Brazil: End of Age Limit for Assisted Fertilization

[unable to retrieve full-text content]Families ; Health; Pregnancy - On September 22, 2015, the Brazilian Federal Council of Medicine (Conselho Federal de Medicina, CFM), issued Resolution No. 2,121/2015 on, inter alia, eliminating the need by women over 50 years of age to obtain the consent... The Global Legal Monitor from the Law Library of Congress...

International

Beware: The Report Expressly Prepared for Trial Counsel May Not Be Privileged After All

In this article for the Consumer Privacy World Blog, John Burlingame and Kristin Bryan discuss a recent federal district court decision which calls into question the application of attorney work-product privilege to work-product prepared by consultants in anticipation of litigation.… Continue Reading The post Beware: The Report Expressly Prepared...

Israel: Supreme Court Voids Law Legalizing Settlements Built on Unauthorized and Privately Owned Land in West Bank

(July 14, 2020) On June 9, 2020, the Supreme Court of Israel, sitting as a High Court of Justice, ruled 8–1 to accept a petition against the constitutionality of the Law on the Regulation of Settlement in Judea and Samaria, 5777-2017 (Feb. 13, 2017). The majority opinion was rendered by Court President Justice Esther Hayut, […]Read More

China: Revised Land Administration Law Takes Effect

(Feb. 20, 2020) On January 1, 2020, the newly revised People’s Republic of China (PRC or China) Land Administration Law (Land Law) went into effect. Previously, on August 26, 2019, the Standing Committee of the National People’s Congress had adopted a comprehensive amendment to the country’s primary land law. According to the official...

United States: New York State Appellate Court Upholds Order for Return of Nazi-Looted Art

(Aug. 22, 2019) On July 9, 2019, the New York Appellate Division upheld a lower court’s decision ordering defendant Richard Nagy to return two pieces of art to the heirs of Fritz Grunbaum, a Jewish Viennese performance artist and art collector who was imprisoned and murdered by Nazis during the Holocaust. (Reif v. Nagy, No. […]Read More

New Zealand: Trusts Bill Passed

(Aug. 15, 2019) On July 24, 2019, the Trusts Bill was passed by the New Zealand Parliament. The Bill, which was introduced in August 2017, replaces the Trustee Act 1956 and Perpetuities Act 1964 and seeks to provide a “clear, modern statement of the law relating to trusts.” The Minister of Justice, Andrew Little, stated that […]Read...