Legal

Americas

Robowealth rakes in Series A from Beacon VC to lower wealth gap in Thailand through tech

Robowealth, a robo-advisor for mutual funds in Thailand, has secured an undisclosed amount in Series A round of funding from Beacon VC, the corporate VC arm of Kasikorn Bank (KBank).  The partnership means that while Robowealth will be able to leverage KBank customers to grow its user base, the latter will be able to deliver value to […] The...

Caffeinated expansion: How Kopi Kenangan achieves its goal of opening one new store per day

We can never get enough of Indonesian digital coffee chain Kopi Kenangan –and we are not just talking about their cup of iced coffee on a hot, busy day. The startup has made headlines with their high-profile funding rounds, the latest being their US$109 million Series B funding round in May 2020. Following these updates, […] The post Caffeinated...

Lupl snags US$14M, signs MoU with Singapore’s Ministry of Law as it prepares for legaltech platform launch

Lupl, a legaltech startup founded by international legal firms, announced it has raised US$14 million in new funding as it prepares for its public launch in April 2021. The latest investment is in addition to the more than US$10 million raised prior to its beta launch, taking its overall funding in excess of US$25 million. […] The post Lupl snags...

How ASEAN is shaping up to be a blockchain frontrunner

The ASEAN region may not be known as a leader in blockchain technology, but it is by no means a distant laggard. Southeast Asia is home to several blockchain startups such as Indonesia’s Hara, a blockchain-based food and agriculture data exchange platform, and Singapore’s Electrify, which seeks to integrate blockchain in the electric power industry....

3 top trends to impact e-commerce startups in ASEAN in 2021

By now it’s safe to say COVID-19 has been the strongest force pushing for digitalisation in retail that we’ve seen in a long time. Within weeks, everything suddenly moved online. iPrice Group and App Annie reported back in September that usage of Android shopping apps in ASEAN grew by 39 per cent within three months. […] The post 3 top trends...

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...

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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...