September 19, 2017

RHTLaw Taylor Wessing Hosts 3rd ASEAN Summit themed “The Future Economy in the ASEAN Narrative: Gearing Your Business for the ASEAN Economic Community”

ASEAN Summit, into its third year, welcomes Guest-of-Honour Ms Low Yen Ling, Senior Parliamentary Secretary, Ministry of Education & Ministry of Trade and Industry, who will be giving a keynote address on  the ASEAN Economic Community (AEC) The yearly conference is expected to attract over 300 business leaders, industry practitioners and decision makers for pragmatic perspectives on the future economy in the ASEAN narrative RHTLaw Taylor Wessing hosts its 3rd annual ASEAN Summit today on Tuesday 19 September 2017, themed “The Future Economy in the ASEAN Narrative: Gearing Your Business for the ASEAN Economic Community (AEC)”. The ASEAN Summit serves as a knowledge-exchange platform for business leaders, industry practitioners and decision makers to discuss strategies and share insights on how Singapore businesses can future-proof themselves for ASEAN within the new world economic order, and the opportunities for ASEAN in this modern geopolitical environment. ASEAN offers much potential in playing centre stage in the future global economy, considering the multitude of shifts in the current economic and political backdrop, including Brexit and the US under the Trump administration. Contrary to the anti-globalisation sentiments, Singapore’s openness to trade, talent, and investments, and its exhaustive drive to maintain regional and global connectivity presents an unparalleled opportunity on the enterprise level for Singaporean businesses, as well as an economic gateway for neighbouring countries.   Singapore small-and-medium sized enterprises (SMEs) face challenging economic conditions, rising competition and disruption from technological advances; with land and manpower constraints becoming more pressing. Many Singaporean SMEs still regard the AEC with mixed sentiments – uncertainty, scepticism, and even indifference – on its exact impact on their businesses. It is now or never, that SMEs must step up, in order to stay in business; to capture new market opportunities, and to prepare against the intense competition from regional players that will flood the marketplace. Singapore’s businesses need to urgently innovate and evolve beyond status quo, or risk being displaced by competitors. ASEAN is in our backyard and ASEAN SMEs are the backbone of the ASEAN economies. Guest-of-Honour Ms Low Yen Ling, Senior Parliamentary Secretary, Ministry of Education & Ministry of Trade and Industry, will be giving the keynote address on gearing businesses for future opportunities in the ASEAN Economic Community (AEC). Speakers and panellists at the ASEAN Summit include a distinguished line-up comprising Mr. Eduardo Pedrosa, Secretary General, Pacific Economic Cooperation Council; H.E Antonio A. Morales, Ambassador, The Republic of Philippines; and H.E. Ngurah Swajaya, Ambassador, The Republic of Indonesia. Other prominent guests include Mr Teng Theng Dar, former Chief Executive Officer of Singapore Business Federation, Mr Iqbal Jumabhoy, Chief Executive Officer and Founder of BlackBook Hotels, Ms Rina Neoh, Venture Capitalist, & Co-Founder, Mercatus Capital, and Dr. Katharina Lange, Executive Director, Singapore Management University (SMU). Topics covered at the ASEAN Summit have been put together after extensive interviews and surveys with SME businesses in Singapore on the issues they face, and key highlights are: ASEAN’s Opportunity in the New World Economic Order Leadership Development for an ASEAN Diversified Workforce  Funding your expansion in ASEAN ASEAN Connectivity, Cross Border Strategies & the Digital Journey Growth Perspectives of the Future Healthcare Landscape in ASEAN and Singapore Leveraging on ASEAN’s Tourism Boom RHTLaw Taylor Wessing Deputy Managing Partner & Chairman of ASEAN Plus Group Azman Jaafar, will give the closing speech. --- This press release is featured in the following news report: “刘燕玲:我国将加强 亚细安数码经济和创新连通性”  - Lianhe Zaobao, 23 September 2017
September 11, 2017

External counselling services are accessible to lawyers to cope with the stress of the legal profession, shares Deputy Managing Partner Azman Jaafar with The Sunday Times

RHTLaw Taylor Wessing Deputy Managing Partner Azman Jaafar shares with The Sunday Times that external counselling services are accessible to lawyers to cope with the stress of the legal profession. The article was first published in The Sunday Times on 10 September 2017. Law and accounting firms taking steps to tackle stress Source: The Straits Times © Singapore Press Holdings Ltd Date: 10 September 2017 Author: Ng Huiwen The hours can be long but there must be a purpose to their work, say young lawyers. Mr Lee Yi Liang, 28, who practised for about a year before becoming an in-house counsel, said that young lawyers like him were made to feel like they were just moneymakers for the firm. "It is not about the hours (you put in). It must be fulfilling too, otherwise there's no impetus to continue," he said. And it is not just in the legal profession. Young accountants are also feeling the heat, and leaving the industry for the same reasons. Law and accounting firms contacted by The Sunday Times said they are aware of the stress and work-life challenges impacting the young professionals, and have processes to help them. Law firm Withers KhattarWong, for instance, has an informal "buddy system" that allows junior lawyers to consult their seniors when faced with issues, said partner Sharon Lin. The firm has 88 lawyers, of which about 30 per cent have less than five years of experience. Some of its international offices have tie-ups with independent healthcare consultants to run a confidential helpline, and this could be extended here too, she said. Employees at Big Four accounting firm PwC Singapore have access to one-on-one counselling with certified psychologists to help with work and personal problems. These sessions, which can be carried out face to face or over the phone, are free and confidential, said human capital leader Trillion So. Similarly, RHTLaw Taylor Wessing deputy managing partner Azman Jaafar stressed that lawyers have access to external counselling services. "As senior lawyers, we understand that lawyers can feel overworked and under-appreciated at times," he said. Accounting firms Ernst & Young and Deloitte Singapore have focused on creating social and sporting activities, while at mid-sized firm Straits Law Practice, ad hoc lunches and drinks allow lawyers to interact in an informal setting. And at Fortis Law Corporation, founder Patrick Tan said young lawyers, who make up about half of the firm's strength of 29, are not made to do just the "grunt work". "Our motivation is simple: If the young lawyers enjoy legal practice, acquire new skills and feel involved in the business, they will probably stay longer in the firm and in the profession," he said. Mr Z.K. Lim, who previously worked for a large local law firm, said he did have help when he was practising for a year. "I was quite lucky to have partners who would be around to guide me and help manage the stress. But much of it also came from wanting to do our best for our clients," he said. But that meant being on his toes all the time. He said: "After a year or so in practice, I was tired of not being able to 'switch off' even when I was not at work."
September 8, 2017

RHTLaw Taylor Wessing is proud to be Gold Sponsor of the launch of Action Community for Entrepreneurship International Centre, aim to help local start-ups expand overseas and international entrepreneurs find opportunities in Singapore

RHTLaw Taylor Wessing is proud to be a Gold Sponsor of the launch of Action Community for Entrepreneurship International Centre (ACEIC). The launch marks the inauguration of the first one-stop centre within the Singapore Start-up Ecosystem to facilitate start-ups’ access to global markets and allow overseas start-ups and multipliers to network as well as collaborate with the start-ups in Singapore. Head of Intellectual Property & Technology, Jonathan Kok, represented the Firm at the launch. The sponsorship is part of the Firm’s ongoing commitment towards supporting the entrepreneurship landscape through facilitating the growth of local and overseas companies into the Asian region by tapping on its international capabilities. The launch on 6 September 2017 was held at the heart of the nation’s evolving start-up ecosystem, the JTC LaunchPad @ One-North and is supported by SPRING Singapore, International Enterprise Singapore (IE Singapore) and JTC Corporation (JTC). It brought together representatives from trade associations and chambers, embassies, government agencies, innovation hubs and Singapore government agencies to advance towards establishing reciprocal exchanges with start-ups in Singapore.  Senior Minister of State for the Ministry of Trade & Industry and Ministry of National Development, Dr Koh Poh Koon was the Guest-of-Honour. In his officiating speech, Dr Koh said, “The establishment of the ACEIC is therefore timely, to enhance global connections for our entrepreneurs and provide a platform for start-ups to expand into regional markets.”
September 8, 2017

Life Sciences and Healthcare Partner (Foreign Lawyer) Erwan Barre invited as a moderator for the MedTech SME Workshop organised by the Asia Pacific Medical Technology Association

RHTLaw Taylor Wessing Life Sciences & Healthcare Partner (Foreign Lawyer) Erwan Barre was invited as a moderator for a MedTech and Digital Health panel discussion at the MedTech SME Workshop 2017, organised by the Asia-Pacific Medical Technology Association (APACMed). The 3rd edition of this event featured an information-packed programme tailored to the needs of medical device and IVD start-ups, digital health ventures, mid-sized MedTech R&D and manufacturing businesses, as well as research institutes, investors and service providers. Participants were given guidance and deep insights into the opportunities and challenges presented in the medical technology industry. Erwan moderated a panel discussion on the topic “Investment into MedTech & Digital Health in Asia” and shared his expert knowledge on the mergers and acquisition scene. The panellists comprised: Philip Kowalczyk, Senior Director of New Business Development Asia Pacific at Johnson & Johnson Medical CJ Chen, Head of Strategic Initiatives for Emerging Asia at Baxter Ong Jeong Shing, Investment Director for Venturecraft Colin Tan, Chief Operating Officer of EndoMaster The one-day workshop was attended by over 100 C-Suites, directors and business development professionals from start-ups, SMEs and major organisations including Abbot and the Health Sciences Authority.