Startups

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Different Share Classes Explained

Reading Time: 9 minutesEver wonder what the different share classes are? Shares represent the interest of a shareholder in a company and involve a bundle of rights and obligations between the shareholder and the company. Shares are an important source of financing for companies as shareholders are obligated to pay the amount payable for the share into the […]

authorised v paid up capital_asia law network
What is the difference between paid up and authorised capital?

Reading Time: 5 minutesIn 2006, Singapore abolished the concept of authorised capital. This streamlined and simplified the evaluation process for investors to evaluate companies. The distinction between authorised and issued share capital can at times be misleading. However, the removal of the concept of authorised capital has made it much easier for companies to distinguish between the two […]

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Smart contracts: a boon or bane for the legal profession?

Reading Time: 8 minutesThe views and opinions expressed in this article are those of the author alone and do not represent the opinions of any entity whatsoever with which the author has been, is now, or will be affiliated. Smart contracts: a boon or bane for the legal profession? The unprecedented growth of blockchain technology has made smart […]

cross border email scams_asia law network
Cross Border Email Scams: A Rising Trend

Reading Time: 6 minutesAround the world there have been numerous cases of cross border email scams where individuals or companies received scammed or spoofed emails that pretend to be from C-suite or senior staff of the company or business partners to wire transfer funds to bank accounts in Asia, a lot of times coming to or going through […]

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Incorporation 101: How to form a Private Limited Company in Singapore

Reading Time: 7 minutesPrivate limited companies are by far the most popular business structure. According to the Department of Statistics, out of the 26,555 business entities formed in 2018, almost 70% were companies. Why is this business structure so popular, and how does one incorporate a private limited company? This guide will address the advantages of a private limited […]

LLC vs LLP vs Sole Proprietorship – Guide to Business Structures in Singapore

Reading Time: 8 minutesChoosing a business structure that suits your enterprise is one of the most important decisions you will make in starting a business. The type of structures that business owners choose are varied. In Singapore, companies are the most popular form of business structure. In 2017, there were approximately 310,000 active foreign and local companies in […]

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Coworking Spaces and Letter of Demand

Reading Time: 3 minutesCoworking Spaces: A Brief Tour The rise of the cowork space signals a change in the tide relating to commercial work space and a fresh look at traditional working methods. We would like to take you on a brief tour of the cowork space landscape in Singapore. It is useful to note that the cowork […]

bitcoin against a laptop of stocks charts (Cryptocurrency)
A Guide to Initial Coin Offerings (Part 3 of 3)

Reading Time: 9 minutesIn Part 2 of this series, we looked at the various regulations governing Initial Coin Offerings (ICOs). To give a quick recap, on one end of the spectrum there is China, which has completely banned ICOs. On the other end, we have Gibraltar which has drafted specific legislation for ICOs. The majority of the other […]

Asia-Law-Network-Startup Law Academy-Raising-Funds-for-your-Business 3
Startup Law Academy: Raising Funds for your Business

Reading Time: 4 minutesDuring a panel discussion organized by Asia Law Network, with partners General Assembly, e27 and WeWork Beach Centre, Ronald JJ Wong (Director with Covenant Chambers LLC), Wang Yingyu (Director with Taylor Vinters Via LLC), Paul Ong (Associate Director at Innoven Capital) and Kelvin Teo (CEO and Co-Founder of Funding Societies) shared their thoughts on the […]

close up of a bitcoin (initial coin offering and digital token sales)
A Guide to Initial Coin Offerings (Part 2 of 3)

Reading Time: 6 minutesIn the first of my 3-part series on Initial Coin Offerings (ICOs), I touched on the characteristics, types, risks, benefits and examples of ICOs. In this second part, I will be covering the current regulation of ICOs in various jurisdictions. By and large, most financial regulatory authorities around the world have stated that initial coin […]

Startup Law Academy: Starting up a business in Singapore and its legal implications

Reading Time: 5 minutesDuring a panel discussion organized by Asia Law Network, with partners General Assembly, e27 and WeWork Beach Centre, Daniel Ho (Director, Summit Law Corporation), Lau Kah Mei (Managing Director, LKM Law Corporation), and Kelvin Tan (Director, Vicki Heng Law Corporation) shared their thoughts on starting a business in Singapore. What structure should I adopt for my […]

Smart contracts - can code ever be law_ashurst_asia_law_network
Smart contracts – can code ever be law?

Reading Time: 16 minutesWe live in an age of disruption – and the legal industry is not immune. “Smart contracts” has been receiving particular attention, with its potential to bring about both efficiencies in legal work… and also new kinds of legal challenges. What are smart contracts and what can they achieve? We take a closer look at […]