A Guide to Understanding a Variable Capital Company (VCC)

Reading Time: 4 minutesThis Guide provides an outline of the key aspects of a Variable Capital Company (“VCC“) and its related framework. The VCC is a novel fund structure in Singapore that permits many collective investment schemes to be housed under the canopy of a single corporate entity. Where sub-funds are concerned, VCCs allow them to be segregated […]

A Guide to Listing a SPAC on the SGX (Part 2)

Reading Time: 4 minutesSpecial Purpose Acquisition Companies (“SPACs“) are companies, at the point of their proposed listing on the Singapore Exchange (“SGX“), without an operating history, business or assets generating revenues. The listing is undertaken primarily to raise capital to acquire a business or businesses, as the case may be, and complete a business combination. In this article, […]

A Guide to Listing a SPAC on the SGX (Part 1) Asia Law Network
A Guide to Listing a SPAC on the SGX (Part 1)

Reading Time: 4 minutesSpecial Purpose Acquisition Companies (“SPACs“) are companies, at the point of their proposed listing on the Singapore Exchange (“SGX“), without an operating history, business or assets generating revenues. The listing is undertaken primarily to raise capital to acquire a business or businesses, as the case may be, and complete a business combination.  In this article, […]

7 Costly Legal Mistakes Startups Make When Issuing Equity

Reading Time: 10 minutesWhile sitting in your co-sharing office space, anxiously waiting to make your next presentation on your App, you ponder nervously if your investors would be interested in your App. You have worked with your team for many months and this next presentation is one of many you have made to scrutinizing investors. You continue to […]

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Hong Kong: Mutual recognition of funds between Luxembourg and Hong Kong

Reading Time: 5 minutesIntroduction The Securities and Futures Commission (“SFC”) from Hong Kong and the Commission de Surveillance du Secteur Financier (“CSSF”) from Luxembourg have entered into a Memorandum of Understanding (“MoU”) on Mutual Recognition of Funds (“MRF”) on 15 January 2019, which will allow eligible Hong Kong public funds and Luxembourg UCITS fund (a collective investment scheme […]

Myanmar Legal Alert : Amendment of Central Bank of Myanmar Lending Rates

Reading Time: 2 minutesIn the most recent update on the Myanmar banking sector, the Central Bank of Myanmar (“CBM”) announced amended and increased lending rates through the issuing of Directive 1/2019 (“Directive”) on 15 January 2019. The changes in this Directive will take effect from 1 February 2019. Under this Directive, 13% will be the highest lending rate […]

[Infographic] A Guide to Initial Coin Offerings (ICOs)

Reading Time: 1 minutesWhat are the differences between an Initial Public Offering (IPO) and an Initial Coin Offering (ICO)? Have a question about ICOs? If you have any questions relating to legal issues surrounding ICOs and would like to speak a lawyer, you can request a Quick Consult with WanHsi Yeong or lawyers with similar expertise for a transparent, flat fee of […]

Alternative Funding with the Hive

Reading Time: 6 minutesIn November 2017, Asia Law Network  organised a panel discussion on Alternative Funding with the Hive. Paul Ong (Associate Director of Innoven Capital), Sherroy (“Roy”) Ong (co-founder of ArrowGates LLC) and Spencer Yang (Head of Asia, Unikrn) shared their thoughts and experiences with rising funding trends. The session was moderated by Grace Chen, Co-founder of […]

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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 […]

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Common Pitfalls & How To Avoid Them In A Series Fundraising Round

Reading Time: 4 minutesCommon Pitfalls and Considerations in Fundraising It is important for a company to raise and maintain sufficient funds to meet day-to-day operational costs, as well as to plan for future growth and development. Funds can be acquired externally, from investors who show an interest in the company and wish to commit to an equity or […]

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What Is Series Funding & Why You Need To Know Your ABCs

Reading Time: 4 minutesEnsuring that a company has adequate funds is an important and continuous process, and it is unlikely that one round of fundraising will be sufficient to grow and expand a business sufficiently. As such, many companies will need to carry out multiple rounds of fundraising and each round of investments will be different. Types of […]

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Taking stock on Dual Class Shares discussions in Singapore

Reading Time: 10 minutesSingapore and Hong Kong recently revived the discussion on dual-class share (“DCS”) structures in order to accommodate listing of new economy companies in industries such as information technology and life sciences. Singapore is considering a proper framework for listings of companies with DCS structures. The underlying current of the discussion on the DCS structures revolves […]