Startups

Feature: Titus Rahiri, Founder of KorumLegal shares the importance for tech startups to always keep customers in mind at every step of the journey

Reading Time: 7 minutesSingapore’s legal industry is picking up speed for technology adoption, and now is the opportune time for LegalTech start-ups. Just a few months back in June 2019, the Singapore Academy of Law launched the Global Legal Innovation and Digital Entrepreneurship (GLIDE) accelerator programme, which is Asia’s first accelerator programme for LegalTech start-ups. At the recent […]

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 […]

Blockchain dispute resolution: a better alternative for the decentralised world?

Reading Time: 5 minutesWith the recent judgment by the Singapore International Commercial Court on the wrongful reversal of Bitcoin and Ethereum trades by a centralised exchange operator[1], we are beginning to see blockchain technology slowly creeping into traditional dispute resolution. That dispute, however, was only capable of being adjudicated through traditional legal means because the relevant transactions occurred […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]