Reading Time: 14 minutes#1 InsurTech – What is it? The word ‘InsurTech’ is a portmanteau of the words ‘Insurance’ and ‘Technology’. Essentially, it is the use of technology to innovate and facilitate efficiency and cost-savings in all areas of the insurance industry. InsurTech is seeking to disrupt the insurance industry Just as we are witnessing a radical […]
Reading Time: 10 minutesPartnering with a partner in a mutually beneficial strategic partnership can be valuable to any startup to charge their growth. It is important to structure these partnerships to safeguard the interest of both sides, especially when it is a deeper partnership where more there might be more confidential information being exchanged. At the same time, […]
Reading Time: 5 minutesEven one lawsuit can devastate the prospects of a startup “Fail Fast, Fail Often” is a popular mantra among entrepreneurs that is only half-true when it comes to the legal mistakes that startups make. Getting into legal trouble often results in the sudden dissolution or a slow death of a dream business as the startup’s […]
Reading Time: 6 minutesStartups need to adjust how they work with lawyers as they grow, scale and expand. How can lawyers help startups meet their changing legal needs? Lawyers Ronald JJ Wong (Associate Director, Covenant Chambers LLC) and Patrick Dahm (Consultant, Samuel Seow Law Corporation) educated startups and shared crucial tips on how startups can work with lawyers […]
Reading Time: 7 minutesImage and photo credits from https://pickwriters.com/ Startups generally worry that acquiring a patent is prohibitively expensive As discussed in the first patent article, the cost of patenting is high and generally several order of magnitudes higher than the cost of acquiring other IP rights such as trade mark and industrial design rights. A cohesive patent […]
Reading Time: 13 minutesSo you have a unique and innovative business idea that you’d like to fully invest your time and energy in. But before realizing your entrepreneurship dreams, there’s still the legal aspects to take care of such as incorporating and preparing the legal documentation for your business. To help aspiring entrepreneurs, Samuel Ng (Director, BlackOak LLC) […]
Reading Time: 5 minutesContinuing from the previous IP article, patent attorney Chan Wai Yeng from Taylor Vinters Via LLC talks about the top five misconceptions about patenting which startups should be aware of. Intellectual property protection is an important consideration for most start-ups. The exclusive monopoly that comes with patents can help start-ups carve a niche in a crowded marketplace. […]
Reading Time: 10 minutesOn 14 November 2016 Bank Indonesia (“BI”), the Central Bank governing body in Indonesia, issued the Bank Indonesia Regulation No. 18/40/2016 concerning Framework of Payment Transaction Processing (Peraturan Bank Indonesia Nomor 18/40/2016 Tahun 2016 tentang Penyelenggaraan Pemrosesan Transaksi Pembayaran / “BI Regulation 18/2016”). We applaud the efforts made by BI to respond efficiently, swiftly and […]
Reading Time: 9 minutesEureka! You have just created a great new product, UX, or developed an improved manufacturing process with significant reduction in production time. You know your invention has tremendous commercial value, and you are keen to share your idea with a potential business partner. But hold on for a minute. Before you disclose your invention to […]
Reading Time: 8 minutesContinuing from the previous article, lawyer Jeremiah Chew from Ascendant Legal LLC talks about the first prohibited conduct of the 3-part series: anti-competitive agreements. This guide is divided into the following 10 sections: What is the law on anti-competitive agreements? What is the purpose of this law? Examples of anti-competitive agreements in Singapore How does it affect […]
Reading Time: 7 minutesDeath and taxes As the old saying goes, there are only two constants in life – death and taxes. Whether you are a budding entrepreneur running your own business, or just an individual trying to cut down on expenses, minimizing taxes is a key objective we all pursue. Yet, it inevitably begs the question – […]
Reading Time: 14 minutesWhat is Bitcoin? How would the law characterise Bitcoin? Is it legal property? What are the plausible private law issues relating to Bitcoin? This article offers some thoughts addressing these questions. TechCrunch today reported that one bitcoin is now worth more than one ounce of gold for the first time ever. Amid all the sudden […]
