Drew & Napier LLC

Head of Telecommunications, Media & Technology Practice Group Chong Kin Lim 林宗勤 and Director Anastasia Su-Anne Chen are featured in the Asian Legal Business article titled, “Singapore ramps up national cybersecurity with expanded protection laws”, providing their perspectives on Singapore's recently expanded Cybersecurity Act (the “Act”). In addition to the amended Act, the planned introduction of the Digital Infrastructure Act in Singapore is intended to regulate digital infrastructures. In preparation, it is recommended that companies “conduct a risk assessment of their digital infrastructure, benchmark their resilience and security posture against international standards, and review their internal mechanisms to manage and escalate security incidents.” Click here to read more: https://bit.ly/3WeM5JJ. #cybersecurity #regulation #riskassessment #Singapore 

Director Wendell Wong together with Associate Director Andrew Chua, co-authored the Singapore chapter of The Legal 500: Bribery & Corruption Comparative Guide 2024. The Singapore chapter provides a comprehensive look into the legal framework governing bribery and corruption in Singapore, the criminal consequences of bribery and corruption offences, offences relating to public officials, corporate liability, defences and exceptions, and protection for whistle-blowers, among other topics.   The chapter also deliberates about the challenges businesses face when investigating bribery and corruption issues and delves into the recent and emerging trends in investigations and enforcement in the Singapore jurisdiction.   You may read the full chapter here: https://bit.ly/45UK2h7 #law #singapore #Legal500

Co-Heads of Banking & Finance, Pauline Chong and Renu Rajan Menon, as well as Directors Blossom Hing and Ken Loon Ong co-authored the Singapore chapter in the International Comparative Legal Guide to Lending & Secured Finance 2024. They provided a comprehensive overview of common issues in lending and secured finance laws and regulations in Singapore, with practical insight into guarantees, various forms of collateral security that can be taken over different types of assets and the perfections steps required, syndicated financing and financial assistance issues, as well as withholding, stamp and other taxes applicable to financing transactions, and the judicial enforcement and insolvency regime under Singapore law.   You may read the full chapter here: https://bit.ly/3LgtVku

Director Eu-Yen Tay (郑尤妍) has been appointed as a member of the Intellectual Property Office of Singapore (IPOS), Copyright Tribunal for a three-year term from 1 July 2024.   The Copyright Tribunal is a forum for resolving licensing disputes between collective management organisations and users of copyright materials. The Tribunal is authorised to handle various aspects of copyright-related disputes and royalty determinations in Singapore such as resolving disputes concerning licenses and license schemes for works or other subject matter and determining royalties for the recording of musical works, including apportionment of royalties for records, among others.   Join us in congratulating her! #law #singapore

The General Division of the High Court in HC/TA 1/2024 Outschool, Inc. v Allschools Pte Ltd upheld the decision of the Intellectual Property Office of Singapore to dismiss four consolidated opposition proceedings by Outschool Inc., concerning the trade mark applications for “ALLSCHOOL” by ALLSCHOOLS PTE LTD (“Respondent”) under Classes 9, 35, 41 and 42. This decision is a notable addition to the local jurisprudence of trade mark law as it is consistent with precedent cases that any instances of alleged actual confusion must be at the point of purchase, or the point of sale. It also spotlights the usefulness of relying on evidence relating to actual confusion. Managing Director of Intellectual Property Tony Yeo, Associate Director Kit Kuan Yuen and Associate Denise Thia acted for the Respondent and successfully defended the appeal. Read our legal update here: https://bit.ly/45RsUsB #trademark #singapore #intellectualproperty

Drew Network Asia (DNA) invites you to join us at our upcoming Seminar – "𝘼𝙄, 𝘿𝙖𝙩𝙖 𝙐𝙨𝙚 𝙖𝙣𝙙 𝘾𝙮𝙗𝙚𝙧𝙨𝙚𝙘𝙪𝙧𝙞𝙩𝙮: 𝘿𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙨 𝙞𝙣 𝘼𝙨𝙞𝙖 𝙖𝙣𝙙 𝘽𝙚𝙮𝙤𝙣𝙙” on Tuesday, 16 July 2024 from 11.00 am to 5.00 pm (Singapore Time). Engage in a full day of thought-provoking panel discussions, networking, and knowledge-sharing as our DNA lawyers from Singapore, Indonesia, Malaysia, the Philippines, and Thailand, including our distinguished guest speakers, explore AI, Data Use and Cybersecurity across the APAC region, including Australia, China, Japan, and Southeast Asia. 𝗘͟𝘃͟𝗲͟𝗻͟𝘁͟ ͟𝗗͟𝗲͟𝘁͟𝗮͟𝗶͟𝗹͟𝘀͟:͟ 𝗗𝗮𝘁𝗲: Tuesday, 16 July 2024 𝗧𝗶𝗺𝗲: 11.00 am to 5.00 pm (Singapore/ Malaysia/ Philippines time) 10.00 am to 4.00 pm (Indonesia/ Vietnam/ Thailand/ Cambodia/ Laos time) 9.30 am to 3.30 pm (Myanmar time) 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Drew & Napier LLC 10 Collyer Quay, 11th Floor Ocean Financial Centre, Singapore 049315 𝗗͟𝗡͟𝗔͟ ͟𝗦͟𝗽͟𝗲͟𝗮͟𝗸͟𝗲͟𝗿͟𝘀͟:͟ Chong Kin Lim 林宗勤 Managing Director, Corporate & Finance; Head, Telecommunications, Media & Technology; Co-Head, Data Protection, Privacy & Cybersecurity; Senior Accredited Specialist (Data & Digital Economy), Singapore Academy of Law David N. Alfred Director, Corporate & Finance; Co-Head, Data Protection, Privacy & Cybersecurity; Co-Head and Programme Director, Drew Data Protection & Cybersecurity Academy; Senior Accredited Specialist (Data & Digital Economy), Singapore Academy of Law Anastasia Su-Anne Chen Director, Corporate & Finance; Senior Accredited Specialist (Data & Digital Economy), Singapore Academy of Law Cheryl Seah Director, Corporate & Finance Heru Mardijarto Partner Reagan Roy Partner Janet Toh Head, Personal Data Protection & Privacy Laws Co-head, Technology, Media & Telco Partner, Intellectual Property Irene Yong Head, Tax Advisory Partner, Personal Data Protection & Privacy Laws, and Technology, Media & Telco Kristine Bongcaron Partner Nopparat Lalitkomon Partner 𝗚͟𝘂͟𝗲͟𝘀͟𝘁͟ ͟𝗦͟𝗽͟𝗲͟𝗮͟𝗸͟𝗲͟𝗿͟𝘀͟:͟ Darren Grayson Chng Regional Data Protection Director, APAC & MEA Electrolux Vikneswaran Kumaran Senior Manager, Trusted AI & Data Infocomm Media Development Authority Matsuda Akira Partner Iwata Godo Simon Newcomb Partner Clayton Utz Susan Ning Senior Partner King & Wood Mallesons 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗲: Click on the following link to view https://lnkd.in/gY9sG2Es. As we anticipate a full capacity turnout for this complimentary seminar, please register your interest to secure your seat: Registration link for attendees based in Singapore: https://bit.ly/3xO2OtW. Registration link for attendees based outside of Singapore: https://bit.ly/3xQziUn. #ArtificialIntelligence #DataUse #Cybersecurity #DrewNetworkAsia

Drew & Napier LLC, in collaboration with TRM Labs, is co-hosting a panel discussion on, “What’s Next in Web3: The Legal & Compliance Perspective” followed by a networking session on Thursday, 1 August 2024 at 5-7pm. Join our Directors Tju Liang Chua 蔡如良 and Shumin Lin, alongside TRM Labs’ Senior Policy Advisor Angela Ang, and our speakers Seker -. from Crypto.com, and Aaron Chua from Fazz Financial and StraitsX who will be speaking to this thought-provoking and pertinent topic. Please register at: https://bit.ly/4cOv7r0. Reservations are subject to confirmation due to our venue capacity. We look forward to seeing you there!

Co-Head of Criminal Law Practice Gary Low and Director of Dispute Resolution Terence Tan co-authored the Singapore chapter of the International Comparative Legal Guide - Anti Money Laundering 2024.   In the chapter, the authors provided insights to key issues including the crime of money laundering and criminal enforcement, anti-money laundering regulatory/ administrative requirements and enforcement, as well as anti-money laundering requirements for financial institutions and other designated businesses.   Read the full chapter here: https://bit.ly/3xGEvOJ #publications #antimoneylaundering #AML #singaporelaw

Our Senior Associate Victor David Lau was invited to CNA938’s radio programme, Singapore Today, to share his insights on the Anti-Money Laundering and Other Matters Bill which will allow Singapore courts to order the sale of seized properties linked to suspected criminal activities and what this could mean for law enforcement agencies.   Victor explained that currently, a disposal inquiry may be convened for interested parties to lay their claim to the seized properties after a case is concluded.   Commenting on the recent $3 billion money laundering matter, he noted the unprecedented scale and value of the assets involved, which is likely to have prompted the introduction of the new Bill. Under the proposed law, the sale of seized properties could occur earlier if all parties consent. This would help mitigate depreciation in asset value over time, and also reduce maintenance or storage costs for the government.   Listen to the full interview here: https://bit.ly/3VUE0si #interview #antimoneylaundering #AML #singaporelaw

Head of Financial Services Regulation, Grace Chong, recently shared her views on fintech innovation in an Asian Legal Business article on the significant developments and regulatory playbooks in the industry, particularly with the integration of artificial intelligence.   Grace shared her insights on the challenges and trends in the fintech industry amidst volatile market landscapes in Southeast Asia. Stressing various hurdles fintech startups face, she emphasised the importance of robust consumer protection frameworks, encompassing data privacy, transparency, and fair treatment, as essential for compliance.   She highlighted that “fintech companies must invest in advanced cybersecurity measures and develop comprehensive data management policies to meet stringent regulatory demands, which can be resource-intensive and complex to implement”.   Grace also noted the growing trend of digital tokenisation, particularly of real-world assets like real estate and art, which enhances liquidity and democratises access to high-value assets. She recognised the transformative impact of AI in fintech, being used for fraud detection, personalised services, and risk management and pointed out the need to address challenges related to data proliferation and ethical application.   Grace added that, “financial institutions also need to have robust contingency plans and clear accountability frameworks to ensure resilience and regulatory compliance”.   You may read the full article here: https://lnkd.in/e5jktWwg