The Life Cycle Of A Start-Up: From Cradle To Grave (Part 1)

The Life Cycle Of A Start-Up: From Cradle To Grave (Part 1) Article by: Lim Seng Siew of OTP Law Corporation This articles was first published on www.otp.sg The Start-up and the Lawyer The life journey of a start-up is fraught with much uncertainties. Where is the next round of funding coming from? How do I make sure that I am complying with the law when I employ my first employees? Is the area of business that I want to get into regulated? Am I fair to my new investors without being unfair to my employees and my initial investors? In a series of articles, we hope to help you answer some of these and other questions. As a start-up, we understand that cash…

Comments Off on The Life Cycle Of A Start-Up: From Cradle To Grave (Part 1)

Cryptopia

CRYPTOPIA Article by Eric Lip, an associate of OTP Law Corporation. This article was first published by PracticeForte Advisory Affiliate OTP Law Corporation. While the legal status of cryptocurrencies has always been hazy, it seems the fog around it will be cleared soon. The past year has seen a substantial growing body of case law amongst common law jurisdictions. One question that has plagued the community has been whether cryptocurrency is regarded as “property” in the eyes of the law. Thankfully, the New Zealand High Court in David Ian Ruscoe & Malcolm Russell Moore v Cryptopia Limited (in liquidation) [2020] NZHC 718 (“Cryptopia”), which deals directly with this issue. Brief Facts Cryptopia is a cryptocurrency exchange online platform. It is…

0 Comments

Working from Home – 5 Doable Steps to Protecting Confidential Data

Working from Home - 5 Doable Steps to Protecting Confidential Data Article is written by Chloe Chua, an incoming trainee of OTP Law Corporation. This article was first published on OTP Law Corporation's website. Working from home is now part of a new normal in the midst of the COVID-19 pandemic. While we adjust to this change in environment, it is important that we consider how best to ensure the privacy of confidential work data. Section 24 of the Privacy and Data Protection Act in Singapore requires an organisation to make reasonable security arrangements to protect personal data in its possession or under its control in order to prevent unauthorised access, collection, use, disclosure, copying, modification, disposal or similar risks.…

0 Comments

Working Remotely – What Do I Need to Do?

Working Remotely – What Do I Need to Do? Article by Lim Seng Siew of OTP Law Corporation. This article was first published in The Law Gazette - LAW IN THE TIME OF COVID, PRACTICE MATTERS, May 2020. With the issuance of the Infectious Diseases (Workplace Measures to Prevent Spread of COVID-19) Regulations 2020, gazetted on 1 April 2020, working remotely is no longer a luxury or optional benefit. It is now a requirement and is likely to remain the “new abnormal’ for the foreseeable future. Many government services are already geared towards working remotely. Singapore Land Authority, Accounting and Corporate Regulatory Authority and the Judiciary all have web-based solutions for most, if not all, of their services. Legal research…

0 Comments

Cybersecurity

cyber law in singapore: cybersecurity This article is written by Eric Lip, a trainee at OTP Law Corporation Part 1 of this article discussed how the cyber threats are captured under offence-creating laws, especially that under the Computer misuse Act. In Part 2, we turn to look at legislation that touches on the protection against such cyber threats, and the key legislations that businesses and organisations have to navigate: the Cybersecurity Act, the Personal Data Protection Act (the “PDPA”) and various sectoral regulations such as the regulation for banks by the Monetary Authority of Singapore (“MAS”). Cybersecurity Act The Cybersecurity Act was passed on 5 February 2018 and there are four key objectives of the Cybersecurity Act: To provide a…

Comments Off on Cybersecurity

Cyber law in Singapore: A Quick Overview (Part 1)

CYBER LAW IN SINGAPORE: A QUICK OVERVIEW By Eric Lip, a trainee at OTP Law Corporation Cyber law in Singapore: A Quick Overview (Part 1 of 2) The latest annual report by the Cyber Security Agency of Singapore (“CSA”) highlighted a worrying trend of increasing major cyber attacks as well as cyber-crime. Cyber-crimes now account for close to a staggering one-fifth of all crimes committed in Singapore.[1] The risks and threats in cyberspace are varied and laws are constantly evolving to tackle new threats. At present, there are 4 key pieces of legislation on this topic: i.  The Cybersecurity Act; ii.  The Personal Data Protection Act; iii.  The Computer Misuse Act; and iv.  Sectorial regulations, such as the MAS regulations…

Comments Off on Cyber law in Singapore: A Quick Overview (Part 1)