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…

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Therapeutic Justice in Family Cases (Part 1)

Therapeutic Justice in Family Cases –Part 1 Article by PracticeForte Advisory Affiliate Susan Tay of OTP Law Corporation. This article was first published by OTP Law Corporation. This is the 1st of a 4 part series on therapeutic justice and how it may be applied in family cases in Singapore. In the other 3 instalments, we will explore the role of different players in the administration of therapeutic justice, namely, The Lawyer, The Counsellor and The Accountant. In the context of these articles, family cases will be restricted to divorce and the issues arising out of a divorce i.e. property division, financial support and importantly, children’s matters including custody, care and control, access. Heal Us Not Kill Us If I…

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“No one is Above The Law- Probation Sentencing Guidelines in the Case of PP v Terence Siow Kai Yuan”

Article by Emelia Kwa, an associate of OTP Law Corporation.  This article was first published by OTP Law Corporation. When the initial judgment of PP v Terence Siow Kai Yuan [2019] SGMC 69 was released, the case took Singapore’s social media by storm.In case you needed an introduction, the case involved a 22-year-old undergraduate who outraged the modesty of his victim while on the MRT. He was sentenced to 21 months of supervised probation, subject to a number of conditions: 1) remaining indoors from 11pm to 6am, 2) performing 150 hours of community service, 3) attending an offence-specific treatment programme and 4) his parents were to execute a $5,000 bond to ensure his good behaviour during probation.Singaporeans were up in arms,…

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“COVID-19 Temporary Measures Act- Navigating Temporary Relief With A Peace Approach: Part 1”

“COVID-19 Temporary Measures Act- Navigating Temporary Relief With A Peace Approach: Part 1” Article by Isabel Chew-Lau, an associate of OTP Law Corporation. This article was first published by OTP Law Corporaiton. IntroductionThe COVID-19 situation has placed Singapore in a dire crisis. It is not just a healthcare crisis. It is an economic crisis that threatens to shut down businesses and in turn the livelihood of thousands of Singaporeans. It is a crisis that Singapore’s leaders have named as “the most serious crisis this country has faced since independence”. Left unchecked, this crisis will no doubt affect cashflows of both businesses and individuals.In anticipation of the economic fallout, the government has sought to introduce a suite of measures. Among these…

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