Updates

An array of commentary, opinion and experience from our experts.

Podcasts

Black & White: What happens when the crypto exchanges fight back, with Setia’s Danny Ong, and Fountain Court Chambers’ Nik Yeo and Laurentia de Bruyn

The crypto space is rife with fraud. The ethereal and borderless nature of crypto assets make it far too easy for fraudsters to spirit them away and escape detection. But that has not stopped lawyers from devising creative and sophisticated ways to trace and recover stolen crypto assets. In a special 2-part series, Setia's Wern-Jhien and Danny Ong are joined by Fountain Court Chambers’ Nik Yeo and Laurentia de Bruyn to talk about the recovery of stolen crypto assets, and recent cases that shape and define the limits of what is possible in the ever evolving crypto and digital assets space. In the 1st part, we discuss what happens when the exchanges fight back, as illustrated in Piroozadeh v Persons Unknown [2023] EWHC 1024 (HC).

19 October 2023

Insights

The case of the missing diamonds and diamond seeds

In a twin-judgment released by Justice Hri Kumar Nair, the Setia Team comprising Yam Wern-Jhien (Director), Bethel Chan (Associate Director) and Stanley Tan (Associate) successfully secured judgment against an ex-director for misappropriation of diamonds and diamond seeds, as well as a rare order expunging irrelevant, unreliable, and scandalous material adduced by the Defendant in an attempt to tarnish the reputation of the Claimant and its representatives.  

24 September 2023

Podcasts

Black & White: The dark side of the economy, with FTI Consulting’s Anna Bleazard & Setia Law’s Victoria Ting

Just as Singapore is rocked by the news of the Commercial Affairs Department's S$1.8B raid, we take a deep-dive into the underbelly of the economy - criminal monies, how they're laundered, what it means for the man on the street, and what we can do to combat it. Co-founder of Setia Law, Wern-Jhien is joined by special guest Anna Bleazard, FTI Consulting's Head of Financial Crime Compliance for Singapore and Southeast Asia. Setia's Victoria Ting also returns to weigh in on the conversation. Episode analytics

19 September 2023

Insights

Court exercises rarely invoked power to strike out and expunge irrelevant materials from affidavits filed in an opposed application for a judicial management order.

In Re X Diamond Capital Pte Ltd (Metech International Ltd, non-party) [2023] SGHC 201, the Singapore High Court exercised its rarely invoked power under r 21 the Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020 (CIR Rules) to strike out and expunge irrelevant materials from affidavits filed in an opposed application for a judicial management order.

23 August 2023

Podcasts

Black & White: Decentralised Autonomous Organisations (DAO)

Decentralised Autonomous Organisations (DAOs) are an essential part of Web3. DAOs also operate within several legal grey areas, and have the potential of disrupting traditional business structures. Co-founder of Setia Law, Wern-Jhien is joined by Setia’s Stanley Tan, an aspiring specialist in digital technology, Web3, and disputes in cyberspace, to talk about DAOs – what are they, how does one become a member and how a DAO can be held responsible in the event of a claim.

27 July 2023

Insights

Metaverse Disputes – Navigating Jurisdictional Issues in the Metaverse

The Metaverse involves a confluence of cutting-edge technologies and is touted to become as revolutionary as the Internet when it was first brought into the mainstream. With a projected 25% of the global population spending at least an hour a day in the Metaverse and the size of the Metaverse market expecting to reach USD 758 billion by 2026, fraud in the Metaverse is inevitable. In this article, Danny Ong, Jason Teo, and Stanley Tan of Setia Law LLC consider some of the jurisdictional issues that could arise in the Metaverse which victims of fraud are likely to grapple with when seeking relief.

22 July 2023

Insights

Key takeaways from the ABS’ industry perspective on best practices recommendations on compliance risks with a nexus to digital assets

The Association of Banks in Singapore (ABS) has this month, in collaboration with the MAS, the CAD and Ernst & Young, released a set of ‘best practices’ recommendations from the industry perspective, to help financial institutions (FIs) approach money-laundering (ML), terrorism financing (TF) and sanctions risks in the digital assets space. We summarise the key takeaways for FIs.

22 July 2023

Podcasts

Black & White: Sanctions

Sanctions can be one of the most cryptic areas of law - Vast, complex, ever-changing.  What are sanctions cases like in reality? What has Singapore’s stance been on sanctions and has it changed following the Russian invasion of Ukraine? Why have there been so many record-breaking penalties of late? Co-founder of Setia Law, Wern-Jhien is joined by Setia's Victoria Ting, a former prosecutor and government lawyer specialising in the area, to demystify these and more.

22 June 2023

Insights

Corporate Criminal Liability and the Failure to Prevent in Singapore

Victoria Ting recently published an article with Chambers Expert Focus discussing the question: When does a company commit a crime? The article is reproduced below.

20 June 2023

Insights

The Singapore Court’s Treatment of Foreign Solvent Liquidations under the UNCITRAL Model Law on Cross-Border Insolvency

Bethel Chan and Lee Jin Loong recently published an article with Chambers Expert Focus discussing the Singapore Courts' stance on foreign solvent liquidations and their entitlement to recognition or assistance under the UNCITRAL Model Law on Cross-Border Insolvency.

20 June 2023

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