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A brief analysis of the legal validity of smart contracts in Singapore

Reading time: 13 minutes

Written by Louis Lau (Associate Author) | Mentored by Josh Lee | Reviewed by Lim How Khang

LawTech.Asia is proud to conclude the first run of its Inaugural Associate Author Programme by publishing the works of its Associate Authors. The aim of the Associate Authorship Programme was to develop the knowledge and exposure of student writers in the domains of law and technology, while providing them with mentorship from LawTech.Asia’s writers and tailored guidance from a well-respected industry mentor.

This first run of the Associate Author Programme was a partnership between LawTech.Asia and Singapore Management University’s Legal Innovation and Technology Club. After a thorough selection process, two students were selected as Associate Authors, where they worked on thought pieces with a mentor from LawTech.Asia. Their pieces were each industry-reviewed by a respected thought leader from the legal technology industry.

This piece by Louis Lau, reviewed by industry reviewer Lim How Khang (Assistant Professor at the Singapore Management University), marks the first thought piece in this series, and provides an analysis on the legal validity of smart contracts in Singapore.

Legal Technology in Singapore: Second Edition

Reading time: 2 minutes

Written by Cai Xiaohan, Tristan Koh, Utsav Rakshit | Edited by Josh Lee Kok Thong

In October 2018, LawTech.Asia published the first-ever detailed outline of the legal technology sector in Singapore. It was the result of a months-long project to map out the root, state and outlook of the legal technology sector in Singapore, and furthers LawTech.Asia’s fundamental purpose of improving awareness, knowledge and interest in legal technology. The article was imagined as a “living document” that will continue to be updated as more news comes to the fore.

Much has happened in the legal tech scene in Singapore since then. To encapsulate these developments, LawTech.Asia is proud to present the second edition of “Legal Technology in Singapore”.

Our first edition had argued that Singapore is currently in the midst of a “legal tech revolution”, which began sometime in 2015 and which was spearheaded by the government in Singapore. The past year has seen the government invest even more resources into new initiatives to support legal tech adoption, and this edition of our article has been updated to include the following new developments: 

  1. Recent statements by the Judiciary on legal tech in Singapore;
  2. New assistance schemes to support the adoption of technology in Singapore, such as:
    • Asia’s first legal tech accelerator, GLIDE by FLIP;
    • Tech-celerate for Law by the Law Society of Singapore, which will fund legal tech adoption by law firms;
    • Advancement of legal tech in the State Courts;
    • The establishment of the SmartLaw Guild;
  3. The new creation of legal tech office-holders in public sector institutions; and
  4. The development of tech-related curricula in local law schools.

In this second edition, we also posit that the Singapore legal tech revolution has entered into a new phase: new ground-up initiatives in the legal profession to support legal tech adoption. We suggest that more law firms, law students, and legal tech solution providers have started their own initiatives to encourage legal tech adoption. This new edition of our article covers, in particular, the law firms which have championed legal tech adoption by being early adopters, producing their own technology, or launching their own legal tech incubators / accelerators.

In our first edition of the article, we had also outlined three forces influencing the development of Singapore’s legal tech revolution: the liberalisation and internationalisation of Singapore’s legal industry; the increasing sophistication of clients; and increasing technological capability. In this second edition, we introduce a fourth influence: the progressive changes in Singapore substantive laws. We argue that, as Singapore’s lawmakers introduce progressive laws which encourage, rather than inhibit, legal tech growth, this would also shape the course of the legal tech revolution for the better. Laws discussed include the passing of the Payment Services Act 2019 as well as the proposed amendments to the Electronic Transactions Act.

To access the updated version of the article, “Legal Technology in Singapore”, click here!

As before, the authors wish to express thanks for the innumerable sources of information available online, without which this project would not have been possible. Any mistakes herein remain the authors’ own.

Launch of South East Asia’s first LegalTech movement

Reading time: 2 minutes

Guest post by ASEAN LegalTech

The LegalTech segment has now moved into the mainstream consciousness of the legal market across Asia and in particular the South East Asian region. While the global LegalTech narrative is dominated by mature legal markets like Australia, Europe and the USA, there is no shortage of LegalTech startups building innovative solutions across the ten countries that compose the Association of South East Asian Nations (“ASEAN”). 

ASEAN LegalTech (“ALT”) was formed in May 2019 with the aim of connecting LegalTech pioneers, thought leaders and enthusiasts to promote and build the LegalTech ecosystem in the South East Asian markets. One of ASEAN LegalTech’s goals is to provide a voice to the emerging market to inform discussions with regulators who are in the early stages of determining how to regulate LegalTech.  

New Regional Association Unites Region’s Legal and Technology Innovators

Reading time: 3 minutes

ALITA is the first Asia-Pacific organisation to inclusively bring together regional stakeholders to promote innovation and technology for legal services. 

A new international association to promote the development and adoption of legal innovation and technology in the Asia-Pacific (APAC) was launched on Thursday September 5, 2019.

Held at TechLaw.Fest 2019, an annual law and technology conference in Singapore, the launch of the Asia-Pacific Legal Innovation and Technology Association (ALITA) was officiated by Justice Lee Seiu Kin, a Supreme Court Judge of Singapore and Chairman of the Legal Technology Cluster of the Singapore Academy of Law. 

The official logo of ALITA.

TechLaw.Fest 2019 Quick Chats: William Deckelman, Executive Vice President, General Counsel and Secretary of DXC Technology

Reading time: 7 minutes

Interview by Andrew Wong, Ong Chin Ngee, Lenon Ong | Edited by Josh Lee

TechLaw.Fest 2019 will take place from 5 to 6 September 2019 in Singapore, bringing together the movers and shakers in the space of law and technology. In these few weeks leading up to TechLaw.Fest, the LawTech.Asia team will be bringing you regular interviews and shout-outs covering prominent speakers and the topics they will be speaking at TechLaw.Fest.

This week, LawTech.Asia received the exclusive opportunity to interview William Deckelman, Executive Vice President, General Counsel and Secretary of DXC Technology. William will be kicking off Day 2 of TechLaw.Fest 2019 with a thematic lecture on security and connectivity.

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