LawTech.Asia

Southeast Asia's foremost Law & Technology Review

Category: Legal Innovation (Page 1 of 2)

The Power and Pitfalls of Smart Contracts: A Recap

Written by Chelsea Chan | Edited by Amelia Chew & Irene Ng

LawTech.Asia had the privilege of being a media partner for TechLaw.Fest 2018. The inaugural TechLaw.Fest held from 4 to 6 April 2018 saw the convergence of legal professionals, technologists, entrepreneurs and policy makers, conversant and passionate about Technology Law and Legal Technology, coming together to discuss the future of Singapore’s technology scene. This article summarises one of the panel discussions held on 5 April 2018 titled “The Power and Pitfalls of Smart Contracts”.

The discussion was chaired by Joyce A. Tan (Joyce A. Tan & Partners); and the panel comprised of Ashton Addison (CEO and Founder, Eventchain.io), Sopnendu Mohanty (Chief Fintech Officer, Monetary Authority of Singapore), Hirofumi Aihara (General Manager of Digital Innovation, Mitsubishi UFJ Financial Group), Tomasz Kurcyzk (Digital Transformation Director, AXA Singapore) and Stella Cramer (APAC Head of Technology & Innovation, Norton Rose Fulbright).

After the introduction by Joyce Tan, Ashton Addison elaborated on the basics of a smart contract and potential technological pitfalls. A Smart Contract is an agreement converted into a small piece of software, which stores the rules and terms of the agreement and when met automatically executes exactly how it was coded. The appeal of a Smart Contract lies in its automation and that it is fully transparent, so the code reflecting contractual terms can be seen by anyone regardless of privity to contract. However, bugs in the code may lead to loss of funds. Further, large transactions are currently not possible since Ethereum can only handle 13 transactions per second, potentially creating a significant backlog if applied to current business transactions.

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TechLaw.Fest Quick Chats: Serena Lim, Bizibody

Interview by Audrey Koo and Eugene Tham | Edited by Jennifer Lim Wei Zhen

TechLaw.Fest 2018 will take place from 4 to 6 April 2018 in Singapore, bringing together the movers and shakers in the space of Technology Law and Legal Technology. In the lead-up to TechLaw.Fest, the LawTech.Asia team will be bringing to you regular interviews and shout-outs covering prominent speakers and the topics they will be speaking at TechLaw.Fest.

LawTech.Asia sat down for a chat with Serena Lim, Director at Bizibody Technology, Opus 2 International (Singapore) and Litigation Edge. Prior to founding Bizibody, she was the managing director of Khattar Wong & Partner’s Hong Kong Office. She is, inter alia, a specialist in practice management technologies, and is a consultant for discovery, litigation and court technologies.

At TechLaw.Fest 2018, Serena will be a panellist at the “Legal Tech Primer Session” at the Tech of Law Exchange. She will be introducing current legal research, document review and knowledge management tools.

What are some examples of legal secretarial work that are repetitive, and which your company has helped automated?

Two examples are (1) billings and (2) document preparation. These are areas of legal practice in which automation is possible and useful.

Let me illustrate what a law firm has to do without the aid of automation when issuing  bills or doing substantive legal work such as conveyancing, personal injury, debt collection and corporate secretarial work.

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TechLaw.Fest Quick Chats: Hugh Mason, JFDI.Asia

Interview by Amelia Chew

TechLaw.Fest 2018 will bring together leading Technology Law thinkers and Legal Technology vendors from 4 to 6 April 2018 at Suntec Convention Centre, Singapore. Within it, the TechLaw.Fest Hackathon will be an intense, fast-paced 48-hour event challenging legal professionals, software developers and designers to come up with out-of-the-box solutions to problems faced by lawyers, in-house counsels and users of legal services. The event has a particular focus on personal data protection and the challenges faced by data protection officers (DPOs) in Singapore. The top three teams will receive prize vouchers worth up to $12,000 and the opportunity to develop their solutions further under SAL’s Future Law Innovation Programme (FLIP) Accelerator Programme.

Hugh Mason, CEO of JFDI.Asia, is partnering with the Singapore Academy of Law (SAL) to operate the FLIP Accelerator and will also serve as a judge in the TechLaw.Fest Hackathon. Here, the LawTech.Asia team asked him how he saw teams from the hackathon following through to make their ideas real.

We understand that you will be running the accelerator programme under SAL’s Future Law Innovation Programme (FLIP). How does this fit into SAL’s Legal Tech Vision?

One way of thinking about innovation is to see it on three ‘Horizons’.

Horizon 1 is the known world of work we see today: the core business of lawyers and their clients as we know it. Here we are looking for efficiency savings by using off-the-shelf productivity tools. The LIFTED programme at SAL addresses this aspect of the SAL Legal Tech Vision, as does the incubator at Collision 8.

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TechLaw.Fest Quick Chats: Matt Pollins, CMS Singapore

Interview by Utsav Rakshit | Edited by Amelia Chew

TechLaw.Fest 2018 will take place from 4 to 6 April 2018 in Singapore, bringing together leading thinkers in the space of Technology Law and leading makers in the space of Legal Technology. In the lead-up to TechLaw.Fest, the LawTech.Asia team will bring you regular interviews and shout-outs covering prominent speakers and the topics they will be speaking at TechLaw.Fest.

This week, LawTech.Asia sat down for a chat with Matt Pollins, Partner at CMS Singapore and CMS “Innovation Champion”. He leads the Commercial and Technology, Media and Communications team. Matt will be speaking at the Tech of Law Exchange on the panel titled Deliberate Disruption: A Tale of Three Law Firm Tech Journeys.

What steps has CMS taken to embrace new technologies?

CMS has been investing in legal technology for the past 20 years. If you rewind to the 90s, CMS first started using platforms like document automation in our Real Estate and Finance practice groups.

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TechLaw.Fest Quick Chats: Cherilyn Tan, Asia Law Network

Interview by Amelia Chew & Wan Ding Yao | Edited by Josh Lee

TechLaw.Fest 2018 will take place from 4 to 6 April 2018 in Singapore, bringing together the movers and shakers in the space of Technology Law and Legal Technology. In the lead-up to TechLaw.Fest, the LawTech.Asia team will be bringing to you regular interviews and shout-outs covering prominent speakers and the topics they will be speaking at TechLaw.Fest. 

This week, LawTech.Asia sat down for a chat with Cherilyn Tan, Founder and CEO of Asia Law Network. Cherilyn will be conducting a Legal Tech Primer Session titled, “What works for you? Professional Networking, Client Management and Business Development Platforms”.

In your view, what goes into building a brand or a reputation?

Brand and reputation are two separate things. To build a brand is to be consistent in building and executing something. When it comes to building a reputation, it’s what you want that brand to represent. If you are consistently delivering the same mission, vision and values, then that goes towards your reputation. Your brand can be good or bad, depending on what you’re consistently doing, but your reputation is what you stand for.

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TechLaw.Fest Quick Chats: Edmund Koh, INTELLLEX

Interview by Jennifer Lim Wei Zhen | Edited by Amelia Chew

TechLaw.Fest 2018 will take place from 4-6 April 2018 in Singapore, bringing together leading thinkers in the space of Technology Law and leading makers in the space of Legal Technology. In the lead-up to TechLaw.Fest, the LawTech.Asia team will bring you regular interviews and shout-outs covering prominent speakers and the topics they will be speaking at TechLaw.Fest.

This week, LawTech.Asia sat down for a chat with Edmund Koh, Chief of Staff & General Counsel at INTELLLEX. Edmund will be speaking at the Law of Tech Conference on the panel titled Legal Issues in Legal Tech.

Edmund Koh (far right) with the INTELLLEX team

What do you think of Singapore’s Legal Tech Vision released by the Singapore Academy of Law (SAL)?

It is a very ambitious and timely roadmap for law firms in Singapore. It’s a call for law firms to start embracing technology and innovation. In other industries, there has been more of an impetus to adopt technology already as it clearly makes a person’s work more efficient. In contrast, for the longest time, lawyers have thought that our work is so different and unique that it is not susceptible to disruption by technology. I think that is changing. The Legal Tech Vision is really telling the legal landscape that everyone should sit up and take note of what’s going on.

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LawTech.Asia: Media Partner for TechLaw.Fest 2018!

We are proud to be recognised an official media partner for TechLaw.Fest 2018!

Organised by the Singapore Academy of Law, the inaugural TechLaw.Fest 2018 (held from 4 to 6 April 2018) is a convention that will be the focal point of leading thinkers in technology law and legal technology.

Key highlights of TechLaw.Fest 2018 include:

  • A main conference themed “Smart Regulations for a Digital Economy”, which will dive deep into novel regulatory approaches tested to help societies and businesses navigate the world of rapid technology growth and the accompanying legal issues.
  • Over 50 prominent speakers, who will speak about and lead panel discussions on smart regulations and technologies and the impact of technology on legal practice.
  • Sessions, panels, dialogues, exhibitions, hackathons, masterclasses and workshops on all things law and technology (and in-between), with a target audience of 3,000 visitors and 500 delegates comprising of lawyers, policymakers, technologists and business vendors.

From now to April 2016, the LawTech.Asia team will bring you regular interviews and shout-outs covering prominent speakers and the topics they will be speaking at TechLaw.Fest. These speakers include key leaders from:

  • Intelllex
  • Law Society of Singapore
  • Microsoft Singapore
  • ROSS Intelligence
  • Singapore Management University
  • Uber Asia Pacific
  • And more!

LawTech.Asia readers will also receive special perks, including a promo code that gives you a discount off full-price passes for TechLaw.Fest. To stay updated, please like the LawTech.Asia Facebook page and join the Legal Hackers SG Facebook group.   

We’re raring to have you join us in exploring the constantly-moving intersection of law and technology. Check back on our site regularly to ensure that you get the latest coverage, updates and news about TechLaw.Fest 2018!

We also wish to take this opportunity to wish all our readers a happy and prosperous Lunar New Year!

The LawTech.Asia Team

LawTech.Asia Annual Theme for 2018 and Quarterly Themes

A warm hello to our readers and fellow legal technologists!

Singapore takes the ASEAN Chairmanship in 2018 with the themes of “resilience” and “innovation”. Hence, it is timely for LawTech.Asia, with a focus on legal technology in Southeast Asia, to focus on legal technology developments in Singapore and the region.

At the same time, given that it has been roughly half a decade since the buzz about legal technology took root in Singapore, it is also appropriate to do a stocktake on the state of legal technology in Singapore for our readers. In addition, with the focus on Southeast Asia, it would also be useful to draw insight from legal technology developments in the region. This would also give LawTech.Asia the opportunity to examine how Singapore can learn from her fellow ASEAN counterparts, and vice versa.

With this in mind, the LawTech.Asia team presents to you our theme for our articles this year: Legal Technology in Singapore and ASEAN: Present and Future.

Aside from our regular articles, the LawTech.Asia team will be bringing to you a series of Quarterly Updates, a four-part thematic series that focuses on four sub-themes that are in line with LawTech.Asia’s annual theme. LawTech.Asia intends to cover the following four topics in its quarterly update:

  1. 1st Quarter: The state of legal technology in Singapore
  2. 2nd Quarter: The state of legal technology in ASEAN
  3. 3rd Quarter: What might Singapore be able to learn from ASEAN and vice versa?
  4. 4th Quarter: A legal technology report card on Singapore’s drive of “innovation” for ASEAN, and a look at the future.

We look forward to your continued support as we continue to bring you insights and information exploring the past, present and future of legal technology in Singapore and ASEAN.

 

Wishing you a happy and fruitful 2018,

The LawTech.Asia Team

 

Image credit: ASEAN

The Future of Law Conference 2017: Charting the Converging Paths of Law and Technology

Written by Amelia Chew & Jerrold Soh

Editor’s note: This article was originally published on Singapore Law Blog. We would like to thank Singapore Law Blog for graciously allowing us to reproduce this article on this site for our readers.

Jointly organised by the Centre for Cross-Border Commercial Law in Asia at the Singapore Management University (SMU) School of Law and Osborne Clarke, the inaugural Future of Law Conference that took place from 26 to 27 October 2017 brought together leading academics and practitioners from around the world to tackle issues at the intersection of law and technology. This article provides but a snippet of the insights discussed at the conference.

The Relationship Between Humans & Artificial Intelligence

In his opening keynote speech, Professor Ian Kerr (University of Ottawa) spoke about the ethical and legal concerns surrounding delegating previously exclusively-human decisions to machines. Given that we are only at the stage of artificial narrow intelligence (ANI) at the moment, the concern is less about a dystopian future where robots may potentially overthrow humans and more about how we can manage the relationship between artificial intelligence (AI) and humans. As an increase in machine autonomy correlates with a decrease in human control, it is crucial to establish safeguards to deal with a situation where a machine demonstrates emergent behaviour.

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Recent Growth and Developments on Online Dispute Resolution in Southeast Asia

Written by Josh Lee and Professor Thomas G. Giglione

This is the first part of a two-part series on recent developments in online dispute resolution. These series was co-written by Josh Lee and our guest contributor, Professor Thomas G. Giglione.

Professor Giglione is an experienced commercial mediator, and is the Convener for the 2017 Asia Pacific Mediation Forum Conference in Da Nang, Vietnam.

Introduction

Notwithstanding the continued importance of “traditional” dispute resolution mechanisms such as litigation and ADR, online dispute resolution (“ODR”) has continued to grow in influence and importance as an enabling tool for lawyers in assisting clients with the resolution of disputes.

This development, however, has been patchy at best. Certain regions, such as South-East Asia (“SEA”), do not seem to have embraced ODR as compared to regions like the European Union (“EU”). This is in spite of the sustained explosion in growth of mobile usage and e-commerce in SEA – between January 2016 and January 2017, for instance, the number of internet users and mobile subscriptions in SEA jumped by 80 million and 62 million respectively.

In this 2-part series, we intend to bring attention to major ODR developments in the EU, and to explore the possibility of applying such developments in the SEA context. In particular, our two mini-articles will cover the following areas:

  1. Briefly trace the global development of ODR, and to identify the development phase that ODR is in today;
  2. Identify the latest major development on ODR in the EU, the pan-EU ODR system, and to examine its main features, strengths, and criticisms;
  3. Broadly assess the desirability and feasibility of implementing a region-wide ODR network in SEA, with suitable modifications, if any; and
  4. To this end, identify certain inroads that have been made so far towards the implementation of such a region-wide ODR network in SEA.

The first part of this series will cover (a) by tracing the global development of ODR, and attempt to identify the phase of development that ODR is currently in.

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