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TechLaw.Fest Quick Chats: Alexis Chun, Legalese

Interview by Amelia Chew | Edited by Utsav Rakshit

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 Alexis Chun, Co-Founder of Legalese. Alexis will be speaking at the Law of Tech Conference on the panel titled Legal Issues in Legal Tech.

What are your views on SAL’s Legal Tech Vision? 

The Legal Tech Vision is a commendable effort and a step in the right direction. I applaud SAL for taking on the important task of thought leadership in the industry. It’s heartening to see the sentiment of LegalZoom’s Eddie Hartman being echoed, i.e., that we should enlist non-lawyers to help fix the legal market. Indeed, there is a distinction between the legal industry and the legal profession. Not drawing that distinction clearly obfuscates a couple of key points: What is the role of the lawyer? How much of advice hinges on having gone to law school? How much of it is applied experience or business strategy? Is law a service industry or one that sells products? What about the decoupled parts of “law” — corporate secretaries, legal executives, patent agents, etc?

I look at that and think, now, how will that change in this software eaten world?

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Initial Coin Offering: an Inaccurate Term with an Imperfect Regulator

Guest Post by Patrick Dahm

(Editor’s note: This article was originally published on Patrick’s blog here. We would like to thank Patrick  for graciously allowing us to reproduce this article on this site for our readers.)

This is my speech at the first Computational Law & Blockchain Festival – Singapore Node on 17 March 2018. In it, I tried to explain what initial coin offerings are, why governments all over the world eye them curiously, and how governments regulate them – if they regulate them. I also questioned why brick and mortar governments regulate something so digital.

Hi, I’m Patrick.

I’m a lawyer. I practise cyberlaw, as I like to call it. Although this is derived from the term cyberspace, which seems to be a bit vintage. It shouldn’t be, if you ask me.

I’m here to talk about initial coin offerings, or ICOs. I shall try to do so, and then some.

To be honest, I’m not a fan of initial coin offering as a term. Neither is the MAS, the Monetary Authority of Singapore, which doesn’t call them that. The MAS calls them digital token offerings, which is so much better.

Here’s why.

Initial Public Offerings

Initial coin offering resembles the traditional term initial public offering. An initial public offering is the first time shares of a private company are offered to the public. Think of listings on the stock exchange.

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