“Law for Startups” featured in The Edge

Look out for a full-page feature on my book “Law for Startups: What You Need to Know When Starting a Business” in this week’s The Edge!

Here are some screenshots from the digital edition.

Continue reading

Advertisements

Announcing my new book “Law for Startups”—available in all major bookstores!

law-for-startups-tml

I’m delighted to announce that my new book Law for Startups: What You Need to Know When Starting a Business will be available in all major bookstores from January 2017.

I’ve worked very hard together with my publisher, MPH Group Publishing, on this book throughout 2016, and the entire process—from ideation, to securing the publishing deal, writing the manuscript and sending it through the rigorous editorial process, through to the book design resulting in the end product that will be in stores—took less than a year.

Continue reading

Companies Act 2016: Small Companies Do Not Need Auditors

Under the Companies Act 2016, it appears that dormant companies and small private companies will no longer need to appoint auditors. This audit exemption will allow startups and SMEs to enjoy further cost savings in the running of their businesses.

Allowing for audit exemption also brings Malaysia in line with practices in other countries like the UK, Australia and Singapore.

[edit: The Companies Commission of Malaysia has now published the feedback it has received on the public consultation on the proposed audit exemption. I have written about it here.]

audit1
Image from NY – http://nyphotographic.com

Continue reading

Moving In-House: 8 Things to Consider

Guest writer Lee Quin shares her thoughts of having moved from being an intellectual property lawyer in a law firm to a regional in-house legal counsel role. She gives advice on the 8 things to consider if you are thinking of making the move in-house.

2 - Working Pic 1
Just another typical working day for Quin

Starting Out

I started my career as an intellectual property and data protection lawyer in one of the top tier law firms in the country. My career path officially began when I was called to the Malaysian Bar aptly on the day the Malaysian Personal Data Protection Act 2010 came into force. On a day-to-day basis, I assisted with advising GLCs, FMCG companies, and Fortune 500 companies on intellectual property issues, IT and data protection matters, and everything else in between that largely dealt with technology.

One of the highlights of my career as a practising lawyer was the opportunity to advise a technology company on the viability and compliance of their business model in Malaysia, and to then go on to see it change the lives of Malaysians every day (this information is significant here, you’ll see why further along).

Immersing in Startup Culture

Sometime in 2015, I started to witness a trend amongst young lawyers. Many of my peers increasingly started to make the move from being a practising lawyer to either working in or building a startup. A black hole of curiosity with an unforgiving gravitational force started to emerge in my life and sucked me in.

Continue reading

Tips from the BurgieLaw Startup Legal Conference

I spoke at the BurgieLaw Startup Legal Conference 2016 at MaGIC, Cyberjaya. It was an interesting and lively conference, bringing together startups and investors.

burgielaw

I have uploaded a copy of my presentation slides. I spoke on ‘Limiting your Liability’ and how to manage it at the start of your business and when doing business. So the first half of my talk was on the different business vehicles that can be utilised, in particular, choosing between using a company or a limited liability partnership for your business.

burgie1

In the second half of my talk, I shared 5 tips on minimising disputes in the course of your business. Continue reading

Malaysian Bar Council’s scrutiny of Dragon Law continues legal innovation debate

Legal innovation in Malaysia image

On 1 June 2016, legal startup Dragon Law announced its entry into the Malaysian market, with a promotional launch offer of free access to their suite of legal documents for a limited time. Dragon Law first launched in Hong Kong in January 2015, and in Singapore in the second half of 2015.

For now, users in Malaysia will be able to find and customise legal documents, sign and share the documents electronically, and organise and store these documents in the cloud. Users in Hong Kong and Singapore have access to various other services, including personalised training, access to a legal drafting help desk and legal clinics, invitations to seminars and events, and legal support from the Dragon Law team and their network of lawyers. The subscription packages for Malaysia have not been announced, but the pricing in Singapore starts at SGD175 per month.

On 12 June 2016, a story in The Star (Legal start-up’s services scrutinised by Malaysian Bar) reported that Dragon Law‘s entry into Malaysia has come under the scrutiny of the Malaysian Bar. It was reported that Malaysian Bar President Steven Thiru has confirmed that Dragon Law‘s services were being studied.

Continue reading

Don’t be penny-wise startups

Earlier on 9 May, a few of us were at MaGIC for the BurgieLaw fireside chat to share our legal tips to startups. The Star then interviewed us for their article on ‘Don’t be penny-wise, startups: lawyers‘. I will feature some of my quotes further down below. But in particular, I emphasised to the reporter that:

“There is no true startup specialist lawyer. Startups cover many existing legal areas. It’s a matter of hiring a lawyer with the appropriate skill sets for your needs,” he said.

LS-Fireside_Speakers-blog-1024x1024 Continue reading