Singaporean, Malaysian Law Firms Roll Out New Fintech Practices

Josh O'Neill

31 March 2017

A Singaporean and a Malaysian law firm have joined forces to launch financial technology-focused practices in both markets that aim to offer legal solutions in an unconventional space.

Allen & Gledhill, based in Singapore, and Rahmat Lim & Partners, based in Malaysia, say the fintech practices collaborate to “present novel legal solutions in an area which challenges traditional legal and regulatory boundaries”.

The Singaporean firm says that companies operating in the fintech sector are often caught in watchdogs' cross-hairs because certain innovative business models do not meet current regulations.

To address this issue, the law firms' regulatory, technology and intellectual property lawyers will seek to offer clients practical solutions while also easing regulatory burden.

“Our teams are at the forefront of proposed regulatory changes and we often work with industry on the provision of incisive feedback on new legislation in public consultations,” Allen & Gledhill said in a statement earlier this week.

Because of this communication with regulators, the firm says it and its Malaysian counterpart are well-poised to offer advice to clients in the space, including venture capitalists, fund managers, global banks, start-ups, mature companies, and technology providers.