Digital & Fintech

Hoyoverse, a global interactive entertainment brand on various legal issues relating to e-sports and Metaverse

Rajah & Tann Singapore advised Hoyoverse, a global interactive entertainment brand owned by game developer miHoYo, on various legal issues relating to e-sports and metaverse, including internet content regulation, gaming, personal data protection and consumer protection laws. Genshin Impact is an action role-playing game developed by miHoYo and published by miHoYo in mainland China and …

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Myanma Apex Bank’s partnership with True Money to provide mobile financial services in Myanmar

Rajah & Tann Myanmar acted for Myanma Apex Bank (“MAB”) in their strategic partnership with True Money to undertake mobile financial services in Myanmar. As part of the strategic partnership, MAB will support True Money’s customers in domestic remittance and other payment services, including e-wallet functionalities. The partnership allows for comprehensive financial services to be …

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First successful debt restructuring of a cryptocurrency company using Singapore’s restructuring regime

Rajah & Tann Singapore led the first successful debt restructuring of a cryptocurrency company using Singapore’s restructuring regime. In April 2023, the applicant company, Defi Payments Pte Ltd, obtained leave of the Singapore Court to convene a meeting of creditors for the purposes of presenting a scheme of arrangement for voting by its creditors (“Scheme”). …

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First ever proprietary and mareva injunction against “persons unknown” for stolen cryptocurrency in Singapore

Rajah & Tann Singapore successfully acted for plaintiff in obtaining the first ever proprietary and mareva injunction against “persons unknown” for stolen cryptocurrency in Singapore in CLM v CLN [2022] SGHC 46. This is the leading authority on two novel questions of law:- (1) can stolen cryptocurrency be subject to a proprietary injunction; and (2) …

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UNCTAD TrainForTrade blended learning course on Digital Identity for Trade and Development

Rajah & Tann Singapore was engaged by United Nations Conference on Trade and Development (“UNCTAD”) to support the UNCTAD TrainForTrade blended learning course on Digital Identity for Trade and Development (“DITD”) for the Small Island Developing States (“SIDS”) of Africa, the Caribbean and Asia and the Pacific. We were previously engaged by UNCTAD in 2019 …

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Development and implementation of the Trade Finance Registry, a national-level project to combat duplicate financing fraud

Rajah & Tann Singapore has been assisting the Association of Banks in Singapore (“ABS”) with drafting and negotiating the contracts relating to the development and implementation of the Trade Finance Registry (“TFR”) platform, including the developer and operator vendor agreements, as well as the participant rulebook. We also advised the ABS on relevant regulatory issues …

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