Magna Law Specialist Legal Advisors in the Payment Regulatory Evaluation Programme.
26 April 2021
Magna Law Corporation is on The Payment Regulatory Evaluation Programme and in the Directory of Singapore Lawyers to provide a comprehensive suite of legal services to all individuals to listed companies and non-for-profit organizations.
Born in 2018, Magna Law Corporation provides leading capabilities in Fintech and DLT (Distributed Ledger Technology), Blockchain and Telecommunications Media and Technology, Dispute Resolution and Litigation, White-Collar and Serious Crime, Family and Matrimonial Dispute, Banking and Finance (Venture Capital, Private Equity, Mergers, and Acquisitions), and providing regulatory reviews and having consulted for multiple governments internationally.
What does Magna Law do?
The firm specialises in DLT, ICO, IDO, cryptocurrency regulations and has rendered dozens of legal opinions relating to Cryptocurrencies and Securities and Futures, as well as the recent Singaporean Payment Services Act, and representing several companies in the preparation and submission of their applications to the Monetary Authority of Singapore for the Payment Services Act to date, as well as a few preparing for the MAS Sandbox regime. Magna Law Corporation has recently assisted with the structuring of and advisory for a leading DeFi DEX project, and has been the firm of choice of many leading cryptocurrency exchanges for legal opinions pertaining to their token listings, as well as digital assets specialist groups who have Magna Law on retainer and is now working on several top ICO, DeFi and NFT related projects as well.
Magna Law provides services such as:
PAYMENT SERVICES ACT LICENSING
Worked on and assisted clients in submitting applications under the Payment Services Act (PSA) to the Monetary Authority of Singapore (MAS)
With litigation and disputes resolution experience in Singapore spanning 20 years through its Managing Director, Magna Law Corporation is very familiar with all aspects of disputes resolution such as civil and criminal litigation, arbitration, matrimonial, accident, and insurance, etc.
DATA PROTECTION AND COMPLIANCE
Our in-house capability of data protection and cyber professionals assist clients operating in various industries and facing a unique set of data protection, privacy, and cybersecurity concerns. The firm has assisted with compliance matters relating to PSA and anti-money laundering regulations.
MERGERS & ACQUISITIONS
Representing clients (both buy and sell sides as well as investor and investee sides), due diligence, mergers and acquisitions.
We provide top-notch, confidential, safe, and secure escrow services for clients and brokers from various industries, in particular relating to cryptocurrency requirements.
ICO ADVISORY & LEGAL OPINIONS
We have worked on many initial coin offerings (ICO), initial exchange offerings (IEO), security token offerings (STO), and initial dex offerings (IDO) projects and have issued legal opinions and advisories on matters related to the issuance of digital payment tokens for various blockchain and cryptocurrency projects.
CORPORATE, COMMERCIAL TRANSACTIONS AND DISPUTES
Our corporate legal practice also assists our clients in a wide range of corporate and general business law matters.
Our Corporate finance practice provides advice and representation across a wide range of credit and loan transactions and collateral/security agreements.
EMPLOYMENT & IMMIGRATION
We assist our clients with general employment and immigration matters pertaining to their expatriate employees and their families.
STRUCTURING AND INCORPORATION OF ENTITIES AND BUSINESS STRUCTURES
We have assisted numerous international and domestic clients on the proper structuring of and incorporation of their business entities and projects, working with international law firms and corporate service providers to provide the best structures for clients and projects.
Magna Law is recognised by:
The SmartLaw Recognition Scheme
Magna Law Corporation is proud to announce that we are Smart Law Recognised! The SmartLaw Recognition Scheme was launched on 1 March 2017 to recognise Singapore Law Practices (SLPs) which have adopted technology to improve productivity and increase business capabilities.
The Payment Services Regulatory Assessment Program (PREP)
Magna Law Corporation is on the Payment Services Regulatory Assessment Program (PREP) list. PREP is an initiative by the Monetary Authority of Singapore ("MAS") to assist payment services providers (the "Providers") in seeking legal advice from registered Singapore law practices relating to the Payment Services Act (No. 2 of 2019) (the "PS Act")
Tripartite Standard on Flexible Work Arrangements
Magna Law Corporation has adopted the Tripartite Standard on Flexible Work Arrangements, and has committed to be a fair and progressive employer.
The Law Society of Singapore
Magna Law Corporation is in the Directory of Singapore Lawyers to provide a comprehensive suite of legal services to China-based companies seeking to expand their global footprint areas related to:
Outbound investment consultancy and risks management (compliance)
Project financing and onshore/ offshore financing
International disputes resolution including both arbitration and mediation
employment and labor.
How can Magna Law help you?
We value our customers’ trust, so we work to make sure Magna Law provides peace of mind in the form of a cost-effective and properly performed legal solution to our clients.
If you’d like to know more you can email us at email@example.com