Introduction to Foon Yew Deepfake Case In April 2025, a disturbing scandal emerged at Foon Yew High School in Kulai, Johor, Malaysia, involving a 16-year-old student (now expelled) accused of creating and selling AI-generated deepfake pornographic images of female schoolmates and alumni. This incident has sparked outrage, raised critical questions about digital safety in schools, […]
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SEC: Most Stablecoins Are NOT Securities
The US SEC’s Division of Corporation Finance recently issued a statement that certain stablecoins, which it called “covered stablecoins”, are not considered as securities. The “covered stablecoins” are those which: The SEC identified certain characteristics of the “covered stablecoins”, and their marketing, which it opined, would make those “covered stablecoins” non-securities.
SEC: Most Stablecoins Are Not Securities
The US SEC’s Division of Corporation Finance recently issued a statement that certain stablecoins, which it called “covered stablecoins”, are not considered as securities. The “covered stablecoins” are those which: The SEC identified certain characteristics of the “covered stablecoins”, and their marketing, which it opined, would make those “covered stablecoins” non-securities. Characteristics of Covered Stablecoins […]
Recognizing a Foreign Divorce in Malaysia
Introduction – The Foreign Divorce Recently, our firm had the privilege of assisting our clients, who were divorced in a foreign court. The ex-husband is a foreign national, while the ex-wife is a Malaysian. In the case of a foreign divorce, i.e. a divorce obtained in a court outside Malaysia, how should the parties go […]
When Beneficiaries Trim Their Shares After the Founder’s Passing
Introduction Recently, on 10 October 2024, the Malay Mail reported that the family of the late Tan Sri Teh Hong Piow announced, they would sell down their shareholding in Public Bank from 23.4% to 10%, over a period of 5 years. This 23.4% shareholding is a mix of shares held personally by the late Tan […]