News & Views

MANAGING PARTNER JOINS AMERICAN AND EUROPEAN COLLEAGUES IN PARIS

Posted on 28th September 2018

 

Loong Caesar joined 65 other Ally Law colleagues in Paris at the EMEA Regional meeting this year. The meeting on 19th and 20th September was held at the Hotel La Maison Champs Elysees, and hosted by the French firm, Alerion. Events began with a welcoming cocktail reception at Alerion’s penthouse office on the Rive Gauche, followed by a dinner cruise on the river Seine. During the formal business meeting the following day, attendees were given presentations on the latest developments in cross border M&A, changes to the French tax system under the Macron government and rules relating to tax residency and immigration in certain European Union countries.

Loong Caesar also participated in a speed networking session where he explained the advantages of using Ally law as a marketing platform and shared the benefits that RLSE had derived from the network.

One of the more memorable presentations during the meeting was the one given by cryptocurrency expert, Duncan Cameron who believed that block chain technology was still in its infancy and that many new and more energy efficient technologies are being developed. He said that some governments were now beginning to join the game rather than resist it as they were beginning to see the benefits of using blockchain to capture and preserve personal data due to its immutability. In some cases the use of crytocurrencies would be permitted provided there was adequate personal data and user verification, however personal data and profiles captured on a blockchain would be virtually impossible to remove.

Duncan, who is himself an early investor in cryptocurrency, said that the vast majority of cryptocurrencies being generated were defective and probably worthless and he was critical of Initial Coin Offerings (ICOs). However he believed in the long term viability of cryptocurrencies despite their highly subjective and speculative nature. Each one should be carefully researched and appraised against the integrity and quality of the blockchain technology behind it.

He also said that he would never save his private key on any electronic device and suggested that this should simply be recorded the old fashioned way – one paper, or simply memorised.