News & Views

The grandeur of the Hotel Oberoi New Delhi was the apt setting for Ally Law’s 29th Annual General Meeting  2019. The meeting was a demonstration of the great heights that our law network has reached since its inception as a small club of independent but highly professional law firms in 1990. The meeting was also told of the addition of new member firms in Brazil, Ukraine, Denmark, South Korea and Seattle, which  continues to improve the network’s global service offering to clients.

In store for the delegates were presentations by industry experts with a strong focus on the digital economy and the impact of destructive technology on law firms.  Speaker Jaijit, Bhattacharya, an e-government expert gave very revealing insights into what he described as the digital colonisation by countries and multinational corporations that used intellectual property laws to allow companies to demand excessive royalties for the use of important technology. In doing so he questioned the policy and ethic of intellectual property rights based on a “first ownership” philosophy rather than one that applied a fair reward philosophy.

Managing Partner, Loong Caesar moderated a session on Succession Planning for High Net Worth Persons which also included former president  Xavier Marti of Spain, senior partner Ramona Azzopardi and Canadian lawyer Robert Korne. The panel explored the effects of residency, the use of Maltese Foundations and common law trusts in succession planning.

An Indian themed Gala Closing Dinner was to be expected but not the lengths that our Indian host, Ramesh Vaidyanathan of Advaya went to entertain members and guests with no frills spared.