Technology Disputes
Providence Law Asia has developed the market insight and technical understanding required to serve our technology driven clients. Our technology disputes practice regularly advises stakeholders, founders and their start-ups, scale-ups, and other technology or Fintech businesses in various emerging and high-growth industries on all aspects of their dispute. We also work with fellow professionals and advisors with unique skillsets and expertise to complement and provide comprehensive and coordinated solutions tailored to our clients’ needs.
Our team is particularly adept at guiding stakeholders, be it founders, investors or business partners, in navigating risks within the high-octane, high growth environment of emerging industries. We advise on mitigating disputes at an early stage, or resolving the disputes before they cause real irreparable harm to the company, its founders or its investors.
Our clients have also placed their trust in us to handle high-stakes disputes specific to venture capital, private equity, leveraged buyout, joint ventures and partnerships. Our expertise in insolvency, shareholder and investor disputes and cross-border business solutions complements our capabilities in the technology driven space.
Our representative experience includes:
Acting for founders/entrepreneurs
- Advising the co-founder of a global technology and commerce platform start-up in relation to shareholder and boardroom disputes.
- Defending the founder directors of a co-working business against allegations of breach of fiduciary duties brought by the liquidator of their companies and advising them on the global restructuring of their business debts.
- Defending a co-founder of a fintech venture concerning the setting up of a cryptocurrency bank as well as allegations of cryptocurrency fraud. The matter was successfully settled with the plaintiffs.
Acting for investors
- Acting for East Ventures, one of the top seed investors in the world and the most active venture capital investors in Southeast Asia, in a dispute relating to intellectual property rights.
- Acting for one of the longest standing venture capital fund managers in India, managing close to US$325 million in assets, in Singapore Court proceedings. The claims have been brought by a digital payments company with a valuation of over US$5.5 billion that is partially owned by Walmart. The case revolves around a dispute over the sale of shares in an India-based technology start-up worth over US$60 million.
- Advising a private equity fund manager in a multi-jurisdictional dispute arising from a referral arrangement.
- Advising the minority venture capital shareholders in a contentious exit from a multi-party joint venture.
- Advising various investors in crypto-currency exchanges on their rights and remedies in the aftermath of financial difficulties facing crypto-firms in the “crypto-winter”. Noteworthy matters include acting for Deribit, one of the largest crypto derivate exchange, in the liquidation of 3 Arrows Capital (3AC), and acting for a creditor in the liquidation of Hodlnaut.
