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Where do you find the money to make a film? If you are a new company with no operational track record or decent cash flow, you will find it difficult to find a bank that is willing to offer you an unsecured loan. In this article, I will outline the alternative sources of financing that film producers can look to.
Continue reading “Film Financing 5: Raising Finances For Your Film”
It is important for both writers and producers to understand the main terms that go into an agreement between writers and producers.
Continue reading “Film Financing 4: Negotiating A Fair Deal With Writers”
The best agreement is one that is fair to all parties. All too often parties attempt to negotiate by demanding for more than what is fair to them. Parties are suspicious of each other and the lack of trust ends with parties feeling short changed.
As such, it is crucial for producers to set the stage for an alternative negotiating style that builds on openness and trust. This approach is far more advantageous in the long run as parties build good relationships and the producers are able to work out a financially profitable objective. By setting the stage, producers influence all other parties to the deal to adopt an open and honest negotiating style. Below are 3 important approaches that producers can apply when opting for this strategy.
Continue reading “Film Financing 3: The 3 Important Approaches To Negotiating A Fair Deal”
Registering a suitable business entity structure is important for film financing because the structure affects the options in terms of what you can offer to investors.
In theory, there are many options for a business structure: sole proprietorship, general partnership, limited partnership, limited liability partnership (LLP), private limited company.
I’ll just cut straight to the point. If you want to have more options in terms of offering equity / shares to investors, then opt for a private limited company.
Continue reading “Film Financing 2: Understand the Different Types of Business Structures”
Planning to produce a film? Here are three considerations you should bear in mind before proceeding with the film’s production.
Continue reading “Film Financing 1: An Overview: 3 Things for Film Producers”
I love movies, short films, videos, television series. I binge on them. I talk about them with friends.
I get jealous that TV series like La Casa De Papel, Fauda, Kim’s Convenience get picked up by Netflix for distribution to international acclaim.
Singapore has produced great films like Apprentice, Pop Aye, 7 Letters, Ilo Ilo, 881, Singapore Dreaming, and more recently, A Land Imagined.
What’s stopping Singapore content creators from producing more great work that receive international acclaim?
Can an employment contract clause expressly prohibit post-termination disclosure of information that is not actually confidential? Most likely, no.
As a Singapore employment lawyer, I recently came across such a clause in an employment contract prohibiting indefinite disclosure of “any information” relating to the employer company.
The Monetary Authority of Singapore (“MAS“) announced on 7 August 2019 that it has launched the Sandbox Express.
The Sandbox Express provides businesses with a faster option to test certain innovative financial products and services in the market. Eligible applicants can begin market testing in the pre-defined environment of up to 9 months in the Sandbox Express within 21 days of applying to MAS.
Significance: Singapore Court of Appeal sets out principles on reasonably necessary disclosure required for court to grant leave for calling a creditors’ meeting to consider a proposed scheme of arrangement. Court holds that applicant did not provide necessary financial disclosure required and refused to grant leave.
If you found out that your employee or director has been receiving bribes or making secret profits, what civil legal recourse do you have? Or what if your employee or director has been paying bribes, what civil liability would you face? This is apart from any criminal charges or liability for corruption.
Continue reading “Article: Civil Claims and Liabilities for Payment of Bribes”