Ashlin Perumall
Biography
Ashlin Perumall is a partner in Baker McKenzie's corporate M&A and IPTech practice groups in Johannesburg.
Ashlin is experienced in technology-focused matters, including M&A and venture capital transactions, and the commercial aspects of intellectual property (IP), including licensing, commercialisation, technology/IP transfer and development.
Ashlin is routinely called to advise on matters involving corporate structuring and transactions in the technology, media and telecommunications sector. He is also experienced in the commercial, consumer protection and regulatory issues encountered by IP clients and service providers as well as venture and start-up companies.
His practice extends to advising on emerging technology business models and establishing legal, compliance or diligence assessment frameworks for novel targets in various industries, where a high degree of technical prowess is required. These include acting as key advisor to clients entering the fintech (including paytech, open banking, digital banking and financial APIs), blockchain and distributed ledger tech, AI/Machine Learning as a Service (MLaaS) in the auditing industry and digital asset sector. He has over a decade’s experience is assessing emerging technology and novel IP acquisition targets.
Ashlin has also worked in the Firm's London office and served as a Fellow to the World Economic Forum's Centre for the Fourth Industrial Revolution (4IR) in San Francisco as part of Baker McKenzie's partnership with the forum to address global, regional and industry policy issues in respect of 4IR technologies, conducting regulatory and policy research, and paper writing as part of the Digital Currency Governance Consortium (DCGC).
Practice Focus
Representative Legal Matters
- Advised 500 Startups in respect of its Series B2 investment in Shift South Pty Ltd (t/a SweepSouth), an online cleaning service company in South Africa, as part of the client's global venture capital seed fund, with a network of startup programs headquartered in Silicon Valley.
- Advised a client on crypto-asset regulation and licensing requirements, money transfer operator requirements and related queries in Nigeria, Ghana, Kenya and South Africa and coordinated a combined Africa review of local laws against funds flow structures and product options to assist its product team make key jurisdictional and ancillary decisions for expansion.
- Advised Anglo American Marketing Limited in respect of its Series C preferred stock investment in Sanergy Inc, a pioneering organic waste upcycling business with operations in Kenya and expansion plans in South Africa.
- Advised Brenntag South Africa Proprietary Limited on its acquisition of the respective chemical, food and adhesive businesses of Chemgrit Cosmetics Proprietary Limited, Chemgrit SA Proprietary Limited and Chemgrit Plastics Proprietary Limited.
- Advised Naspers on the 474,431 shares acquired in South African e-retailer, Takealot.com, acquired from Tiger Global Six T2 Holdings and certain minority shareholders.
- Advised OLX on the acquisition of Autotrader.co.za (Car Trader (Pty) Ltd), one of the largest online classifieds deals in South Africa.
- Advised PayPal Inc, an American multinational financial technology company operating an online payments system, in respect of a Series A funding round venture capital investment into a South Africa-based API-focused fintech start-up Stitch.
- Advised Wipro-Unza on its African market entry and acquisition of the Canway Group and portfolio of luxury brands.
- Provided advice and structuring of IT/C commercial agreements in respect of an Internal Audit Artificial Intelligence Solution including assessment of data privacy-related work, commercial regulation and service level contracting with various customers of the entity.
- Provided regulatory assessment and governance advice to a stablecoin-based settlement system in respect of its engagement with the South African Reserve Bank and licensing as a designated settlement system in terms of the National Payment System Act 78 of 1998.
Professional Honors
- Lexology Legal Influencer for Africa and Middle East - Financial Services
- Winner, Rising Star Award, African Legal Awards 2021
- Winner, Best Use of Technology, African Legal Awards 2020
Professional Associations and Memberships
- Law Society of South Africa
- International Bar Association
- World Economic Forum Centre for the Fourth Industrial Revolution (C4IR)
- South African Financial Blockchain Consortium
- Corporate Legal Operations Consortium
Admissions
- South Africa (2013)
Education
- University of Edinburgh (LLM, Innovation, Technology and the Law) (2020)
- University of the Witwatersrand (Advance Certificate in Company Law) (2015)
- University of Pretoria (LL.B.) (2010)
Languages
- English