KHAI KWAN LAWYERS

Hello been a busy week experimenting with the various platforms. Check out my experimental bot on the right side or IF you are up to it check out my amendments to AS 4902 – Building Contract on behalf of the owner.

Working on a solar assistant that can calculate one’s costs benefit of owning a solar and answers a host of question. Please test it out https://khkwan.com/solar/
A copy of the code that is driving this in part can be found here (you need to sign-up though), https://replit.com/@ecorpnu/Testsolar-lead-gen-gpt-template

Is so easy now you only need to combine your docs and presto the AI will “converse” with you based on what little it knows about the docs. Here is the proof. Note I was working on this as a demo directed at a client.

Hell most brilliant assistance. check out my testing using Claude trained on Resident Return Visa Domain and see what answers it gave.

Was travelling with my Client Takada Asset Management in JKT for signing several MOUs and working agreements with locals and corporations.

https://news.majalahhortus.com/gppi-dan-takada-asset-management-kolaborasi-tangani-kredit-karbon-kelapa-sawit/

Very interesting as Indonesia is preparing laws to have their own carbon exchange, applying Art 6 of Paris Agreement and also boosting their sea jurisdictional space. One of the main issue with Art 6 with NDCs is Accountability – ie no double dipping – create local carbon credit and designated for external usage. So far we can only see BLOCKCHAIN as a solution – transparent and immutable.

In Australia, the first place to go is the website to calculate how much can be originated.

Here is a short video on this.

For those who are inclined to read a bit more try the following

https://mootral.com/carbon-projects-carbon-credits/

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8420989/

https://groundtruth.co.nz/wp-content/uploads/2022/05/InfoSheet_9v3b.pdf

https://www.publish.csiro.au/AN/pdf/AN15222

For those familiar with Accreditation by third parties such as Verra, here is their take on cattles.

VM0041 Methodology for the Reduction of Enteric Methane Emissions from Ruminants through the Use of Feed Ingredients, v2.0

Working on a series of agreements to accommodate Art 6 of Paris Agreement so that carbon credits created (1) are endorsed by the governments. This is perhaps the most important issue given that in the last 14 years most were under the radar and local governments were not involved. The biggest take was when Indonesia took a stand by making an order that all projects in Indonesia will need to seek approval (https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/041422-indonesia-halts-carbon-project-verification-process-over-legal-concerns). The implications will be felt by current external proponents verifiers such as GoldStandard and Verra also served as a trusted registry for those volunteer carbon credits (bulk of all carbon credits). I envisaged that local governments would want to have their own process to be taken first similar to the process in Australia where they have https://www.cleanenergyregulator.gov.au/

Under Article 6, a host government has the right to decide whether mitigation outcomes achieved within its jurisdiction are authorised for use towards (i) an NDC ( Nationally Determined Contributions) of another country, and/or (ii) ‘international mitigation purposes’, which is generally understood to include use by an airline operator to comply with CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation), the international aviation sector’s offsetting regime.

So why fixed a unbroken process ? Traditional national governments have a role under the CDM process and after that is finished the process is now formalized in this Art 6. It is not a big surprise except for the fact that whenever regulation comes in the process will be costly, less efficient and eventually died a natural death. This can be seen by the popularity of the voluntary carbon market vs the CDM issuances. This is notwithstanding the expenses involved with the voluntary carbon market (say in GoldStandard which is the benchmark averaging close to 40K for registering (https://globalgoals.goldstandard.org/fees/) but excluding the costs of external Verifier (https://globalgoals.goldstandard.org/verification-validation-bodies/).

It is no secret that this cost shows the average costs of carbon sold on their markets is double digits while actually paid to the landowners or “guardians” is in single digits. Say

https://market.southpole.com/

https://marketplace.goldstandard.org/

Be that as it may, Art 6 perhaps will be able to assist. The pricing of carbon credits is perhaps the most difficult given different players, projects, and consistency even between themselves. This makes it very difficult for parties to distinguish other than by looking at a project that appeals to them rather than the scientific backing behind the technology to capture or avoid carbon emissions. A simple example, mangroves can take TEN times more carbon as compared to a real forest for the same area. This is because mangroves have a lot of utilities as it sits in the divide between the sea and river, most don’t even know it has a filter usage and mitigates flood. Most see mangroves as a development potential for beach-frontage.  On the other hand, some see forests through a romantic lens and therefore prefer such projects and would be willing to pay more for such carbons (this is also because it is less as it is TEN times less as compared to mangroves). Art 6 will allow the authorities to price what is basically unpriceable.

There is a good paper about Art 6 so please have a read (30+ pages) https://www.goldstandard.org/sites/default/files/documents/carbon_credit_rights_under_the_paris_agreement_november_2022.pdf

The paper above also alluded to the English law position on Carbon Credits in the case of Armstrong v Winnington [2012] EWHC 10, [2013] Ch 156

see https://www.bailii.org/ew/cases/EWHC/Ch/2012/10.html

Recently got jobs to do due diligence ESG on two industry telco and banks. Interestingly they score above average. To begin this is what I did (first to find out about how the data is collected)

Most start with S&P reports (https://github.com/monouns/ESG-AI-investment-by-streamlit) without realizing how those reports are generated (ie by survey input from the companies themselves and if there is no report returned to S&P, S&P will ‘input’ for the absent company to the best of their knowledge). In short, at best these are non-verifiable self-reports.

Some of the studies merely extract data from reports without doing any verification (see https://github.com/edgetrader/esg-nlp or https://github.com/aws-samples/aws-esg-evaluation-handson/tree/main/notebooks). Similarly even databrick has its own version of extracting data from self-reports to understand ESG https://github.com/databricks-industry-solutions/esg-scoring

This one provides a scrapping tool and dump data into a file for further analysis. I included this as it is normally a good starting point https://github.com/shweta-29/Companies_ESG_Scraper
The general formula in this extraction is to look for keywords such as policy and performance in the reports in the belief that having a policy or performance metrics somehow equate to accountability and therefore some measurable governance. The last step is usually to apply the result against financial ratios to sustain the relationship between ESG and Financial. See for example https://developers.refinitiv.com/en/article-catalog/article/esg-disclosures

Lastly we have an example of integrating into a portfolio by applying the resultant data (in this case extracted from Bloomberg) https://github.com/LucS12/ESG-Score-Integration or this one https://conscious-investing.herokuapp.com/ (using 2019 data).

Stay tune to the next step …..

Banks – the issue is not so much environment (other than their lending activities) the main issue is banks are subject to the “Social” side and “Governance” side of ESG. This following should give you an idea of where I am heading  click here to ABC site

This is basically what is wrong with a public service that is financed by its own revenue. The Public Trustee is supposed to help those who needed affordable expertise in arranging their after-death Will so that their beneficiaries will not be burdened. In brief, the deceased used one of those Free will available which means the Public Trustee is named as the Executor instead of the usual nominated party like a trusted family member. What happened next is even bizarre as the Public Trustee decided to contest the Will which was made 6 years ago on the count that the death certificate shows the deceased had dementia. This is despite no one has even raised this issue nor was there any evidence the deceased was not in her full faculties at the time when the Will was made out. In fact, ABC even stated that based on FOI obtained the Public Trustee actually got a mini-mental test done just 3 days prior to making the will from its Solicitor. The Public Trustee charges its services like a law firm at a charge-out rate of $370/hr including telephone calls leaving the beneficiaries with a 20K bill to be reimbursed from the Will. It also has maintenance services fees for giving no services other than maintaining the account with them at $400.

The second story uncovered that the Public Trustee was supposed to look after the inherited funds for an underaged (less than 18). This usually occurs when one died without a Will, the super-funds of the deceased will go to their family and if one of them is less than 18, then the funds will be managed by Public Trustee until 18. The sad part is that instead of getting a professional fund manager or buying a simple index, the shares in the funds were sold at the bottom of the GFC and then remained as cash for the next 14 years. In short, the inheritance was at 70K before GFC and now only 35K after deducting fees and losses in the GFC. Granted Public Trustee is not a fund manager but the prudent way is to have invested them in fixed deposits or govt securities and not in shares and sold at the bottom.

You can click here to watch the video by ABC https://www.abc.net.au/7.30/queensland%E2%80%99s-public-trustee-agency-faces-questions/14000882

We are currently building a will2probabate system. This means from a WILL to getting Probate semi-automatically. I say semi because not all the processes can be automated as it is within the prerogative of the Court. If you wish to support us go to https://www.paypal.com/pools/c/8LX9tTeiC4.

Hello been a long time since I posted here. A shout out to a client then who managed to transfer his NFT Patent licenses to his Spatium Wallet. He send me this video to show how it looks on his mobile phone. The reason for the same PIX is because he had divided them into different jurisdictions which is only differentiated by ID number. The unique NFT is found in the ID and in this case each one of them is embedded with a License framed for specific jurisdiction like California and so on. Mike told me he will be minting again on my https://poly.nftpatent.net with different PIX to show different jurisdictions. Once minted they will be offered on https://opensea.io/michaeljuniorspruill