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Cape Town legaltech startup NuvaLaw yesterday signed an agreement with The Hague Business Agency and other Dutch authorities to set up in Leiden, The Netherlands to initially partner with large insurance companies in the European country, especially in The Hague and Leiden.
The startup is one of three South African companies that will open offices in The Hague region, the Hague Business Agency said in a press release.
It follows an agreement signed yesterday by the three companies — Hystead Limited, IoT.nxt, and NuvaLaw — with the City of The Hague, The Netherlands Foreign Investment Agency (NFIA), The Hague Business Agency, and InnovationQuarter in Cape Town.
Founded in Cape Town in 2016, NuvaLaw creates inter-party negotiation and adjudication platforms that bring together smart technology, processes, and services to reduce the time and cost of legal information exchange and dispute settlement. The startup is currently focused on reducing inter-party costs between insurers.
Collaboration and Access to Justice are part of the DNA of NuvaLaw and so this region is a natural cultural fit for us as we expand into Europe
Commenting on the agreeement, NuvaLaw strategy director Maruis Conradie (pictured above, second from right) said the startup is taken by the open innovation that takes place in the Netherlands.
“The Hague region is especially attractive as it hosts many of the big insurance companies with whom we hope to partner. Collaboration and Access to Justice are part of our company DNA and so this region is a natural cultural fit for us as we expand into Europe,” he said.
NuvaLaw is currently focusing on the resolution of personal injury claims and is working closely with insurers and legal companies in the UK, South Africa, Europe and Australia.
The company is an alumnus of the Startupbootcamp in London and is also engaging with The Hague Institute for Innovation in Law.
Featured image (from left to right): Hyprop Investments executive Wayne Abegglen, Director of Economic Diplomacy and Transition Guido Landheer, Deputy Mayor of The Hague Karsten Klein, Strategy Director NuvaLaw strategy director Maruis Conradie and Netherlands Foreign Investment Agency commissioner Jeroen Nijland (Supplied).