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.
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