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Special purpose acquisition vehicles (SPACs) have been around since the 1990s, but it’s only in the past few months that they have really exploded in the public imagination. As companies with no commercial operations that are formed strictly to raise capital through an initial public offering to acquire an existing company, SPACs have helped to fuel $63 billion of IPO fundraising worldwide in January this year.
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Environmental, social and governance (ESG) has become an indispensable part of the corporate conversation. While it is a key component of long-term value and business resiliency; a strong ESG programme may
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With COVID-19 travel restrictions expected to hold firm for the next few months at least, lawyers are continuing to rely on remote working practices. In the field of arbitration, this adjustment has been rather smooth, as the pandemic accelerates trends already in process, but Francis Xavier SC, regional head of the dispute resolution group at Rajah & Tann and the immediate past president of the Chartered Institute of Arbitrators (CIArb), says that this also comes with risks.
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With the Panama and Paradise Papers scandals still fresh in the memory, a recently released OECD report has warned that lawyers, accountants and other professionals continue to play a “key role” in cross-border financial crime as “professional enablers.”
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Since Europe’s GDPR came into force more than two years ago, data privacy and protection have become priorities for regulators and businesses across the Asian region. Between 2019 and 2020, a flurry of data privacy laws was developed, with China, Singapore, Sri Lanka, Thailand, India, Japan and Hong Kong among those offering new guidelines and requirements. And still, more are expected, now bringing with them the prospect off larger fines than before.
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For many, the COVID-19 pandemic served as something of a reset when it came to professional priorities. As flexible working grows increasingly normalised, and some firms begin to make employee wellness a top priority, lawyers are also reconsidering their options moving forward. Recruiters and other industry watchers feel that this could be a time for established lawyers to consider lesser-known firms to call home.
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Less than a decade after it came in from the cold, Myanmar is once more facing the freeze. Since the military forcefully seized power on Feb. 1 over unhappiness with the country’s elections, huge crowds of anti-coup protesters have taken to the streets daily. The crackdown seems to be intensifying, with police opening fire on protesters and threatening further violence.
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Since Thai merger control regulations came into force in December 2018, the country’s competition authorities have begun to step up their enforcement against misconduct. And last year saw the efforts cranked up a notch.
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Officials and members of Hong Kong’s legal profession have been vexed by a recent Financial Times that reported that international corporations working on deals in Asia – or entering into joint ventures with Chinese and other Asian counterparties – were considering excluding Hong Kong from governing law and arbitration clauses in legal contracts over concerns about the erosion of Hong Kong’s autonomy.
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Anderson Mori & Tomotsune recently broke ground as the first Japan Big Four law firm to allow foreign lawyers to become equity partners. Atsutoshi Maeda, partner at the firm, recently spoke to ALB about why adaptability is critical for law firms in the country, and more broadly in the region.