When the U.S.-China trade war began, it triggered a sudden rush to rethink and diversify supply chains. Some in Hong Kong sought to deploy the ﬁrst sale rule, while others looked to strengthen their footprint in other markets in a bid to round out their Asia presence.
On Aug. 11, the Standing Committee of China’s National People’s Congress (NPC) passed a decision to implement pilot measures that will allow Hong Kong lawyers to practice in nine cities in the Greater Bay Area. Lawyers in Hong Kong and on the mainland say the measures provide more room for the professional development of Hong Kong lawyers, and facilitate the growth of legal services on the mainland.
In a recent development in India, the Central Board of Direct Taxes (‘CBDT’) has authorised the Indian tax authorities to share ‘relevant and precise’ information with the Competition Commission of India (‘CCI’).
The Covid-19 situation has accelerated digital transformation across the globe. Many organizations in Thailand, started to use e-meetings as an alternative to physical meetings during the early stages of the spread of Covid-19 in order to reduce face-to-face contact. The use of e-meetings was further accelerated by city lockdowns, travel bans and implementation of work from home procedures.
The introduction of Singapore’s new Variable Capital Company (VCC) provides clear opportunities for investment fund structuring and domiciliation, explains Jay Moghe, Head of Asia Pacific Sales and Business Development at Ocorian, a global leader in corporate and fiduciary services, fund administration and capital markets.
Malcolm Kemp and Yeeling Wan, former partners of Stephenson Harwood, have established a boutique firm in Hong Kong called MB Kemp that specialises in dispute resolution and insolvency work.
Pavithra Anand, head of corporate legal at Decathlon Sports India, talks about why managing people is always a learning curve, how comfort leads to confidence, and the need for legal professionals to keep it simple.
AZB & Partners and Linklaters have advised Japanese financial services group Orix on its $980 million investment in India’s Greenko Energy Holdings (GEH), which was represented by Cyril Amarchand Mangaldas and King & Spalding.
Singapore Big Four firm Rajah & Tann has hired private-wealth specialist Craig Paynter as a partner from offshore law firm Bedell Cristin, where he was senior associate.
The COVID-19 pandemic has fundamentally changed many aspects of our lives, from the way we work to how we live. And in doing so it’s given rise to an increase in fraud.
The year 2020 will probably go down as one of the most tumultuous years in history. With the world seemingly on hold due to the COVID-19 pandemic, most activities and industries have ground to a halt. Since then, it’s been a very mixed bag of performances for M&A around the world.