Category: Asia Legal News

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India: FDI Policy Boosts Start-ups

India’s consolidated foreign direct investment policy was finally issued recently. The real estate sector is attracting significant foreign investment. Following up on last month’s activities, there was a further development relating to entry of foreign law firms in India. And a very important decision relating to […]

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Second Regional Law Firm Management Forum set for Singapore, Nov 3, 2017

The Australasian Legal Practice Management Association (ALPMA), along with the Law Council’s Australian Law Management Group, held its inaugural Regional Law Firm Management Forum in Singapore late last year.  The Second Regional Law Firm Management Forum is now set to take place Friday November 3, 2017, […]

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US law firms face possible roll-back of South Korean legal market access

As the Washington Post reported last week, U.S. President Donald Trump is contemplating withdrawing the United States from the Korea-U.S. Free Trade Agreement (KORUS).  As the Office of the United States Trade Representative (USTR) details on its website, KORUS entered into force on March 15, 2012, with […]

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International Bar Association (IBA) now offering Executive LLM on global legal issues

The International Bar Association (IBA) and King’s College London are now collaborating to offer an Executive LLM focused on preparing students to confront some of today’s most challenging global legal issues. In-house and private practice lawyers can advance their careers As King’s College London website details, […]

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Why is Africa becoming so important for Asian law firms?

Are you considering Africa? Asia? The opportunities for law firms are abundant. It is well known that China is Africa’s largest economic partner with reportedly an approximate growth of 20 percent per year across all sectors bringing with it incredible opportunities for established firms as well […]

Narendra modi

Indian Prime Minister Pushes For Entry of Foreign Law Firms

The activities relating to entry of foreign law firms in India gathered pace this month as the Government actively took initiatives. The biggest impetus to keep the momentum going was the Prime Minister’s views and directives to enable the Government machinery to expedite. Some major changes […]

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LexisNexis continues to help advance the rule of law in Asia-Pacific

Looking across the global landscape today, it’s not hard to see the serious and often severe challenges facing society, particularly for the four billion people living outside the umbrella protection of the rule of law. As a company, the LexisNexis core mission to advance the rule […]

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In-house Associations HKCCA and ACC Form Alliance to Better Serve Hong Kong Legal Community

Though in-house lawyers may work across dozens of industries and for hundreds of different companies, their concerns, challenges, and goals share more similarities than differences. Peer-to-peer networking opportunities, education focused specifically on the needs of working in-house, and resources tailored to corporate practice are invaluable in […]

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Chief Justice of India Inclined Toward Entry of Foreign Law Firms

India’s fast track regime for FDI approvals has become a reality now with the publication of the standard operating procedures in this regard. An additional condition has been proposed in Mauritius which will add to the compliance for companies routing their FDI into India through the […]

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India: Fast Tracking FDI approvals

India is moving towards a fast track regime for FDI approvals. The Government has initiated the process for creating standard operating procedures in this regard. FDI, being a critical factor, has contributed to improving India’s balance of payment. The growing importance of India can be gauged […]

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The Impact of third party funding on Hong Kong as a centre for International Arbitration

As recently as 14th June 2017, Hong Kong became the latest jurisdiction to permit third-party funding in international arbitration by passing legislation to amend the Arbitration Ordinance (Cap. 609). The amendment is likely to take effect later this year, giving time for a code of conduct […]

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Modi’s Third Anniversary Achievement – India Retains Top FDI Recipient Rank

India was able to retain its top position in greenfield foreign direct investment (FDI) by beating China and the United States for the second year in a row. The Government’s continuous efforts to improve the FDI climate in the last year have achieved desired outcomes. As […]

Rashtrapati Bhavan

India’s Law Commission Frames Rules to Recognise Foreign Lawyers

The Supreme Court has expressed its concern over unsatisfactory regulatory mechanism governing the advocates and observed in a case that there was an urgent need to review the provisions of the Advocates Act, 1961. The Law Commission of India, a body which looks into legal reforms, […]

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Legal services disruption in India: Risks and opportunities

For those lawyers and legal services sector professionals about to gather in Mumbai for IDEX Legal’s Asia Law Firm Management Congress (ALFMC) April 20th – thoughts of legal market liberalization and change hastened by technology are taking center-stage. But what do these things mean?  And what […]

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India Beats Demonitisation to Remain Fastest Growing Economy

India remains the fastest growing economy notwithstanding the predicted contraction due to demonitisation last November. This fact was also recognized in the recent elections in five states, where BJP was a winner in four states. The party at the centre, BJP was able to secure the […]

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India: Budget Boost for Foreign Investment

Foreign Investment got a fillip in the Union Budget presented by the Finance Minister, Arun Jaitley earlier this month. It marked the best budget-day gain for Indian stocks in 12 years, with the Bombay Stock Exchange’s (BSE’s) benchmark Sensex gaining 1.74% to close at a three-month […]

India Sixth Great Power in 2017

While the Indian economy seemed to have recovered from the demonitisation drive, the year began on a promising note with India making it to the sixth position in a global list of top eight great powers in 2017. Although political parties are gearing up for upcoming […]

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Malaysia’s Chief Justice and Bar President express support for NewLaw

Chief Justice Tun Arifin Zakaria said allowing more tasks to be done online – from online filing for criminal matters and appeals to online bidding on auctions – would improve accessibility and better serve the public. “The E-bidding system will make the process more transparent and […]

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New book “Big Law” “exposes the secrecy, deception, and machinations” underlining powerful mega law firms

A new novel entitled “Big Law” was published today by author Rob Liebman (@RonSLiebman) and publisher Penguin Random House.  Big Law, as the novel’s website details, “exposes the secrecy, deception, and machinations” underlining powerful mega law firms.  John Lescroart, in review of Big Law, described it […]

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India becomes World’s Fifth Largest Economy

India beat all forecasts to become the world’s fifth largest economy way ahead of the 2020 prediction. The growth of the economy is led by Government initiatives like ‘Make in India’ and surging foreign direct investment. Fifth Largest Economy – India was finally able to overpower […]

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30 people to watch in the business of law in Asia in 2017

As we approach the beginning of 2017 — Asia Law Portal continues its’ tradition begun in 2015 and followed up in 2016 — of naming 30 people to watch in the business of law in the coming year.  In retrospect — 2016 represented a year of […]

6th Annual Private Equity and Venture Forum set for Jakarta April 27, 2017

The 6th Annual Private Equity and Venture Forum set to take place April 27, 2017 at the Mandarin Oriental, Jakarta, Indonesia. For 6 years the AVCJ Indonesia Forum has been the premier meeting place for the leaders of the alternative investments industry in the region. From […]