Category: Asia Legal News

Asia-Pacific region foreign investment rules relaxed

A liberalization of foreign investment regulation is taking place across the Asia-Pacific region, according to a recent study conducted by international law firm Herbert Smith Freehills.  The study, entitled Asia-Pacific M&A Review, “considers performance in 2013 and looks forward to prospects for 2014 across Australia, China, Hong Kong, […]

Japanese law firms continue Asia expansion drive

Japan’s top law firms are continuing an Asia expansion drive in an effort to assist Japanese companies in their expansion drive in the region – as well as to capture market share from high growth economies in China and the ASEAN region. In January, The Global […]

US law firms likely to continue to follow clients to Asia

Anthony Lin, writing in The Asian Lawyer last week, outlined the prospects for American law firms in Asia for the foreseeable future.  The bottom line of Lin’s article comes down to Lin’s prediction that the Asian marketplace will continue to grow, continue to attract US business, […]

Marina bay sands singapore

Asia-Pacific M&A activity high, characterized by intra-regional deals

LegalWeek.com reported this week that “Dealflow and value in the Asia Pacific, excluding Japan, last year soared to its highest level since 2001, according to new data from Mergermarket.  The region saw 2,577 deal announcements in 2013 compared with 2,297 in 2012, marking a year-on-year rise […]

Cuenca ,ecuador

Ecuador and Latin America offer much to Asia’s investors

Latin America has become the most attractive and lucrative growing market and business opportunity in the world, and the second most important trade partner with China and Asia. A $4.8 trillion economy, US $26 Billion in China’s investment projects and US $261.000 million reached with China´s […]

Anshun bridge

Western China’s Financial Centers: Regulations Affecting Foreign Law Firms and Clients

Western China will experience a substantial influx of foreign investment as manufacturers gradually move inland away from the relatively developed and expensive east coast. Foreign goods and services are soon to follow, as Western China’s financial centers such as Chongqing and Chengdu experience increased demand for […]

The state of private equity in Asia in 2013

According to Ms. Julia Leong, Hong Kong’s Under Secretary for Financial Services and the Treasury, who spoke at the 12th HKVCA China Private Equity Summit on June 11 of this year, “the private equity industry is now a key player in Asia’s evolving financing landscape.” Ms. […]

US law firms set their sights on Asia

Phil Bolton of Global Atlanta reported yesterday that “With its acquisition of a California firm completed and the opening of a new office in Korea, the law firm of McKenna Long & Aldridge LLP will be increasingly committed to international work and focusing even more intently on […]

Will Hong Kong’s law firms adapt to new competition?

LegalWeek.com reported this week that Australia-based fixed-fee law firm AdventBalance “has brought its unconventional business model to Hong Kong with the opening of an office in the city”. The firm “seconds senior lawyers to clients’ offices for specific projects and transactions; agreeing a fixed payable amount for the […]

Myanmar’s first investment bank reflects the regions opportunity for professional services firms

The opening of the Myanmar economy to international trade and the democratization of the country have been widely reported around the world in recent months. As the New York Times reported: “After years of stagnation, change is coming to Myanmar at a rapid pace.  Since taking office […]

Floating ship in victoria harbour hong kong

Legal social media entrepreneurs gaining ground in Hong Kong

The Sheung Wan section of Hong Kong is an eclectic mix of the traditional and the modern – about a mile from the city’s gleaming office towers.  It’s here that I met Stephen Lai, Managing Director of Hong Kong-based Conventus Law.  A former Associate Publisher of Euromoney Legal Media Group(titles […]

Malaysia twin tower hazy view

Malaysian legal market opening to foreign firms

As the Star Online reported from Kuala Lumpur, the Malaysian Parliament [The Dewan Rakyat] passed the Legal Profession (Amendment) Bill of 2012, which will soon allow foreign lawyers to open offices and practice law in Malaysia. What practices will foreign law firms be permitted to establish? Lee Shih, Partner […]

Opportunities for law firms in Korea-US bilateral trade

The Inter-Pacific Bar Association Annual Meeting begins tomorrow here in Seoul – and I thought this would be a good opportunity to outline in particular what opportunities exist for lawyers in Korea and the US to capitalize upon the growing bilateral trade relationship between the US and Korea. Some background […]

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Chinese law firm Yingke enters the Israeli legal market – what’s next?

The Lawyer magazine (UK) has reported that one of China’s largest law firms, Yingke – has entered the newly liberalized Israeli legal market. The Lawyer reported that Yingke “merged with Israeli boutique firm Eyal Khayat Zolty, Neiger & Co, for its first step into the jurisdiction. The local firm has rebranded itself […]

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Latin America–Asia bilateral trade growth offers law firms new opportunities

The high growth and increasingly mutually engaged economies of Latin America and Asia offer significant new business development opportunities to law firms and other professional services firms – provided they put in place and execute plans to effectively secure new cross-border business. Latin America – Asia bilateral […]

South Korea’s lucrative legal market opens to foreign firms

As a result of two recent landmark free trade agreements between South Korea and the European Union and the United States, the South Korean legal market will now be open for American and European law firms. South Korea is the 4th largest market in Asia and […]

Impact of Asian legal market liberalization outlined at Seoul conference

The impact of legal market liberalization upon specific legal jurisdictions in Asia was the subject of a panel discussion last week at the Inter-Pacific Bar Association Annual Conference in Seoul, Korea. Lawyers in the midst of these changes which are bringing new competitive pressures upon regional domestic markets highlighted the […]

Asian legal market set to double by 2017

The Asian legal market is set to double by 2017, making it the world’s second largest regional market.  That’s what delegates from around the world attending the Inter-Pacific Bar Association’s (IPBA) 23rd Annual Conference in Seoul were told today (Wed April 18, 2013) by Alan Hodgart, a London-based consultant to […]