Tag: Asia Pacific Legal News

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Hong Kong Provisional Liquidation Meets Singapore Moratorium: Re CW Advanced Technologies Limited

In a ground-breaking decision, the Hong Kong Court in Re CW Advanced Technologies Limited [2018] HKCFI 1705 explains: (a)  the interface between the Hong Kong provisional liquidation regime and Singapore’s new insolvency regime;  and (b) how both regimes could work in tandem to help restructure a Singapore-based pan-Asian […]

Cityscape

Vietnam Investment Guide 2018

It is our great pleasure to introduce our 2018 edition of our Investment Guide for Vietnam. Understanding the ins and outs of opening and developing a business in Vietnam can often be daunting. The latest investment guide identifies some of the important pitfalls, difficulties and solutions of […]

Kuala lumpur city

The Duty To Report Suspicious Transactions Under Anti Money Laundering Laws In Relation to 1MDB and other scandals in Malaysia

As we usher in the new Malaysia and the revival of Rule of Law, we hear of scandal after scandal being disclosed as the new government assume the reins of power. The new cabinet ministers are no doubt working hard with rolled sleeves to manage the […]

Palace of Versailles

India World’s Sixth Largest Economy

India became the world’s sixth largest economy recently. However, its economic outlook forecast was marginally reduced. In its continued effort to improve ease of doing business, India announced results of States and Union Territories’ performance in Ease of Doing Rankings. India also became home to the […]

Capital of south korea

Work life balance across Asia – and how things are changing

South Korea is well-known across Asia for its long hours and ‘workaholic’ culture. According to statistics from the Organisation for Economic Cooperation and Development, South Korean employees worked for an average of 2,024 hours in 2017 – meaning the country places third in the world rankings […]

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APAC regional legal tech conference LexTech launches AI assistant

APAC regional legal technology conference LexTech has launched an AI assistant to help facilitate a better conference experience, making its services available through Facebook Messenger — a first in the local legal tech industry. Called, LEXi, the Artificial Intelligence chatbot was developed by Malaysia’s CanChat and will focus on addressing enquiries […]

Malaysia twin tower hazy view

Corporate Internal Investigations, Conflicts of Interests and The Outside Counsel And Financial Accountant

In the current difficult operating environment of government linked companies and the reported incidents of hidden corporate scandals in Malaysia, new corporate leaders and incoming board of directors are faced with the risks of personal liability for breach of directors duties and breach of employment contracts […]

Dewi savitri reni

Indonesia Looks to Simplify Business Licensing With OSS System

As part of the push by the administration of President Joko Widodo to improve the ease of doing business in Indonesia and increase investment, the government has issued Government Regulation Number 24 of 2018 regarding Online Business Licensing Services (GR 24), which was signed and came […]

Petronas twin towers kuala lumpur

Common Reporting Standards – Impact in Malaysia and ASEAN

The Common Reporting Standards (“CRS”) aims to enable tax authorities to tackle offshore tax evasion by providing a greater level of information on their residents’ wealth held abroad. As a party to the Convention on Mutual Administrative Assistance in Tax Matters, Malaysia already has laws in […]

Sydney

Legal Procurement Conference APAC 2018 set for Sydney on 24 July 2018

Hosted by the Buying Legal Council and Lawcadia, the event is a powerful platform for buyers and sellers of legal services to network and learn, share best practices, launch new initiatives, get motivated, and inspire the legal industry as a whole. The conference encourages dialogue, discussion and formal and […]

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LexTech18 regional legal tech conference set for Kuala Lumpur, Oct 25-26, 2018

LexTech18 regional legal tech conference is set to take place in Kuala Lumpur, Malaysia, Oct 25-26, 2018. LexTech brings together private, public and regulatory organizations to share new ways of thinking, build strong partnerships, and define new strategies to compete in Asia’s ever-changing legal landscape. In […]

Wan chai hong kong

Trust, Confidence & Anti-Avoidance – Will Hong Kong Decisions Impact Australia?

Hong Kong and Australia have always enjoyed something of a shared history. Both former British colonies. Both legal systems based on the English common law. Australian judges are invited to sit as non-permanent members of the Hong Kong senior courts. And although not binding, the Hong […]

Victoria peak

KorumLegal Expands People, Process and Technology Capabilities in Hong Kong, Singapore and London

Addition of Danh Nguyen, Bill Novomisle and Tanya Rolfe demonstrates growing demand for broader legal solutions offerings across APAC region. The landscape for legal solutions is shifting in Asia with KorumLegal recently adding three significant hires.  KorumLegal bills itself as “a boutique legal solutions firm providing […]

Mount Austin

Provisional Liquidators’ Restructuring Powers Clarified: China Solar

The Court of Appeal decision in Re Legend International Resorts [2006] 2 HKLRD 192 had caused many to doubt if provisional liquidators appointed in Hong Kong could play a restructuring role at all. Twelve years later, in Re China Solar Energy Holdings [2018] HKCFI 555, Harris […]

Bangkok

Telecommunication Licensing in Thailand

The Telecommunications Business Act B.E. 2544 (2001) (“TBA”) provides that a person operating a telecommunications service in Thailand is required to obtain a license. “Telecommunications Service” is defined under the Act on the Organization to Assign Radio Frequency and to Regulate Broadcasting and Telecommunications Services B.E. […]

Taj hotel mumbai

India’s Economic Growth Scores Highest in World Bank Report

India’s economic growth prospects received a major boost from the World Bank and the Government of India reports. The Government also simplified the reporting of the foreign investment by Indian entities. The Government’s increasing focus on intellectual property rights and its awareness resulted in creation of […]

China floating solar panels

Energy Security and Climate Change in East Asia-Trilateral Cooperation towards a Sustainable Future

China, Japan and South Korea are undergoing rapid and comprehensive transformations in developing the intelligent and sustainable use of energy and other natural resources. These changes are driven by new strategies towards energy security and climate change mitigation. Given that future China-Japan-South Korea energy cooperation will […]

Bangkok bridge

Madrid Protocol in Thailand

After a very long wait, on 7 November 2017, Thailand finally effectively acceded to the Madrid Protocol (MP). The Trademark Act, B.E. 2534 (1991), as amended by the Trademark Act (No.2) B.E. 2543 (2000) and the Trademark Act (No. 3) B.E. 2559 (2016), was amended in […]

Ian lim

Singapore’s new employment regime – a brave new world

By this time next year, Singapore will have a rather different employment regime from any it has had since independence. One aspect of this needs to be carefully thought through. About ten years ago, a distressed Norwegian client consulted me. His company’s Singapore office had a […]

New technology

Why Legal Practices Should Embrace Technology

Technology has changed virtually every industry, including the legal profession. New technology, cutting edge apps and software, and automation have all helped reduce expenses and drastically increased productivity. However many people are still hesitant to completely embrace technology, including legal professionals. Here are a few reasons […]

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Reed Smith and Resource Law Managing Partners explain the strategy behind their Singapore alliance

Reed Smith formed an alliance with Singapore’s Resource Law in 2016 to strengthen its local expertise and client offering of a one-stop-shop service, and to help it stand out amid a highly competitive environment for both international and local firms in Singapore. The alliance has also allowed the firm […]

Cadia

How the GC can move beyond relationships to more strategic selection of outside counsel

As the legal industry evolves, in-house teams are under increasing pressure to demonstrate a commitment to innovation and transformation. However, as legal departments accept and even embrace the need for change, one element stubbornly resists transformation. Despite the growing availability of digital technology designed to assist […]

Akshardham delhi

India Attracts Largest E-Commerce Deal

India’s potential for high growth in retail came to the forefront with the acquisition of its biggest homegrown online retail company. The high economic growth prospects were reaffirmed by the IMF. There will be a new system for monitoring of foreign investment in listed entities. The […]

Beijing skyline

China announces plans to further liberalize its’ legal market

China Daily reports today that China “will further open up its services sector by expanding a pilot program for innovative development of trade in services.”  The decision was taken yesterday at an executive meeting of China’s State Council, chaired by Premier Li Keqiang. As a result […]

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Today’s Lawyers Need Technology Training

Introduction Back in November, a group of people gathered in Hong Kong to brainstorm on using block chain technology in legal transactions. They discussed ethereum and cybersecurity, before debating the benefits and dangers of Artificial Intelligence (AI). These weren’t computer programmers looking to create a new […]

Royalty

Asia ADR Week 2018: A platform for Asian-centric ADR trends and economic developments

The Asian International Arbitration Centre will present its inaugural edition of the ASIA ADR WEEK 2018, from May 05, 2018 – May 07, 2018 at the AIAC at the Bangunan Sulaiman, Kuala Lumpur, Malaysia. In this Q&A article with Asia Law Portal, the AIAC explains the unique significance […]

Businessman

NewLaw firm Vario to expand into Singapore

Pinsent Masons will launch its NewLaw flexible consulting service, Vario, in Singapore in mid-2018. Vario was first established in the Asia-Pacific region in Australia in July 2017.  The firm reports it is witnessing increased client demand for its flexible lawyer solution globally, including in Asia. In […]

Lesley hobbs

NewLaw expands in Asia with the addition of Cognatio Law in Hong Kong

NewLaw industry veteran Lesley Hobbs announced in February the launch of her own firm Cognatio Law to “satisfy the growing demand within Hong Kong’s legal market for flexible and cost-effective legal services [for large and small companies]. ”  As the firm details in a press release: […]

Supreme court of india

India virtually closes the door to entry of foreign law firms

The much awaited verdict of the Supreme Court of India was pronounced recently which virtually closed the door for entry of foreign law firms. The Government has drafted an updated defence policy which seeks to increase foreign direct investment in the sector. India and Canada have […]

Tv tower

Inaugural Asia ADR week set for Kuala Lumpur, May 5-7, 2018

The Asian International Arbitration Centre will present its inaugural edition of the ASIA ADR WEEK 2018, from May 05, 2018 – May 07, 2018 at the AIAC at the Bangunan Sulaiman, Kuala Lumpur, Malaysia. ASIA ADR WEEK 2018 will cover key issues including the promotion of […]

Annual foreign law firms conference

Asian law firms prominent at Israel’s 4th Foreign Law Firms conference

Israel’s 4th annual foreign law firms conference took place on February 26 in Tel Aviv. Organized by Robus Legal Marketing in association with the Tel-Aviv District of the Israel Bar Association, the conference brought together over 400 attorneys, with over 130 representatives from law firms around […]

Taj mahal palace & tower

Asia Law Firm Management Congress set for Mumbai, April 12, 2018

The second annual Asia Law Firm Management Congress (ALFMC) will take place April 12, 2018 at The St. Regis Hotel in Mumbai, India. Following up on a successful inaugural event last year where over 70 lawyers and management professionals from law firms across the region gathered to share ideas and debate the […]

Marina city park

TechLaw.Fest to take place in Singapore, April 4-6, 2018

TechLaw.Fest, scheduled to take place in Singapore, April 4-6, 2018, will bring together more than 3000 attendees, including leading thinkers in the space of Technology Law and Legal Technology. Jointly organized by Singapore Academy of Law (SAL) and CORP, TechLaw.Fest will combine the ‘Law of Tech’ […]

Bandra

Sweeping Changes to India’s FDI Policy

2018 began with a bang for foreign investors as India made multi-fold changes to its FDI Policy. The IMF also forecast India would become the fastest growing economy in 2018 and 2019. The Bar Council of India denounced the changes suggested by the Law Commission of […]

Mark schroeder

Big4 vs BigLaw in Asia: What makes Deloitte Legal unique?

Competition in legal services in Asia is acute.  Among the competitive pressures traditional law firms face in Asia is the drive by Big4 accounting firms to gain legal market share.  In this Q&A interview, Asia Law Portal asks Mark Schroeder, Senior Legal Consultant with 勤理 China […]

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Asia-Pacific Investors: How to Avoid Legal Risks When Investing In California

What Legal Risks Do Foreign Investors Take When Expanding into an Overseas Market? If you’re running your own business and it’s been doing great in your own country, you might have looked into expanding its current reach to a foreign country so that you can share […]

Stefanie yuen thio

Stefanie Yuen Thio of Singapore’s TSMP Law explains how to build a successful boutique legal practice

Stefanie Yuen Thio is Joint Managing Director of TSMP Law Corporation in Singapore, leads the firm’s M&A and corporate practice and co-manages the firm. TSMP is regarded as one of Singapore’s handful of “go to” independent firms for cutting edge Wall Street work and was named SE Asia’s […]

Lawyer

Innovating in-house legal in Asia Pacific

Peter Connor is Founder and CEO of AlternativelyLegal.  The Australia-based former in-house counsel conducts ‘Everything But The Law’TM innovation sessions for in house lawyers throughout the Asia-Pacific region.  He recently delivered the keynote speech at the InHouse Community Annual Congress in Hong Kong to over 600 attendees on the evolution of the […]

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The New Year’s Resolutions lawyers should make for 2018

Go to the gym more, eat less chocolate, save more money – all common New Year’s resolutions and ones which, by February, will inevitably be broken. But, there is one resolution all lawyers should make and commit to for 2018 – creating more time for their […]

Capital of south korea

A Guide to Asia-Pacific Region Arbitration Hubs

As Asian Legal Business recently detailed:  “Arbitration as an ADR mechanism has been steadily gaining traction across the Asia Pacific region. This is in particularly accelerated by the several recent legal developments and regulatory changes such as Third Party Funding legislations and Investment Treaties. In addition, […]