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Despite a raging pandemic, in the first half of 2020, the Hong Kong IPO market outperformed last year, boasting 64 new listings with funds raised reaching $87.5 billion, according to PwC. Based on KPMG data, at the end of the third quarter, Hong Kong ranks third globally in terms of IPO fundraising and number of listings in the year to date. In part, this upward trajectory is due to the trend of U.S.-listed China-based companies carrying out secondary listings in Hong Kong, and this trend is continuing to gather steam.
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Fintech in Indonesia is rapidly growing, buoyed by a young population, quick Internet adoption, and innovative new businesses. However, lawyers say that policies and regulations need to keep up with this growth, so as to ensure business innovation continues and customers are not left out in the cold.
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Babita Ambekar and Jonathan Goacher, former partners at London-listed firm DWF’s soon-to-be closed Singapore office, have joined CMS and Hill Dickinson, respectively.
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Georgia Dawson, Asia managing partner at Freshfields Bruckhaus Deringer, was recently named as the firm’s new senior partner. This made her the first woman to lead the firm in its lengthy history, and also made Freshfields the first Magic Circle firm to appoint a female leader. She tells Asian Legal Business about her plans to transform the storied firm.
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Corporate Japan’s lack of gender diversity is a widely known issue. While investors and the government have been pushing for greater female representation on company boards, women-only reportedly represent just six percent of board members at listed Japanese companies today, even though it represents a modicum of progress compares to three percent back in 2016.
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During a year unlike any other, the pressure has been on in-house lawyers to lead their teams through uncharted territory. But it’s not just about the work — lawyers are also ensuring their staff emerge ready to tackle an increasingly challenging legal landscape.
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DLA Piper has welcomed back real estate Ed Sheremeta as a partner from Ropes & Gray, where he spent nearly six years.
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Telecom giant Vodafone Group recently won an international arbitration case against the Indian government, bringing one the country’s most high-profile disputes — a $2 billion tax claim — to a close. According to an international arbitration tribunal in The Hague, India’s government has breached an investment treaty agreement between India and the Netherlands with its imposition of tax liability on Vodafone, Reuters reported. The tribunal has directed India to pay $5.47 million to Vodafone in compensation for its legal costs.
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As COVID-19 continues to sweep around the globe, Indonesia has found itself weathering an economic slump. For businesses, more than ever, this has emphasized the need for trusted expertise and savvy counsel. The firms featured have proven themselves as stand out operations for their commitment to clients, knowledge of the market and resourcefulness in the face of adversity.
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Last year, Singapore’s landmark Convention on Mediation formalised the city-state’s well-earned reputation as an attractive arbitration hub, with legal muscle and global recognition to back up its standing. But as the government continues to fine-tune the law and COVID-19 continues to cast a shadow, the market still has work to do.