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Singapore’s Ministry of Law has announced it will extend its third-party funding framework as the city-state continues its push to stand out as a leading arbitration hub.
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Huen Wong, a former Greater China managing partner at both Simmons & Simmons and Fried, Frank, Harris, Shriver & Jacobson, has launched a sole proprietorship focused on arbitration and mediation, Asian Legal Business has learnt.
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The recent announcement of the launch of cross-boundary wealth management connect pilot scheme, known as the Wealth Management Connect, in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has generated a lot of interest and support from both the financial and legal sectors in Hong Kong.
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Non-fungible tokens (NFTs) have gone mainstream. Public figures from tennis star Naomi Osaka to TV legend William Shatner have gotten aboard the NFT train, creating unique digital assets for a hungry, hyped-up market. The NFT bubble is so big, it has even entered socialite and crypto-enthusiast Paris Hilton’s dreams, according to a recent interview.
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South Korea is currently witnessing a flurry of unicorns, driven by government support and pandemic-related factors, with successful start-ups increasingly looking to stock markets overseas for bigger investments.
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With the COVID-19 pandemic moving meetings and job interviews online, it is no surprise that professional development has also adapted to meet these uncharted times.
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The pandemic and prolonged work from home arrangements have given many causes to carefully consider where they base themselves, their families, and their assets — particularly as travel restrictions complicate mobility. One compelling, but perhaps not obvious, choice, is Ireland.
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Linklaters appointed William Liu as its new regional managing partner for Asia. A former head of China, and head of the Asian capital markets practice, Liu talks about his priorities going forward.
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Thailand’s digital assets industry has been booming in recent months. According to the country’s SEC, cryptocurrency trading accounts have rocketed from 160,000 at the end of 2020 to 470,000 by the start of February. In March, the Bank of Thailand (BOT) issued policy guidelines on how stablecoins are to be regulated, but these still leave many areas of ambiguity for lawyers and businesses in the market. 
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Magic Circle firm Clifford Chance is closing its office in the South Korean capital of Seoul, nine years after it was established.