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.
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.
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.
In its annual list, ALB picks out Asia’s outstanding lawyers working with offshore law firms. These legal professionals have exceeded client expectations and requirements, delivering high-quality advice and support, and being recognised by their clients for the same. The lawyers in the list were selected based on client recommendations sent directly to ALB. A few lawyers have been profiled below.
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.
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.
Despite the challenging times witnessed by the legal industry since the outbreak of the pandemic, smaller law firms have punched above their weight in terms of work handled and services delivered. In its annual list, ALB is spotlighting 25 such firms which have overcome obstacles and continue to make an impact on the market. The list is in alphabetical order and some firms have been profiled
Compared to some years ago when the Indian legal market was dominated by big names, we are now seeing the emergence of cutting-edge boutique law firms that are rivalling the former expertise and client service. Leaders from three such firms speak to ALB about their firms’ strategies, the impact of the pandemic and their future plans.
In India’s 2021 budget, Finance Minister Nirmala Sitharaman proposed merging the four acts that presently govern capital markets and securities, namely the Securities and Exchange Board of India Act, 1992 (SEBI Act), the Depositories Act, 1996 (Depositories Act), Securities Contracts (Regulation) Act, 1956 (SCRA) and Government Securities Act, 2007 (Government Securities Act), to form a single securities markets code.