With traditional ways of working turned upside down by the global coronavirus pandemic, and meetings largely being moved online, Thailand’s government has issued an emergency decree outlining electronic meeting regulations. While the response so far has been positive, there are a few areas where businesses are awaiting further clarity.
When the pandemic hit, law firms went into a state of emergency as they looked to mitigate the worst of the impacts. Now, as the conditions begin to evolve and economies look to re-open, firms are carefully weighing up what the picture may look like in the longer term. Assisting them are legal networks, which are working hard to ensure their members can operate at their best.
Like in other countries in Asia, Korean law firms found themselves affected by the COVID-19 outbreak, but they moved swiftly to mitigate the impact, and ensure business continued as smoothly as possible. In this roundtable, leaders of three of the largest Korean firms talk about the year so far, and the lessons they will take from the experience.
The past few months have been busy for Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo). Not only has he announced a flurry of regulatory guidelines and proposals, but he also has further areas of reform in mind. He recently spoke to ALB about what’s on the horizon for SGX, investors and business in Singapore.
As trade tensions between the U.S. and China continue to flare up, Chinese technology companies operating on American soil have become the latest targets of the Trump administration. And Trump’s recent targeting of Chinese-owned social media app TikTok is being seen as something of a harbinger for future sanctions.
Designing a compliance programme that is robust and yet flexible enough to span multiple jurisdictions and industries is an increasingly common challenge for businesses as they expand their presence across Asia’s varied countries. And regardless of where businesses may be located, there are a few essential elements to include, experts say, warning there can be significant costs for overlooking these.
When the U.S.-China trade war began, it triggered a sudden rush to rethink and diversify supply chains. Some in Hong Kong sought to deploy the ﬁrst sale rule, while others looked to strengthen their footprint in other markets in a bid to round out their Asia presence.
On Aug. 11, the Standing Committee of China’s National People’s Congress (NPC) passed a decision to implement pilot measures that will allow Hong Kong lawyers to practice in nine cities in the Greater Bay Area. Lawyers in Hong Kong and on the mainland say the measures provide more room for the professional development of Hong Kong lawyers, and facilitate the growth of legal services on the mainland.
The year 2020 will probably go down as one of the most tumultuous years in history. With the world seemingly on hold due to the COVID-19 pandemic, most activities and industries have ground to a halt. Since then, it’s been a very mixed bag of performances for M&A around the world.
Chinese investments and contracts in sub-Saharan Africa totalled $299 billion from 2005 to 2018, according to the China Investment Global Tracker, and in 2018, China said a further $60 billion would be invested into African nations. We speak to lawyers about what the hot countries and sectors are, and the challenges that Chinese companies face.
China recently unveiled a plan for the construction of the Hainan Free Trade Port, which aims to turn the island province into an open, world-class free trade port by the middle of the century. And as a series of reform measures involving customs, taxation and systems are rolled out, law firms are gearing up to service clients taking advantage of Hainan’s new status.