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Han Kun Law Offices has brought on #Wang Yu#, a seasoned capital markets expert, as a partner at its New York office, who will also extend his expertise to Hong Kong as a registered foreign lawyer. Previously, Wang was a...

‘Three flows’ protection against false invoicing criminal risk

By Ding Wen, Starrise Law Firm
Special value-added tax (VAT) invoices are issued by the state tax authorities to manage VAT collection and record VAT amounts on goods and services. Most importantly, they are used for tax deduction. In practice, taxpayers also issue fraudulent VAT...
Stephenson Harwood’s alliance firm in Singapore, Virtus Law, has appointed partner Eunice Yao to enhance its expertise in capital markets, M&A and fintech. Lauren Tang, managing partner at Virtus Law, said: “In line with the wider Stephenson Harwood strategy, we...
AnJie Broad has added partners Zhang Zhewen and Zhou Minchao to its Shenzhen and Xiamen offices, respectively, enhancing its private equity and IP capabilities. Zhang specialises in PE/VC, M&A and overseas listings. Previously, he was the general manager of the...
The European Union (EU) revised the proposed tariff on Chinese-made electric vehicles (EVs) to 36.3%, down from its initial proposal of 38.1% in June. Many Chinese carmakers have plans to set up manufacturing plants in Europe to save costs and...
Latham & Watkins, Freshfields Bruckhaus Deringer and Ashurst have advised CK Infrastructure Holdings (CKI), an arm of Hong Kong tycoon Li Ka Shing’s business, on two UK transactions. The Hong Kong-listed CKI completed a secondary listing of issued shares in...
Thai law firm Pisut & Partners has strengthened its dispute resolution practice with the addition of international arbitration partner Dutsadee Dutsadeepanich in Bangkok. Dutsadeepanich will not only focus on arbitration work, both domestically and internationally, but also play a pivotal...
Kim & Chang and Shin & Kim are assisting on Swedish investment organisation EQT’s acquisition of KJ Environment, a South Korea-based waste treatment company. The companies involved didn’t disclose the deal value, but Reuters reported an estimate of KRW1 trillion...

Tighter listing rules on main boards fuel favour for fledgling BSE

By Miao Ding, Kangda Law Firm
As a crucial component of China’s multi-tiered capital market, the Beijing Stock Exchange (BSE), established in September 2021, is approaching its third anniversary. According to official data, 239 companies with a total market value of RMB449.64 billion (USD62.73 billion)...
Indonesia’s ARKO Law has hired Dani Indrawan as a new partner, boosting the firm’s banking and finance practice. Michel Rako, partner at ARKO, said: “Dani’s addition to our team enhances our ability to serve clients with complex financial matters and...
The Ministry of Corporate Affairs has released a notification amending the Companies (Adjudication of Penalties) Rules, 2014. This amendment provides that all proceedings before the adjudicating platform under the rules shall be in electronic mode only. This includes proceedings...
In a circular issued on 5 August 2024, the Securities and Exchange Board of India (SEBI) has directed asset management companies (AMCs) to implement a structured institutional mechanism aimed at clamping down on various market abuses. The mechanism aims...
The governments of the UK and India have announced a new technology security initiative aimed at boosting economic growth through investments across emerging technologies such as – telecoms, critical minerals, artificial intelligence (AI), quantum, health and biotechnology, advanced materials...

Bond issuance regulations for Chinese companies listed overseas

By Wang Jin and Patrick Hu, Han Kun Law Offices
The year 2023 marked the beginning of China’s systematic and regular oversight of overseas listings of Chinese enterprises, and those already listed abroad. With relevant policies in place for more than a year, this article aims to provide insight...
Insolvent Liquidation Under BVI Insolvency Act

Insolvent liquidations in the British Virgin Islands

By Edmond Fung, Loeb Smith Attorneys
Liquidations in the British Virgin Islands can be either an insolvent liquidation governed by the Insolvency Act 2003 (as amended), or a solvent liquidation governed by the BVI Business Companies Act (as amended). This article provides a brief overview...

The slippery slope of reverse passing off

By Karan Kumar Kamra and Ashutosh Upadhyaya, Anand and Anand
Reverse passing off (RPO) occurs when an unrelated third party appropriates the products of the rights holder, removes/effaces its marks, refurbishes/repackages the same and either sells it under its own mark (express RPO) or under no mark (implied RPO). Such practice results in...
DLA Piper, Haiwen & Partners, Linklaters and JunHe have assisted on Ping An Insurance’s issuance of USD3.5 billion in H-share convertible bonds, which is the largest of its kind to date under Regulation S of the US Securities Act. The...
Employee dismissal between countries

Employee dismissal in China, Germany, Singapore and US

By Tracy Liu and Larry Lian, Jingtian & Gongcheng
Inevitably, companies have to deal with employee dismissal. Labour laws and judicial practices on employee dismissal vary significantly between countries. Chinese companies with multi-regional operations overseas must understand and comply with the local laws and practices of their investment...
Cambodian law firm Bun & Associates has launched a Korea desk, capitalising on recent market developments and strengthened bilateral relations between Cambodia and South Korea, Asia Business Law Journal has learned. The establishment of the Korea desk, which adds to...
Baker McKenzie and Freshfields Bruckhaus Deringer have advised Hong Kong-listed Global New Material International (GNMI) on its acquisition of Surface Solution, the business unit of Germany-headquartered Merck, for EUR665 million (USD730.3 million). The transaction is subject to regulatory approval and...
Role KYC Associate - 17160/VTA Location Hong Kong, China Job Description An excellent opportunity awaits an experienced Legal Associate to join one of the world’s leading private investment firms in Hong Kong. You will report to the Legal Director and Asia General Counsel, collaborating...
Silkroad, Anchorite and Sage Law Firm has added Gary Yang as a partner in its Shanghai office. Previously, he was a partner at Dacheng Law Offices and a member of the global environmental, social and governance (ESG) management committee. Yang...
Jingtian & Gongcheng expands its Beijing team with the addition of partner Zhao Hongying. The IP specialist, with around 10 years of experience in this field, is a qualified patent attorney, and has been advising clients on patent applications, invalidations,...
The Chongqing-headquartered Baijus Law Firm has extended its reach to Shanghai  a month after the launch of its Beijing branch, marking a significant step in its bid for a nationwide presence. Led by director Lu Bijing, the Shanghai branch currently...

Compliance for game companies entering Southeast Asia

By Jeff Yang, Wang Jing & GH Law Firm 
Southeast Asia has always been one of the key investment destinations for Chinese game makers by virtue of its geographic proximity and cultural similarity to China. This emerging market for smartphones is driving huge demand for mobile games, but...
Corporate Governance Code revisions

SEHK revises Corporate Governance Code

By Rossana Chu, YYC Legal  
The Stock Exchange of Hong Kong (SEHK) proposed enhancing corporate governance of its 2,600 listed issuers on the Main Board and GEM in a mid-summer consultation paper titled Review of Corporate Governance Code and Related Listing Rules. The consultation period...
Share purchases under registration-based IPO system

Reviews of share purchases under registration-based IPO system

By Xia Jialin and Huang Yiping, Zhilin Law Firm
China’s comprehensive registration-based IPO reform has enshrined information disclosure in new listing criteria under the approval-based system to information disclosure requirements. An analysis of IPO review cases since 2023 reveals that the key points of scrutiny, compared to the...
New developments have emerged in the Adani-Hindenburg row. This began in January 2023 with the release of the first report by the US-based short-selling investment firm Hindenburg Research which alleged that the Adani group had used offshore funds to...
Internet lending and debt collection guidelines

Complying with new guidelines on internet lending, debt collection

By Guan Zhenming, Joint-Win Partners 
To regulate responsible lending and restrained debt collection in internet finance, the National Internet Finance Association (NIFA) has issued new Guidelines for Post-loan Collection Business in Internet Finance. The guidelines precede ultimate adoption of a national standard for Internet Finance...
Strategies for IPR protection

Tailor-made strategies for IPR protection

By Frank Liu, Shanghai Pacific Legal
Compared to 2023, there has been a remarkable increase in the number of patent enquiries, which reflects the growing awareness of intellectual property rights (IPR) among enterprises, as well as a stronger emphasis placed on the protection of technologies...
Ashurst has appointed Felicity Healy as a commercial litigation partner, bolstering the firm’s dispute and investigations practice. Lea Constantine, Ashurst’s global head of the disputes, investigations and advisory practice at Ashurst, said: “Felicity’s hire underscores our determination to continue to...
The General Counsels’ Association of India (GCAI) underlined its commitment to advocating arbitration and mediation as primary channels for resolving corporate disputes in a memorandum of understanding (MoU) with the International Arbitration and Mediation Centre, Hyderabad (IAMC). Aiming to develop,...
The Japan In-House Lawyers Association (JILA) hosted an online seminar themed Decoding International AI Regulations: A Guide for In-House Lawyers on 26 July. The course was conducted by Hiroki Habuka, professor at Kyoto University’s Graduate School of Law and CEO...
The Korea In-house Counsel Association (KICA) and South Korean Ministry of Justice partnered a workshop conference, titled Success for Korean Business Growth in Hong Kong and Beyond, on 30 July at the Island Shangri-la in Hong Kong. The gathering was...
Leaders of the Asia Pacific Corporate Counsel Alliance (APCCA) extended a strategic partnership with counterparts from the Indonesian Corporate Counsel Association (ICCA) at a dinner meeting on 17 July in Jakarta. Key discussion topics included the importance for associations to...
The Association of Corporate Counsel (ACC) Singapore members are strengthening bonds and forging kinship by “breaking bread” over informal lunches. The casual networking gatherings not only strengthen community spirit among existing members but are also an opportunity for new members...
Association of Corporate Counsel Hong Kong (ACCHK) members were enthusiastically enlightened during a fascinating “art tour” of the city’s Mass Transit Railway (MTR). The guided tour on 14 July explained artwork showcased at seven MTR stations along the Hong Kong...
新《公司法》下公司类纠纷争议解决概况

Overview of corporate dispute resolution under new Company Law

By Yi Xiangming and Zeng Heng, Zhong Lun Law Firm
Corporations are the most crucial of market entities. Throughout their life cycle – from establishment, investment, financing and governance to dissolution and liquidation – they can be subject to a wide range of corporate disputes caused by issues like...
FDI Impact on India's Education Sectorvideo

FDI and NEP giving lessons to education

By Rohit Jain and Aslam Ahmed, Singhania & Co.
India is now a preferred destination for foreign investment. One reason is the country’s demographics. India not only has a large consumer base but also a wide range of products on offer. It is thus an ideal place to...
Shareholders as judgment debtors

Adding shareholders as judgment debtors

By Liang Muzhou, ETR Law Firm
A real estate consulting company in Guangzhou, acting as the lessor, filed a lawsuit against company A, an education investment company, in May 2020 due to a lease contract dispute. The lessor claimed that company A should be jointly...
Lexicon

Non ultra petita

COURTS PLAY a fundamental role in the administration of justice, authorised to resolve disputes brought before them and make orders binding on the parties to the dispute. However, it is important to ensure that the extensive powers of courts...
After shutting its doors in Beijing this April, US law firm Weil has closed its Shanghai branch, marking an end to its 20 years of operation in mainland China. “The firm is consolidating its Asia operations through the Hong Kong...
Jakarta-based FKNK Law Firm has bolstered its capital markets practice with the hire of Ferry Rajagukguk as a partner from Rakhmat Suroso Adinugraha Advocates, where he practised as a partner leading its corporate practice. Rajagukguk – who has close to...
China's automotive industry

Driving data management

The automotive industry is transitioning from traditional machine manufacturing to a high-tech, data-driven ecosystem. In the face of new challenges, Chery Jaguar Land Rover board secretary and chief legal officer Gordon Cheng steers automotive enterprises through the field of...
Role Junior associate (2-4 PQE) 17162/VTA Location Beijing, China Job Description A top-tier international law firm is seeking a junior to mid-level associate for its corporate practice in Beijing. Job Requirements • The ideal candidate will have at least 2 years of experience advising Chinese companies...
S&R Associates and TTA have helped Data Infrastructure Trust to secure approval from the Competition Commission of India for its proposed INR165 billion (USD2 billion) full acquisition of ATC Telecom Infrastructure. TTA advised ATC on the transaction, while S&R Associates...
Clyde & Co has announced the return of Jenny Thornton as managing partner of its Perth office to drive the global law firm’s strategic growth in Australia. Simon McConnell, chair of the APAC board and partner at Clyde & Co...
Peter & Kim has recruited former secretary-general of the Australian Centre for International Commercial Arbitration (ACICA) Deborah Tomkinson as director of corporate strategy and counsel. “Having this role undertaken from Australia reflects the importance placed by the partnership on continued...
S&R Associates has advised Tata Communications, a publicly listed telecommunications company, on the INR4.58 billion (USD53 million) sale of a digital services business to its wholly owned subsidiary, Novamesh, which provides IT-enabled and related services. Partners Rajat Sethi and Dhruv...
On 24 November 2023, the Parliament of the Cayman Islands passed the Beneficial Ownership Transparency Act, 2023 (the act), which was gazetted on 15 December 2023 and brought into force on 31 July 2024. The act represents the most...
Kanga & Co has acted on the successful INR1.71 billion (USD20.3 million) listing of Vraj Iron and Steel on the BSE and NSE, as it successfully completed its initial public offering of 8.26 million shares priced at INR207 each. Senior...
Herbert Smith Freehills has hired Ee Lynn Tan as an energy partner based in Singapore, marking a strategic enhancement to the firm’s energy practice. Anthony Patten, the Asia head of energy at Herbert Smith Freehills, said: “Our energy business is...
The Securities and Exchange Board of India (SEBI) has called for public comments on a new index derivates framework aimed at improving investor protection, promoting market stability in this sector and ensuring sustained capital formation. The framework will tackle the...
The Securities and Exchange Board of India (SEBI) has invited comments from the public over a proposal to reduce the time to credit and trade bonus shares, aiming to minimise the risk of market volatility for investors. At present, bonus...
The environment ministry has proposed to amend air and water rules introducing  new methods for the adjudicating authority to assess pollution. The new chapter 8 for air pollution and chapter 11 for water pollution are to be added in...
Latham & Watkins, A&O Shearman and Vinson & Elkins are acting on the USD2.35 billion sale of OCI Global’s clean ammonia project to Woodside Energy, an Australian petroleum exploration and production company. OCI Global has entered into a binding equity...
Clifford Chance, Zhong Lun Law Firm, Maples Group, K&L Gates, Wilson Sonsini and JunHe have advised on Black Sesame International’s IPO on the HKEX – the second tech company to debut under the Chapter 18C listing rules. The Chinese chipmaker...
After a lengthy six-year case, the Supreme People’s Court has ordered WM Motor to pay RMB640 million (USD90 million) to Geely, setting a record in China for IP infringement compensation. Following an appeal Geely initially filed in 2023 on the...
Simpson Thacher & Bartlett, Nishimura & Asahi, Mori Hamada & Matsumoto and Shiomizaka are advising on US private equity firm KKR’s takeover bid for publicly traded Japanese systems developer Fujisoft via a JPY558.3 billion (USD3.78 billion) tender offer. The billion-dollar...
AI Content Criminal Compliance

Criminal compliance for AI-generated content

By Ekin Zeng and Wu Weiming, AllBright Law Offices
AI-generated content represents a novel production method using generative AI to automatically create content. As generative AI becomes more widely adopted, compliance issues surrounding the content that it generates are increasingly under scrutiny. This article analyses potential criminal risks...
Wang Jing & GH Law Firm recruits Li Qian as the Shenzhen office director and head of the dispute resolution practice to bolster the firm’s business in this field.  Li, formerly a TianTong Law Firm partner, has been in practice...
DLA Piper has appointed Ed Sheremeta as co-head of real estate for its Tokyo office, relocating from Hong Kong. “Working with Mick Kataoka, co-head of real estate in our Tokyo office, Ed will enhance our ability to serve clients effectively...
video

DSO diligence and disclosure in listed companies

By Feng Gang and Liu Peining, DOCVIT Law Firm
On 1 June 2024, Jinzhou Port issued an announcement reporting that it had received a notice of administrative penalty and a market ban from the China Securities Regulatory Commission and included the full content of the notice. The announcement...
RBI on Indian financial sector

RBI bares its teeth

India’s banking regulator has intensified oversight and startled the financial industry, but legal experts say it is responsible policing and shields the sector from trouble. Indrajit Basu reports OThe Indian financial sector has faced increased scrutiny in recent months with...
After years of government narrative about turning India into an arbitration hub, the ministry of Finance has reversed course, asking departments to seek other solutions. Freny Patel reports Astorm is brewing in India’s legal landscape. New government guidelines prioritise mediation...
Nagashima Ohno & Tsunematsu, Mori Hamada & Matsumoto, Anderson Mori & Tomotsune, Nishimura & Asahi and Kitahama Partners are advising on Japanese trading giant Itochu Corp’s two concurrent acquisitions in the apparel and chemicals sectors at a combined value...
Fangda Partners has launched its first overseas branch in Singapore and hired corporate specialist Ivy Liu as a partner. Singapore’s Ministry of Law website says Fangda’s newest office is registered to practice foreign law and permitted to advise on foreign...
China's Classified Shares in M&A

Company Law brings new classified share system to M&A

By Yang Jie and Jiao Yufan, Grandway Law Offices
China’s newly revised Company Law will be in effect from 1 July 2024. This law introduces a classified share system for the first time, with articles 144 to 146 detailing the issuance of classified shares. This change is significant...
Hungarian FDI regulations for new energy

Understanding FDI review in Hungarian new energy projects

By Wang Jihong and Liang Danni, Zhong Lun Law Firm
In Budapest on 9 May 2024, the leaders of China and Hungary announced the establishment of a new era in an all-weather comprehensive strategic partnership between the two countries, a move that is expected to create more opportunities for...
Fangda Partners has set up its first overseas branch in Singapore and hired former Watson Farley & Williams’ Ivy Liu as a partner. Singapore’s Ministry of Law website says Fangda’s newest office is registered to practice foreign law. It is...
Reverse Factoring Benefits and Mechanisms

Supply chain financial efficacy through reverse factoring

By Sharad Joshi and Rachit Verma, SNG & Partners
Reverse factoring is a buyer-initiated supply chain financing mechanism for prompt payments to suppliers based on validated invoices. A supplier delivers goods or services to the buyer and issues an invoice. The buyer approves the invoice, which is purchased...
Han Kun Law Offices has hired partner Leong Chuo Ming and a team in Singapore. Leong leads the team comprising a counsel, a senior associate and an associate. He was a partner at Withers KhattarWong, the Singapore practice of...
asia-mergers-and-acquisitions

Appetite for M&A

After a long lull in investment activity, M&A deals are picking up across Asia. Vandana Chatlani reports In a region that has so often been attractive for its growth opportunities, M&A has recently seen a quiet spell. In the first...
Cyril Amarchand Mangaldas has recruited 128 graduates and four partners – Jay Parikh, Alok Sonker, Sowmya Kumar and Mohit Gogia – in a hiring spree that comes hot on the heels of securing the talent of Manan Lahoty and...
The Karnataka state tax authorities withdrew a pre-show cause notice to Infosys for a INR32.83 billion (USD392 million) GST payment, just a day after it issued the demand. On 1 August, the authorities directed Infosys to submit a further response...
Han Kun Law Offices has recruited a four-member team, led by partner Leong Chuo Ming, to the firm’s Singapore office. Previously, Leong was a partner at Withers KhattarWong, the Singapore practice of UK firm Withers. He leads the team comprising...
Shubham Malhotra, previously a business development manager at Ahlawat & Associates, has founded LawStrings Management, a consultancy offering comprehensive and strategic solutions tailored to the needs of the legal industry, and ensuring sustained growth for clients. “I founded LawStrings Management...
Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins are acting on Otsuka Pharmaceutical’s acquisition of Jnana Therapeutics valued at up to USD1.12 billion in Tokyo. Under the definitive merger agreement, Otsuka will pay USD800 million to the shareholders...
ANM Global has acquired boutique intellectual property firm Gautam & Co in Mumbai to strengthen its IP practice, which follows a similar move in April 2022 with Literati Juris. Gautam Panchal, which founded Gautam & Co in 2015, will join...
Christopher & Lee Ong (CLO) and Lee Choon Wan & Co are acting on Malaysia’s largest initial public offering in seven years, as 99 Speed Mart Retail Holdings aims to raise around MYR2.36 billion (USD509 million). The IPO, which is...
Practice and compliance response to two invoice system in pharma

Practice and compliance response to two-invoice system in pharma

By Jin Jing and Wu Jian, Blossom & Credit Law Firm
The “two-invoice system” in the pharmaceutical industry requires that a drug manufacturer issue one invoice to the distributor and that the distributor issue another invoice to the medical institution. On 27 May, the National Health Commission, along with 13 other...
Sreenivasan Narayanan – a legal luminary with 38 years of experience in litigation, arbitration, mediation and white-collar crime – has launched his own firm, Sreenivasan Chambers, in Singapore. Narayanan helmed Straits Law as managing director since 2003 and continued his...
Exploring alternative pleading in civil casesvideo

Exploring alternative pleading in civil cases

By Liu Ying and Wang Xin, Anli Partners
In the judicial practice of civil litigation, different causes of action and claims set out by parties involved in similar cases can result in vastly different or even completely contrary outcomes. For example, in the case of a fund transfer...
The Enforcement Directorate (ED) in Chennai has provisionally attached South India Corporation Ltd’s (SICPL) immovable properties worth INR2.98 billion (USD35.6 million) as part of its corruption investigation into the company under the Prevention of Money Laundering Act, 2002. This action...
Hiroyuki Hagiwara, an intellectual property and disputes veteran in Japan, has left his eight-year role as a Tokyo-based partner at Paul Hastings heading into an in-house senior legal counsel role following 25 years in private practice. Hagiwara announced on LinkedIn...
Role Legal Counsel/Senior Legal Counsel, Litigation (7+ PQE) - 17157/VTA Location Hong Kong, China Job Description We have been mandated with an opportunity with a globally renowned technology company. The company is looking to expand its team in Hong Kong by hiring an experienced...
Avikshit Moral has moved to S&R Associates as a retained partner in the firm’s Mumbai office, and associates Mahek Chheda, Preeti Dhar, Khushbu Goyal, Komal Pandey and Shaunak Deshpande will join him from IndusLaw. Moral is formerly a real estate...
Jia Yuan Law Offices welcomes the addition of partners #Zheng Huan# and Zhou Liming to the firm, strengthening its financial and construction dispute resolution capabilities. Zheng, who joins Jia Yuan’s Shenzhen and Beijing offices, previously practised at Baoying Law Firm...
Fangda Partners and Guantao Law Firm have assisted on Beijing State-owned Assets Management’s RMB1.5 billion (USD215.4 million) acquisition of an 85.01% stake in Credit Suisse Securities (China). In 2008, UBS and Founder Securities formed Credit Suisse Securities, but the joint...
The Securities and Exchange Board of India (SEBI) has introduced a raft of measures to improve the ease of doing business, protect the interests of investors and provide flexibility in the voluntary delisting framework. The fixed price process has been...
Japan’s Ministry of Justice has moved to streamline the registration process for overseas-qualified lawyers to work in Japan, introducing changes covering document submission and re-application. The changes, which came into effect on 31 July, came three months after the Law...
The Stephenson Harwood (Singapore) Alliance, Allens and Thomson Geer have acted on Cyan Renewables’ AUD1.1 billion (USD726 million) take-private acquisition of MMA Offshore, a Perth-based ASX-listed global offshore wind vessel support company. Cyan Renewables will acquire 100% of MMA Offshore...
Civil Liability in AI

Product liability in the AI era

By Sumeet Kachwaha, Kachwaha & Partners
Sumeet Kachwaha writes about how the world is gearing up to handle harm caused by AI-powered products, and the path ahead for India When it comes to product liability, the starting point of the discussion should be the 1932 “snail...
Cyril Amarchand Mangaldas has hired Manan Lahoty, capital markets practice head at IndusLaw with his team of eight partners and 40 associates in India. The partners include Abhiroop Lahiri, Abhyuday Bhotika, Anshul Roy, Manshoor Nazki, Priyadarshini Rao, Puneet Passi, Ravi...
Tamil Nadu Captive Generating Plant regulations

Ensuring regulatory control and transparency for CGPs

By Abhishek Tripathi and Rahul Bangia, Sarthak Advocates & Solicitors
The Tamil Nadu Electricity Regulatory Commission (TNERC) has issued the draft TNERC (Verification of Captive Status of Generating Plant/Consumers in Tamil Nadu) Regulations, 2024 (regulations) for the verification of captive generating plant (CGP) status. This follows the Supreme Court’s...
Solar photovoltaic (PV) manufacturing associations in consultation with the Ministry of New and Renewable Energy (MNRE) have developed a new online registration portal where all solar PV manufacturers are required to register their factories. The objective is to ensure that...
The Reserve Bank of India (RBI) has released a notification amending paragraphs 1(ix)(e) and 24(1) of the Foreign Exchange Management (Overseas Investment) Directions, 2022. The amendment allows listed Indian companies and resident individuals to invest in units or other financial...
publicly available data exemptionvideo

Publicly available personal data exemption is unclear

By Ada Shaharbanu and Archita Sharma, Spice Route Legal
With the Digital Personal Data Protection Act, 2023 (DPDPA), soon to be brought into force, individuals will see greater protection of their personal data. However, a seemingly extensive category of such data will be entirely exempt from scrutiny –...
New Indian Criminal Laws 2024

Criminal law reform may modernise, repress or both

By Aman Avinav, Phoenix Legal
Fulfilling a pledge in parliament, the government swept aside the three foundations of Indian criminal law, the Criminal Procedure Code, 1973 (CrPC), the Indian Penal Code, 1860 (IPC), and the Indian Evidence Act, 1872 (IEA). These have been replaced...
The Securities and Exchange Board of India (SEBI) issued a circular in May providing guidelines for the registration of foreign portfolio investors (FPIs). Subsequently, the SEBI (Foreign Portfolio Investors) Regulations, 2019, were amended and then notified. This extends flexibility...
Indian Workplace Inclusivity and Legal Protections for LGBTQ+

LGBTQ+ allyship at the workplace

By Agrima Awasthi and Shivanshu Sharma, Wadhwa Law Offices
With Pride month gone by, the gaps in the Indian legal landscape that, in effect, deny equal opportunities and safety for the LGBTQ+ community in the workplace continue to remain unaddressed. The legislative vacuum with respect to inclusivity within...
Beijing-headquartered Yingke Law Firm has become the latest Chinese law firm to expand into Japan with the launch of an office in Tokyo. Yingke, one of China’s largest law firms, hosted an office opening ceremony in Tokyo on 29 July,...
India's 18th General Election

Politics and money should be distant neighbours

By Dinesh Pardasani and Samir Malik, DSK Legal
India has just concluded its 18th and likely most expensive general election. Campaigns require substantial funding, often provided by corporations and trusts seeking political influence. Lobbying, though common in developed countries, lacks regulation and is often viewed negatively because...
Manan Lahoty, capital markets practice head at IndusLaw is leaving the firm with his team of eight partners and 40 associates to join Cyril Amarchand Mangaldas. The partners moving with Lahoty are Abhiroop Lahiri, Abhyuday Bhotika, Anshul Roy, Manshoor Nazki,...
On 21 June 2024, the Insolvency and Bankruptcy Board of India (IBBI) invited comments from the public on a new format for the preparation and submission of progress reports during the liquidation process. The proposed format intends to streamline the...
Norton Rose Fulbright’s associate firm in Indonesia, TNB & Partners, has strengthened its dispute resolution practice with the addition of Erie Tobing as a partner. Alison Deitz, Norton Rose Fulbright managing partner in Australia, said: “It is a priority of...
Han Kun Law Offices has given its Shenzhen and Shanghai teams a lift with the addition of bankruptcy and restructuring specialists Du Wenle, Zhang Yao and Zhu Lei from TianTong Law Firm. Du, who joins Han Kun’s Shenzhen office, is...
The Insolvency and Bankruptcy Board of India (IBBI) has issued circulars on 28 June on the launch of online portals for insolvency professionals (IPs) to submit details of liquidation and voluntary liquidation. The IBBI said this process was earlier done...
Mori Hamada & Matsumoto, one of Japan’s four largest law firms, has an exclusive partnership with Harvey, a global platform for generative AI solutions in the legal industry, becoming the first Asian-headquartered collaboration partner with exclusive access to an...
Herbert Smith Freehills has named commercial litigation partner Jojo Fan as the new China managing partner, succeeding Matthew Emsley who has held the role for four years. Fan was promoted as a partner at Herbert Smith Freehills in 2020 and...
California-based Quinn Emanuel Urquhart & Sullivan has, after doubling down on its Greater China operations with a Beijing office launch last year, extended its physical reach to Southeast Asia with the setup of a Singapore outpost earlier this month. In...
Latham & Watkins has named Elyn Xing as counsel in its Singapore office, strengthening the firm’s capabilities in the fund management and investment sectors. Xing is experienced in advising Asia-based and global clients across investment strategies, including debt, real estate,...
US law firm Rimon has expanded its footprint in Asia with the launch of a Tokyo office, boosting its number of branches across the region to five adding to outposts in Seoul, Shenzhen, Singapore and Sydney. The Tokyo office opening...
Role Senior Associate, Litigation & Dispute Resolution (4+ PQE) - 17159/VTA Location Singapore Job Description Our client, a leading UK law firm, is seeking a Senior Associate with 4+ PQE of Litigation & Dispute Resolution to join their flourishing office in Singapore. You will...
Role Corporate Associate (1-4 PQE) - 17155/VTA Location Hong Kong, China Job Description We are thrilled to work with a top-tier UK law firm to add an impressive Corporate Associate to their leading Public Companies Practice in Hong Kong. This is an excellent opportunity...
Role Associate, General Banking (2-5 PQE) - 17158/VTA Location Hong Kong, China Job Description An excellent opportunity has arisen for a diligent and highly motivated lawyer to join a financial markets practice at a top-tier UK law firm as a Banking Associate. Working closely...
CSR and FCRA Compliance Issues

Jumping through hoops

Foreign-owned Indian companies face hardships in making mandatory CSR contributions to NGOs, write Shreekanth Katti and Kartheek Kangiti, both counsel at leading science and technology company Merck India As per the Companies Act, 2013, and the Companies (Social Responsibility Policy)...
Prime Minister Narendra Modi has recently come to power for a third term and this time with a coalition government. The union budget 2024-25 announced on 23 July 2024 proposes multiple changes aimed towards corporations, small businesses and MSMEs....
The Supreme Court has delivered a significant judgment, in Dani Wooltex Corporation & Ors v Sheil Properties & Anr, with far-reaching implications for the termination of arbitration proceedings in India. The case revolves around the validity of a termination...
The Supreme Court’s judgment, in Bar of Indian Lawyers v DK Gandhi PS National Institute of Communicable Diseases and Anr, 2024, rules that a service hired or availed of an advocate is a service under “a contract of personal...

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