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Sullivan & Cromwell’s Hong Kong office has added Jacqueline Tang as a new restructuring partner. Previously, as one of the leading partners at Kirkland & Ellis on Evergrande Group’s USD19.15 billion offshore restructuring proposals, Tang acted as legal counsel to...
Asia Business Law Journal presents the A-List of top private practice lawyers in the country. Nguyen Yen and Lim Miran report View the A-List Amid prolonged economic geopolitical uncertainty, Indonesia remains attractive for foreign investment. However, its complex legal and regulatory...
After spending 12 years, including more than five as a partner, at Tilleke & Gibbins, Ho Chi Minh City-based corporate and commercial lawyer Nguyen Quoc Vinh joins Indochine Counsel as a senior counsel. Nguyen is an expert in M&A, banking...
The Securities and Futures Commission (SFC) has created an executive director post in the legal services division, a first for the regulator, with the three-year appointment of Lisa Chen by Hong Kong Financial Secretary Paul Chan. Previously, Chen was the...
Shardul Amarchand Mangaldas advised GMR Airports Limited and GMR Goa International Airport Limited (GGIAL) on the National Investment and Infrastructure Fund (NIIF) investment in GGIAL. NIIF subscribed to compulsory convertible debentures in GGIAL, which operates a greenfield international airport at...
Crypto lender Amber Group’s chief legal officer Benjamin Bai has joined King & Wood Mallesons (KWM) as a Shanghai-based partner, providing legal services for both intellectual property and digital assets and fintech, Law.com reports. Despite attempts to reach out to...
Davis Polk, Appleby and Latham & Watkins advised on a proposed special purpose acquisition company (SPAC) merger involving Vietnamese electric vehicle manufacturer VinFast at an equity value of USD23 billion. The merger agreement was reached between the Hong Kong-based blank...
JSA advised Solarad AI and its founders Ravi Choudhary, Bhramar Choudhary and Haider Abbas in their recent fundraising round, led by India Quotient, a prominent early-stage venture capital fund. Partner Kartik Jain led the JSA team, with the assistance of...
Fundamental rights and internet gatekeepers – A new dawnvideo

Fundamental rights and internet gatekeepers – A new dawn

By Atmaja Tripathy, TMT Law Practice
Technology is acting as a disruptor across all spheres: social, economic, and legal. Constitutional rights jurisprudence has not been untouched by industrial revolution 4.0. Recent decisions of constitutional courts, worldwide, have arisen from or related to rapid technological developments...
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Never bet against regulation in online gaming

By Ashima Obhan and Akanksha Dua, Obhan & Associates
The online gaming industry, particularly real money gaming, has grown significantly. At the same time, the industry has experienced uncertainty and disruption, leading to an increased need for regulation and guidelines. The Ministry of Electronics and Information Technology (MeitY)...
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Founder indemnities balance risk against investor comfort

By Sindhu Nayak, Bharucha & Partners
Indemnities from founders of investee companies have always been heavily negotiated at the time of venture capital investments. With venture capital investments becoming increasingly common, the framework for the indemnities that investors expect from founders is reasonably well defined....
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Former directors stay on the hook despite successful CIRP

By Karthik Somasundram and Alabh Lal, Bharucha & Partners
Under section 138 of the Negotiable Instruments Act, 1881 (NI Act), if a dishonoured cheque is not subsequently met or paid, the issuer of the cheque will have committed an offence. Where the defaulter is a company, its directors...
Around 900 attendees from 19 jurisdictions flocked to discuss the latest industry developments and trends at the APAC Legal Congress 2023 held at the One Farrer Hotel Singapore on 3-4 May. The Singapore Corporate Counsel Association (SCCA) organised the event...
Firms remain tight-lipped ahead of vote to approve move, but experts say talent retention and reassuring partners and clients tops agenda A planned merger of UK magic circle law firm Allen & Overy and American counterpart Shearman & Sterling has...
Trowers & Hamlins establishes an India Desk, which aligns with the international law firm’s broader Asia strategy, providing comprehensive legal services. The India Desk will address the needs of Indian businesses, global corporations with operations in India, and private clients,...
IndusLaw appoints three new equity partners to its expanded management committee, which now consists of nine members, including the firm’s founding partners and CEO. The three new equity partners – Avik Biswas, Amit Jajoo and Manan Lahoty – were elected...

Improving termination of employment contracts

By Chen Yu, W&H Law Firm
The mechanism for terminating employment contracts has much room for optimisation in terms of legislative support In the 15 years since enactment and implementation of the Labour Contract Law, an amendment to provisions on labour dispatch was made only once,...
disruptive technology as convenience

Disruptive technology or disruption disguised as convenience

By Gaurav Sahay and Ashita Sahay, SNG & Partners
Finance, bookkeeping, transaction-making, investment, credit, insurance and trade have always operated under the strict eye of the regulator. The sector has always been a conventional one and an authoritarian compliance regime has overseen its workings. In light of the...
rise of rupees

India brings rupee to the world

By Reena Asthana Khair, Kochhar & Co.
The US dollar is widely used in international trade and finance, with more than 70% of transactions using that currency. It also serves as the dominant reserve currency for central banks around the world. A dollar surge in 2022...

India’s electrifying ambition in green vehicle manufacturing

By Rajat Prakash, Siddharth Mahajan and Naina Chandok, Athena Legal
India’s automotive industry is undergoing a radical shift by switching to more energy efficient forms of transport. This has led to growth in the electric vehicle (EV) sector. As the industry is growing, the movement away from fossil fuels...
change in law generate changes

Change in law generates changes in attitude

By Mani Gupta and Saumya Upadhyay, Sarthak Advocates & Solicitors
In two judgments delivered earlier this year, the Supreme Court has settled disputes over the change in law clauses in power purchase agreements that have been on-going between generation companies and distribution companies (DISCOM) for many years. In Maharashtra State...

Cashing in on new green deposits framework

By Sawant Singh and Aditya Bhargava, Phoenix Legal
On 11 April 2023, the Reserve Bank of India (RBI) put in place a new framework, effective from 1 June 2023, encouraging RBI regulated entities (RE) to offer green deposits for financing green activities and projects. It aims to...
Shardul Amarchand Mangaldas & Co (SAM) advises a Lifelong India-led consortium’s acquisition of distressed car servicing startup GoMechanic through a slump sale transaction for an undisclosed sum. Partners Amit Khansaheb and Abhishek Dubey led the transaction team, which included principal...
The Supreme Court on 2 May allowed Ezeego One Travel and Tours to withdraw its insolvency dispute against Yatra Online following a settlement where Yatra would pay Ezeego INR16 million (USD194,000). Earlier in March 2023, JSA helped Yatra Online to...
Kamaljeet Singh, who brings 12 years of experience to the team, is the newest partner in the disputes practice at AP & Partners. Singh has successfully represented multinational corporations, financial institutions, and governmental bodies in complex and high-value commercial litigation,...
Tapan Pati joins Godrej & Boyce, a flagship company of the Godrej Group, as its senior vice president and general counsel, leading a legal team comprising 31 lawyers. Pati has 23 years of experience advising multinational companies in various sectors,...
SNG & Partners has promoted Soumyajit Mitra, Subrata Mukherjee and Aditya Vikram Dua to partner, and Sweta Mehta, Samreen Paloba, Rashmi Raveendran and Jahnavi Dwarkadas are now associate partners. Mitra, a law graduate from Symbiosis Law College (a deemed university)...
Around 30 members of the Association of Corporate Counsel (ACC) Hong Kong shared ideas while sampling bubbly at a Meet the Board and Champagne Tasting Event on 9 March at the White Cube Gallery Hong Kong. It was the ACC...
Unmanned aerial systems flight

Droning on about UAS certainly not dull

By Anand Srivastava, Abhishek Sharma and Namita Das, Dentons Link Legal
Unmanned aerial systems (UAS) or drones are the future of flight. With advancements in electronics and cameras and their integration with AI and machine learning systems, drones have come a long way. From reconnaissance in the Vietnam war to...

Implications and challenges of proposed labour codes

By Jivesh Chandrayan and Bhagwati Tiwari, HSA Advocates
It is reported that 31 states and union territories have pre-published the draft rules for the Code on Wages, 2019 (wages code); 28 for the Industrial Relations Code, 2020 (IR code); 28 for the Code on Social Security, 2020...
Han Kun Law Offices has hired Raymond Shi as a Beijing-headquartered partner to bolster its capital markets division. Shi, who was a partner at Tian Yuan Law Firm, specialises in domestic and overseas capital markets, PE/VC, M&A, and restructuring, with...
Linklaters and its Chinese joint operation partner Zhao Sheng Law Firm advised the HKEX on the Swap Connect scheme, providing global investors with initial access to mainland China’s interbank financial derivatives market via Hong Kong to hedge interest-rate risks...
King & Wood Mallesons (KWM) and Fangda Partners assisted in Axin Trust’s restructuring in a RMB9 billion (USD1.26 billion) private placement involving the issue of 4.375 billion shares. KWM’s partners Su Zheng, Liu Dongya, Li Yuanyuan and Wang Ning acted...
Is the liberalisation of India's education sector a lesson in how not to open a market? Indrajit Basu reports. In early January, India approved a plan to allow foreign universities to open campuses in the country as part of efforts...
The country’s strong economic performance and regional partnerships have attracted many foreign businesses. Understanding the regulatory landscape and sector-specific policies is essential for these companies venturing forward FOREIGN INVESTMENT MERGERS & ACQUISITIONS DIGITAL ECONOMY FOREIGN INVESTMENT Thailand continues to be a significant market for...
Digital economy in Thailand

Navigating business opportunities in Thailand: digital economy

By Panupan Udomsuvannakul, Nonthagorn Rojaunwong, and Prang Prakobvaitayakij, Chandler MHM
FOREIGN INVESTMENT MERGERS & ACQUISITIONS DIGITAL ECONOMY Thailand’s digital economy has been growing exponentially in recent years, as the country embraces new technological innovations and creates opportunities for startups and investors. The government has been actively promoting development of the digital economy with various policy...
Mergers & acquisitions in Thailand

Navigating business opportunities in Thailand: mergers & acquisitions

By Warot Wanakankowit, Warot Advisory Services
FOREIGN INVESTMENT MERGERS & ACQUISITIONS DIGITAL ECONOMY As borders reopen and business returns to normal, the activity that supports company mergers and acquisitions (M&A) is increasing. Companies big and small are looking to M&A to boost their financial results and achieve their goals, especially when...
Foreign investment in Thailand

Navigating business opportunities in Thailand: foreign investment

By Peter Burke and Nalinee Wichittakul, Axis Legal
FOREIGN INVESTMENT MERGERS & ACQUISITIONS DIGITAL ECONOMY Thailand continues to be a significant market for foreign investors. In 2022, the Thai Board of Investment (BOI) approved more than 2,000 projects worth USD19.5 billion in total, much of which came from foreign direct investment (FDI). This article...
building legal department startups

Building blocks

What awaits in-house counsel when they are tasked with building a legal department for a startup? Katherine Abraham reports With India’s population surpassing China’s this month, as per UN data, the government must ensure that the working age population is...
Surety insurance bonds are adding a level of sophistication to India’s insurance sector while strengthening infrastructure development and the economy at large. Puneet Gupta and Akash Singh examine this insurance product and the steps needed to sustain it The Noble...
Anti-avoidance tax regime in Indonesia

BEPS action and anti-avoidance tax regime in Indonesia

By Freddy Karyadi and Anastasia Irawati
The nation has been actively combating base erosion and profit shifting by strengthening its tax-related laws and regulations Indonesia is one of the many non-member economies of the Organisation for Economic Co-operation and Development (OECD), but was designated as one...

IP strategy in AI times

By Frank Liu, Shanghai Pacific Legal
The possible impact of artificial intelligence (AI) on the legal industry has come into sharper focus amid the ChatGPT hype. ChatGPT is reportedly capable of collecting, sorting and logically organising data at such a level that many believe it...
harmful content to children intermediaries

Zero tolerance on inaction by intermediaries regarding content harmful to children

By Pravin Anand, Vaishali Mittal and Siddhant Chamola, Anand and Anand
Delhi High Court shoots down YouTube’s ‘mere passive observer’ stand, write Pravin Anand, Vaishali Mittal and Siddhant Chamola of Anand and Anand For some time, the Indian executive and judiciary had taken a view that the intermediary space had to...
The Hong Kong Court of Appeal has examined the applicability of the abatement clause and the principle of frustration in an appeal from a business tenant that sought to relieve its obligation to pay full rent during the covid-19...
Rahul Chatterji has joined Linklaters as a partner to strengthen its Asia banking practice, particularly its leveraged finance capabilities. Chatterji was previously a partner in Shearman & Sterling's London office, where he advised lenders and borrowers on complex cross-border financing...
Khushboo Luthra joins HSA Advocates as a partner and chief marketing officer in New Delhi and is poised to continue to contribute to the firm’s growth trajectory. Luthra brings more than 13 years of experience to the role, developing a...
Following Copyright Law amendments that took effect in 2021, Chinese courts have actively developed an array of solutions to tackle the ever-evolving field of infringement claims among cutting-edge technologies and new industrial types. These solutions include granting preliminary injunctions,...
Post-importation transfer pricing (TP) adjustments have always presented great challenges for multinational companies doing business in China. There is no formal nationwide mechanism to simultaneously address the tax, customs and foreign exchange administration requirements, and allow customs valuation adjustments...
Following amendments to the Patent Law, the China National Intellectual Property Administration (CNIPA) issued its Guidelines for the Estimation of Royalties for Open Patent Licences (Trial Implementation) to support the implementation of an open patent licensing mechanism. The guidelines...
india regulatory foreign law firm

Mixed signals

India has opened its legal market, but regulatory uncertainties and domestic opposition give foreign law firms pause for thought. By Freny Patel India’s Bar Council has at last agreed with repeated calls from the international legal community for the country...
Remedies for rejection of reconsideration

Remedies for rejection of reconsideration applications

By Chen Zhuo and Zheng Yeye, Tian Yuan Law Firm
When an application for reconsideration is rejected on the grounds of not meeting acceptance conditions, an applicant can consider several options to challenge the decision Article 133 of the Interpretation of the Supreme People’s Court on Application of the Administrative...
ⓘ This is an old version of our Law Firm Awards. Please visit the updated version here. Recognising and rewarding exceptional legal work. Katherine Abraham reports India’s legal industry is experiencing a surge in activity, driven by increased deal-flow and record-breaking...
Who’s the Murderer was the first Chinese celebrity whodunit variety show launched by Mango TV, in 2016, and has run for eight straight seasons. Since the seventh season, it has been joined by Who’s the Murderer Collegiate Bench Section, jointly launched...
China Business Law Journal announces our winners following an extensive market survey. Pan Xinyi reports Team Awards Individuals Awards AS GLOBAL TRADE RELATIONS continued to fluctuate in the tumultuous and pandemic-stricken year of...
In the era of the knowledge economy, innovation represents the core competitiveness of enterprises and the chief driving force behind both technological and economic progress. Little surprise that IP rights, being the definitive recognition for innovative achievements, have become...
Expanding into overseas markets is a critical choice in the transformation and growth of Chinese enterprises, and for their move up the value chain. Numerous Chinese enterprises have expended great efforts in establishing a footprint in overseas markets. Taking televisions as...
In the past decade or so, Chinese home appliance and mobile phone enterprises have begun stepping out onto the world stage, gradually expanding their global market share. This can be attributed to the fact that these industries possess numerous advantages...
Role APAC Legal Director, Compliance (10-20 PQE) - 16997/VTA Location Shanghai, China Job Description Our client is a top global US MNC. It has an exciting senior opening for a Legal Director, Compliance for APAC, based in Shanghai. The corporation seeks a stellar senior...
Role Head of Legal, APAC (7+ PQE) - 16992/VTA Location Shanghai or Shenzhen, China Job Description A global electronic manufacturer is now seeking the Head of Legal for the Asia Pacific region, based in Shanghai or Shenzhen. As a sole counsel in APAC, you...
Role Legal Director, Japan (10+ PQE) - 17000/VTA Location Tokyo, Japan Job Description Our client is a blue-chip global industrial looking to appoint a Legal Director in Japan. You will serve as a Sole Legal Counsel for providing best-in-class legal advice and support for...
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The patent protector

The Philippines has shown its influence in advocating for intellectual property laws. Asia Business Law Journal sat down with Rowel Barba, director general of the Intellectual Property Office of the Philippines (IPOPHL) and the elected chair of the 21...
With surprising growth of international trade in the region, protecting intellectual property rights is more crucial than ever, and trademark law is rapidly evolving to ensure companies can maintain a competitive edge INDIA INDONESIA TAIWAN VIETNAM INDIA As India marches on in its endeavour to...

A comparison of trademark law: Vietnam

By Nguyen Anh Tuan, Ly Nguyen, Bizconsult
INDIA INDONESIA TAIWAN VIETNAM Vietnam is one of Southeast Asia’s fastest growing digital economies, expected to reach USD49 billion by 2025, according to the latest annual e-Conomy SEA joint research report from Google, Temasek and Bain & Co. The transformation from such rapid...

A comparison of trademark law: Taiwan

By CF Tsai, Tsai Lu Fa and Tsai Yu Li, Deep & Far Attorneys-at-Law
INDIA INDONESIA TAIWAN VIETNAM Trademark protection is obtained through registration in Taiwan and follows the first-to-file system in application. The following types of distinctive signs are registrable: trademarks (for both goods and services); collective marks; certification marks; and collective trademarks (for both goods...
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A comparison of trademark law: Indonesia

By Emirsyah Dinar, AFFA Intellectual Property Rights
INDIA INDONESIA TAIWAN VIETNAM In Indonesia, Law No. 20, 2016, on Marks and Geographical Indications, known as the Trademark Law, is the country’s primary law concerning trademarks. However, there are several bylaws that regulate more specific matters, including: Government Regulation No. 28, 2019,...

A comparison of trademark law: India

By Safir Anand and Twinky Rampal, Anand and Anand
INDIA INDONESIA TAIWAN VIETNAM As India marches on in its endeavour to attract more foreign direct investment (FDI), catapult the recognition of intangibles in wealth creation and stimulate a digital economy that also empowers small and medium enterprises, there has been a huge...
Using IP law to protect data

Using IP umbrella to shield data shows legal gaps

By Yang Xun and Yan Yi, Llinks Law Offices
In the age of the digital economy, data must be seen as one of the core factors of production. Yet, laws and regulations covering the data industry appear somewhat underdeveloped, with overarching and clear rules still to be established...
Rajiv Luthra, a prominent Indian lawyer and founder of Luthra and Luthra Law Offices, passed away on 10 May at the age of 65. “It is with great sadness and a heavy heart that we inform of the demise of...
Home-grown and foreign companies in China are both benefiting from the country’s progressive legislative reforms in intellectual property protection. But they also face new challenges as rapid technological advancements usher in a new era. Sophia Luo reports The digital economy...
ChatGPT era IP protection

IP protection in the ChatGPT era

By Wang Yan and Li Yue, Han Kun Law Offices
ChatGPT and other artificial intelligence (AI) tools are demonstrating admirable comprehension and conversational skills, enabling them to solve various generic issues in a growing number of areas. Although the technology is not yet self-aware, Michael Kosinski, a professor at...
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Know-how protection and countermeasures for litigation

By Sun Yan, Tian Yuan Law Firm
Recent years have witnessed a growing number of trade secret infringements and a gradual increase in the amount of damages. Enterprises have learned to use trade secrets as a weapon to protect technological achievements. As someone who has represented a...
King & Wood Mallesons (KWM) and Haiwen & Partners acted on Nexchip Semiconductor Corporation’s RMB9.96 billion (USD1.44 billion) IPO on the Star Market, the largest A-share listing to date this year. Partners Liu Dongya, Su Zheng and Cong Qunji led...
Luzhu Biotechnology debuted on the HKEX through chapter 18A, the first biotech company without any revenue or profits to be listed this year, raising HKD341 million (USD43.45 million). Partners Zhu Ke and Geng Ke at O'Melveny advised the issuer on...
Customs services and IP protection in China

China customs services and IP protection

By Tom Tang, Joint-Win Partners
Who are the protectors of intellectual property in China? Most would immediately think of the China National Intellectual Property Administration (CNIPA), copyright offices, trade and industry bureaus, public security agencies and the courts. But few bother to understand the...

Challenges and solutions for Chinese patent applications

By Wu Li, Zhang Xiaoning, and Yang Jian, Lifang & Partners
With constant perfecting of the intellectual property (IP) system, China has been making significant strides in IP protection. However, in practice, rights holders still face many challenges and difficulties, including obtaining ideal patents. This article, based on practical experience in...
Draft article on data protection

A new pathway to data protection

By Kevin Duan and Jiang Hainan, Han Kun Law Offices
When an enterprise’s commercial data is accessed by another entity, disputes may arise. A draft article under the anti-unfair competition law would set legal boundaries on data protection and sharing Data has become one of the top five factors in...
不胜任解除

How to properly effect a dismissal for incompetence

By Shao Bo, Labour Consulting (LABOURS)
“Incompetence” is a concept easy to comprehend, but difficult to apply, particularly because the standards vary between internal management and court adjudication. Companies that fail to realise this are at greater risk of disputes After tracking labour dispute cases involving...
Philippines bridging gender gap

Philippines bridging gender gap, preserving cultural heritage

By Amanda Carlota, Federis & Associates
Coinciding with World IP Day, National Intellectual Property Month in the Philippines in April was themed “Women and IP: Accelerating Innovation and Creativity.” In line with this theme, the Intellectual Property Office of the Philippines (IPOPHIL) partnered with the...
BVI approved funds for startup

Features and benefits of BVI Approved Funds for startup, emerging managers

By Gary Smith and Wendy Au, Loeb Smith Attorneys
The Financial Services Commission (FSC) of the British Virgin Islands (BVI) offers a range of investment funds that are particularly attractive to startup and emerging managers who have typically raised less than three funds with assets under management ranging...
David Blumental, who was co-chair of the Latham & Watkins’ oil and gas industry group, has joined Simmons & Simmons as a Hong Kong-based partner and head of energy and infrastructure. As an English-speaking native who is fluent in Mandarin...
DLA Piper has hired Naomi Moore, who joined from Akin Gump’s Hong Kong office, as partner and head of APAC restructuring. With more than 20-plus years of experience in cross-border insolvency and restructuring, special situations, distressed debt and private credit,...
Digital disruption in the finance and banking sector

Disruptive technology or disruption disguised as convenience

By Gaurav Sahay and Ashita Sahay, SNG & Partners
Finance, book-keeping, transaction-making, investment, credit, insurance and trade have always operated under the strict eye of the regulator. The sector has always been a conventional one, and an authoritarian compliance regime has overseen its workings. In the light of...
Terminating hotel management agreementsvideo

All things shall pass including hotel management agreements

By Sumes Dewan and Tanya Mishra, Lex Favios
Hotel management agreements (HMA) usually set out the circumstances in which hotel owners and operators may terminate them. Prescribed events may allow the termination of an HMA by a hotel owner. These include such matters as the mutual agreement between...

FDI into India through alternative investment platforms

By Rajiv Sharma and Shubhangi Goel, Singhania & Co
Distributed ledger technology-driven alternative investment platforms (DLT platforms) contribute to the inclusive growth of an economy. They attract every level of society, from low and middle to high class. Traditionally, investments requiring large scale funds were limited to high...
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) have launched a real-time payment system linkage between Singapore's PayNow and India's Unified Payments Interface (UPI). According to the announcement, this is the world’s first real-time payment...
Fraud and misdeclaration cases under investigation will not be covered by the amnesty scheme announced under the new Foreign Trade Policy (FTP), the Ministry of Commerce and Industry announced. “Cases under investigation or cases adjudicated for/involving fraud, misdeclaration or unauthorised...
The Securities and Exchange Board of India (SEBI) has permitted authorised bank officials to use the Swift mechanism for certification of copies of original documents submitted by foreign portfolio investors (FPIs), “in order to ease the onboarding process of...
The Securities and Exchange Board of India (SEBI) has announced amendments to its Buy-Back Regulations with the aim of streamlining the process of buybacks, promoting the ease of doing business and creating a level playing field for investors. Changes include...
Widening the ambit of the Prevention of Money Laundering Act, the Finance Ministry has tightened the reporting norms for non-profit organisations and beneficial ownership rules. The changes, brought about by an amendment to the Prevention of Money-laundering (Maintenance of Records)...
In a move towards creating greater transparency, the Securities and Exchange Board of India (SEBI) issued a circular announcing the introduction of the issue summary document (ISD) and the dissemination of issue advertisements. The circular is applicable to all issuers,...
Cyril Amarchand Mangaldas (CAM) and Freshfields Bruckhaus Deringer advised Goldman Sachs (India) Securities, the sole broker, in the Dabur India share sale by Gyan Enterprises and Chowdry Associates. The deal is valued at INR9.7 billion (USD119 million). Partner Gokul Rajan,  who...
S&R Associates advised the committee of creditors of Indian Steel Corporation’s corporate insolvency resolution and acquisition by AM Mining India. Partners Divyanshu Pandey and Sudip Mahapatra led the S&R team, with assistance from associates Apurv Sharma and Rajat Maloo on...
Khaitan & Co acted as legal counsel for Reliance Industries and Assets Care & Reconstruction Enterprise in their resolution plan to acquire textiles maker Sintex Industries under corporate insolvency. The resolution plan involved payment of INR36 billion (USD440 million) to...
TT&A acted as the Indian counsel to MUFG Bank’s acquisition of a minority stake in Indian digital financial services company DMI Finance through a primary infusion of INR19.1 billion (USD232 million). The TT&A team comprised of partners Gautam Saha, Heena Singh and Harshit...
The Bombay High Court, in Shriram EPC Ltd and Anor v Gaja Trustee Co Pvt Ltd, held that it would not be right for the court to foist unwarranted arbitration on the parties when clearly on the facts the cause...
In Quess Corporation v Netcore Cloud Pvt Ltd, the Bombay High Court held that if an arbitrator has accepted a brief from a law firm or advocate representing a party in an arbitration, that by itself will not lead...
JSA advised Torreya Holdings in the 100% acquisition of Torreya Partners by Stifel Financial Corp for an undisclosed amount. The transaction team from JSA consisted of lead partner Rupinder Malik, partner Rajul Bohra, senior associate Abin Francis and associate Sanchita...
China released draft rules aimed at regulating the development of artificial intelligence generated content (AIGC) products such as ChatGPT on 11 April and, if implemented, would mark the world’s first comprehensive written law on AIGC. Although similar regulations have been...
Chicago-based law firm McDermott Will & Emery has appointed Peter Lu as a partner and the global head of its China practice, based in its London office. Lu, who was a Baker McKenzie partner, brings 14 years of experience in...
AllBright Law Offices has opened its Tokyo office on 31 March, the fourth overseas branch following the establishment of sites in London, Seattle and Singapore. Senior partner Theresa Qiu, who is the first Chinese woman lawyer authorised by Japan’s justice...

Managing founder disputes in startups

By Nitu Agarwal, YNSS Law Offices
Investors must safeguard themselves from potential disputes arising between founders by having a strong encompassing agreement in place that foresees all possible scenarios Success stories headlining large fundraises and skyrocketing valuations of startups lead many to presume they are functioning...
independent director’s undesirable predicament

The independent director’s undesirable predicament

By Yu Yue, Zhilin Law Firm
China’s independent director system has existed for more than 20 years. It was in 2001 that the China Securities Regulatory Commission (CSRC) issued the Establishment of Independent Director Systems by Listed Companies Guiding Opinion, intending it to play a...
Saudi’s engineering investment promotion policy

Saudi’s engineering investment promotion policy: Regional HQs

By Wang Jihong and Wu Peng, Zhong Lun Law Firm
The Royal Commission of Riyadh City and the Ministry of Investment of Saudi Arabia jointly launched their Regional Headquarters Plan to support the Saudi Vision 2030 social and economic transformation plan, and to encourage multinational corporations to Saudi Arabia. The...
IndusLaw advised fintech startup PhonePe on its USD200 million fundraising from parent company Walmart, which gives it a pre-money valuation of USD12 billion. The IndusLaw transaction team consisted of partners Saurav Kumar and Rohit Ambast, principal associate Swathi Sreenath and associates Saurabh Raman...
White Paper on China’s ESG requirements

White Paper sheds light on China’s ESG requirements

By Rossana Chu and Jacky Chan, LC Lawyers
The recent White Paper on ESG Practices in China summarises national policies related to environment, social and governance (ESG) applicable to the financial market. Published jointly by China Central Depository & Clearing and the International Capital Market Association on...
countering patent infringement

Administrative adjudication in countering patent infringement

By Mi Tai, Sanyou IP Group
China’s IP authorities are handling a rising number of cases of administrative adjudication on patent infringement, increasing from 28,200 to 34,600, 39,000, 42,000 and 49,800, respectively, between 2017 and 2021. The disclosure of these statistics by the China National Intellectual...
trust company operation and governance

The logic of reforming trust company operation and governance

By Yao Xiaomin and Cai Min, Lantai Partners
According to the State Council Institutional Reform Plan, establishment of the National Financial Regulatory Administration (NFRA) evolves the new regulatory system from the original mixed-operation and sectoral model of regulation to a functional and integrated regulatory system. The external regulatory...
JSA advises US-based Mobiv Acquistion Corp in a USD409 million SPAC merger with Coimbatore-based Srivaru Holding, which will see the Indian firm list on the Nasdaq. Mobiv is a Nasdaq-listed special purpose acquisition company (SPAC) that focuses on electric vehicles, while Srivaru  specialises in providing premium electric motorcycles. SPAC...
S&R Associates is representing Aéroports de Paris SA (ADP) in its agreement with GMR Airports Infrastructure Limited (GIL), in a merger of GIL with the holding company GMR Airports Limited (GAL), where ADP and GIL hold 49% and 51%, respectively. Partners Rajat Sethi, Mohit...
Pharma compliance in tax management

Pharma compliance in tax management through data

By Quan Kaiming and Yuan Wei, AllBright Law Offices
The main taxation issues currently facing pharmaceutical enterprises relate to distribution. A lack of changes to the current system of controlling pharmaceutical circulation has perpetuated the established model of benefit distribution. As a result, pharmaceutical companies resort to off-book operations...
New commercial bill regulations

New commercial bill regulations impact RE supply chain businesses

By Zhou Le, Blossom & Credit
In recent years, due to the combined impact of a downward trend in the real estate market and the pandemic, supply chain enterprises of real estate companies have suffered heavy losses. Particularly, the longstanding practice of real estate enterprises to...
Shardul Amarchand Mangaldas & Co (SAM) advised IndusInd Bank in granting financial assistance to the Duet India Hotels chain for its entities in Pune, Jaipur, Ahmedabad, Chennai and Hyderabad. Legal counsel involved advice on refinancing the existing loans obtained from...
corporate compliance of listed companies in M&A

Disclosure obligations, compliance of listed companies in M&A

By Liu Huaying and Xu Chen, Grandway Law Offices
Since last year, listed companies involved in large-scale mergers and acquisitions (M&A) have frequently experienced after-effects, which is an issue worthy of vigilance. The M&As are often accompanied by equity adjustments, changes in assets and liabilities, or changes in...
Cooley has revamped its Asian leadership appointing its first partners in charge of the Hong Kong and Beijing offices, and resolved the succession of Christina Zhang, head of the Shanghai branch for more than a decade. Corporate partner Michael Yu...
Following an extensive nomination process, Asia Business Law Journal unveils the top performers of Taiwan’s legal profession. Nguyen Yen and Lim Miran report ACCESS THE TAIWAN A-LIST 2023 Taiwan has shown remarkable resilience and adaptability in recent years, with many industries continuing...
Multiple firms have announced the advancement of talent among their various practice groups during April when annual promotions are made for the new fiscal year. Khaitan & Co promoted 11 new partners and 12 counsel with a view to engage...
Davis Polk, King & Wood Mallesons (KWM), Conyers Dill & Pearman, Cleary Gottlieb and Haiwen & Partners, have advised on the largest IPO in Hong Kong to date this year. China’s liquor brand ZJLD Group expects to raise HKD5.3 billion (USD676 million) ahead...
India’s green deposits

India’s green deposit, finance initiatives need push

By Anurag Dwivedi and Shashwat Bhaskar, Shardul Amarchand Mangaldas & Co
A framework for acceptance of green deposits issued recently by the Reserve Bank of India (RBI) comes into effect in June this year. The framework defines green deposits as interest-bearing deposits received for a fixed period that are earmarked...
Real estate M&Avideo

M&A activity shows real estate resilience

By Ashoo Gupta, Shardul Amarchand Mangaldas & Co
Mergers and acquisitions (M&A) in the real estate sector should be set against the overall M&A landscape. Overall numbers show a slowdown in M&A deals during the first quarter of 2023, with global market intelligence company Refinitiv reporting a...
India companies facing English litigation

Indian companies facing litigation in England

By Gautam Khurana, India Law Offices and Jeremy Lederman, Harold Benjamin
As India received its legal structure from England, it is not surprising that many India companies in international disputes choose the jurisdiction of England and English law as the governing law. Language and legacy may be the reasons. The key...

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