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Following an extensive nomination process, Asia Business Law Journal unveils the top performers of the country’s legal profession. Nguyen Yen and Lim Miran report Access the A-List 2023 Singapore is renowned as being ideally located for companies looking to expand into...
jiangsu legal market competition 2023

Blue ocean tides

A business advantage provided by the Third Circuit Court of the Supreme People’s Court has lost momentum, prompting Jiangsu to seek new avenues to maintain its legal market position in line with its economic dominance. Winny Zhang reports. Jiangsu is...
King & Wood Mallesons (KWM) Yangtze River Delta IP Centre, in partnership with the Wuxi government, unveiled China’s first semiconductor intellectual property (IP) operation centre on 26 March in Jiangsu province. The centre, approved by the China National Intellectual Property...
AnJie Broad Law Firm has added intellectual property (IP) specialist Cao Keyu as a partner in its Xiamen office. Cao’s expertise lies in IP matters related to sports and the digital economy, and he has a track record of handling...
Clifford Chance advises Daiwa Energy and Infrastructure, a subsidiary of Japan’s Daiwa Securities Group, on the acquisition as part of an investor consortium of 100% of Celtic Roads Group (Waterford). Celtic Roads operates the N25 Waterford Bypass direct toll road,...
After eight years at Thai law firm Weerawong C&P and seven years leading its capital markets and corporate governance practice groups as a senior partner, Veeranuch Thammavaranucupt launches her own firm, TTT+Partners. Thammavaranucupt decided to embark on a new journey...
Korean law firm Dentons Lee has established a new insurance and reinsurance team with the hiring of specialists John JungKyum Kim and Christina Jiwon Park as the co-heads and senior attorneys. The pair bring combined experience of more than 40...
Top client turn-offs

The hit list

Have you ever wondered why your clients prefer your law firm over others? Or perhaps what they particularly dislike about your own legal services? Our survey gauges the opinions of in-house counsel around the region on their pet peeves...
International arbitration expert Vanina Sucharitkul joins Singapore’s Rajah & Tann as a partner in the firm’s regional international arbitration practice. Initially based in Bangkok, Sucharitkul will work closely with the firm’s headquarters In Singapore before relocating there in due course. “Vanina’s...
AI’s disruption in IP

AI’s disruption in IP and evolution of jurisprudence so far

By Meghana Chandorkar and Chandana Arval, TMT Law Practice
Intellectual property (IP) laws have, until now, in the absence of artificial intelligence (AI), considered IP as the creation of human intellect. This foundation has been disturbed by the recent explosion in AI, which has seen the creation of...
True identity of hotels in Indiavideo

Hotels are run by managers, not owners

By Sumes Dewan and Tanya Mishra, Lex Favios
When travellers book their stays at hotels, their immediate consideration is the brand or name of the hotel they want to go to. People choose their preferred hotels because of their previous experiences of living and being looked after...
Preparatory use of a mark

Preparatory use of a mark as legitimate use

By Manisha Singh and Omesh Puri, LexOrbis
To prevent the cancellation of a trademark due to non-use, the owner must use the mark within a specified timeframe. Under section 47 of the Trade Marks Act, 1999, an aggrieved party may petition for cancellation of the mark...
More than 100 in-house counsel met in Melbourne’s central business district to connect during the Association of Corporate Counsel (ACC) Australia’s first in-person Victorian In-House Counsel Day on 9 March after being idle for three years. “As in-house lawyers, we...
The Singapore Corporate Counsel Association (SCCA), with the support of the city state’s Ministry of Law, will bring together legal experts from across the Asia-Pacific region to discuss the latest industry trends and developments at the APAC Legal Congress...
Notable leaders shared inspiring stories to celebrate the contributions of women in the legal industry at the International Women’s Day Evening Drinks 2023 on 10 March at One Degree 15 Marina at Sentosa Cove. The event featured notable women leaders...
Global law firm Dentons solidifies its Asean presence with the Philippines’ PJS Law joining its network and adding to Dentons offices in leading Southeast Asian economies, including Indonesia, Malaysia, Myanmar, Singapore and Vietnam. “PJS Law and Dentons share the vision...

Calculated Risks

The critical task of risk assessments is being done by both in-house counsel and external lawyers,  yet few do it with great facility, as the to-do lists may go beyond the literal job description. Aaron Shao, head of Legal...
Personalised advertising

Personalised advertising needs to be less personal

By Aadya Misra and Vishnu Naduvakkad, Spice Route Legal
Personalised advertising has become a tightly focused subject in the field of data protection and consumer protection. Large, data-driven companies leverage their access to consumers’ information, tailoring advertisements and marketing, and selling them personalised goods and services. Companies often...
Proxy wars in patent litigation

Proxy wars in patent litigation: Not always a viable strategy

By Pravin Anand and Vaishali Mittal, Anand and Anand
A recent decision by the Competition Commission of India has put the lid on infringers with frivolous patent allegations There has been a proliferation of proxy wars for patent supremacy in recent years. What is at the core an IP...
China in-house counsel sustainability over speed

Calm resilience

Years of market disruption and uncertainty have left China's business warier but wiser. Anticipating a year of revival and growth, in-house legal heads prioritise sustainability of the future over a speedy compensation for the past. Kevin Cheng reports “Chance favours...
IP property infringement cases

Factors influencing compensation in IP property infringement cases

By Frank Liu, Shanghai Pacific Legal
With the reform of a succession of IP laws in recent years, the statutory maximum compensation for trademark, patent and copyright infringement, and unfair competition cases, has been increased to RMB5 million (USD720,000) . Several typical cases in which the court upholds hefty compensation of...
Lexicon

Wills

THIS COLUMN explores the topic of wills from a historical and comparative perspective. It begins by examining the terminology that is used in English and Chinese. It then traces the history of wills in England and China. Finally, it...
IP securitisation in China

IP securitisation in China: origins, development and present status

By Li Yanbo and Wang Chenghao, Zhilin Law Firm
The US produced the world’s first intellectual property (IP) securitisation product in 1997. China followed about two decades later, but has since seen the rapid growth and diversification of products. WHAT IS IP SECURISATION? IP securitisation entails that the initiator (often...
legal perspective on co-branding

‘Artist + brand’ co-branding from a legal perspective

By Cecilia Chen and Huo Qiyi, ETR Law Firm
We live in an age where seemingly any two unrelated brands can suddenly launch a co-branding campaign. In the world of co-branding, artists in many ways enjoy special status. In particular, unlike other celebrities, artists participate in co-branding through their...
private fund dispute cases 2022

Judicial perspectives in private fund dispute cases in 2022

By Yao Xiaomin and Wang Chengtao, Lantai Partners
Although the number of private fund dispute cases in 2022 was lower than in previous years, the cases still involved significant amounts of money and complex legal relationships, and some points of dispute did not yet have uniform adjudication rules. The authors have...
Role Legal Associates - Tang & Co. (in association with Helmsman LLC) Location Hong Kong Job Description We focus on equipping our Legal Associates with strong legal and analytical skills and practical case management expertise which are essential for legal practice. We believe in...

Legal Associates

Role Legal Associate Location Singapore Job Description We focus on equipping our Legal Associates with strong legal skills and practical case management expertise which are essential for legal practice. We believe in offering plain and practical advice to our clients and we train our...
ChatGPT Legal risks

Legal risks associated with ChatGPT

By Peng Yue and April Zhao, ZSK Attorneys at Law
It’s the new wave of artificial intelligence-related evolution, but just what are the legal risks associated with AI-generated content? ChatGPT, an application of artificial intelligence generated content (AIGC) that utilises AI technology to automatically generate text, images and audio-video...
Deal highlights March 2023

Deal highlights

LISTINGS JF Wealth Holdings raised HKD1.17 billion (USD149 million) in HKEX’s largest IPO of March. The company is part of the initial group of licensed securities investment advisers in China, and is one of 81 such companies operating nationwide. Clifford Chance,...
In this edited extract from a roundtable hosted by India Business Law Journal and Ikigai Law, moderator Sreenidhi Srinivasan and a distinguished panel of global data privacy experts discuss how companies can create globally compliant data privacy policies. Many countries...
building a corporate compliance system

Tips for building a corporate compliance system

By Zhu Nandi, Blossom & Credit
In recent years, the demand for compliance in businesses has increased significantly, however many enterprises still perceive corporate compliance management as a brand new concept. To establish a comprehensive compliance system, at least three challenges and four key points...
BVI court Hong Kong Cayman decisions

Litigate or arbitrate: The continuing debate

By James Noble, Kate Lan and Yan Chng, Carey Olsen in Singapore
Insolvency proceedings become more complex when an arbitration clause is in place, but a recent case in the British Virgin Islands brings some clarity. Carey Olsen’s Singapore team has considered the first reported British Virgin Islands (BVI) case in the...
Competition Commission of India

CCI in paralysis

Government indecision on a major appointment to India's antitrust watchdog has left it in a regulatory limbo, unable to properly enforce or protect, Freny Patel reports. The government’s failure to fill the empty chairman’s seat at the Competition Commission of...
The Securities and Exchange Board of India (SEBI) recently listed 39 entities to use the e-KYC Aadhaar authentication services in the securities market as a sub-KYC (know your customer) user agency, under the Prevention of Money Laundering Act, 2002. The...
The Madras High Court has directed the state government to “issue a notification for the inauguration” of an intellectual property division within the court, following delays in the process. The delay has worsened the situation for several litigants who remained...
The federal government has notified new E-Waste (Management) Rules, 2022, in force from 1 April 2023. The laws replace the previous E-Waste (Management) Rules, 2016. The new rules aim to reduce the use of hazardous substances such as lead, mercury...
The Insolvency and Bankruptcy Board of India (IBBI) has launched the entry process for the fifth Graduate Insolvency Programme (GIP). The GIP reduces the time to become an insolvency professional to two years. Entrance tests will be conducted jointly by...
The Securities and Exchange Board of India (SEBI) has announced governance norms for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), in line with those for listed companies. It follows the board’s approval of the concept in...
The Reserve Bank of India (RBI) has published draft guidelines for minimum capital requirements for market risk under the international Basel III framework. The bank has requested comments on the draft guidelines by 15 April. The RBI is converging its...
The Securities and Exchange Board of India (SEBI) has issued a circular stating that intermediaries – including brokers, mutual funds and portfolio managers – can be held accountable for any fraudulent activities committed by their clients. The 2 March...
The Ministry of Railways taps DSK Legal’s advice in a USD3.25 billion deal with Siemens for the supply and maintenance of electric freight locomotives in India. The agreement will be executed by global firm Siemens in collaboration with Indian Railways to boost the country’s self-reliance in rail manufacturing, and...
Cyril Amarchand Mangaldas (CAM) counsels TI Clean Mobility Private Limited (TICMPL), manufacturer of electric three-wheelers, on fundraising USD155 million from Multiple Private Equity Fund III (Multiples), State Bank of India (SBI) and TII. CAM’s general corporate practice partner Vandana Sekhri led the team...
S&R Associates is representing leading global chemical producer Solenis, a portfolio company of Platinum Equity, on a proposed USD4.6 billion merger with Nasdaq-listed Diversey Holdings. Partners Sanjeev Adlakha and Prachi Goel led the S&R team assisting Solenis on the Indian legal aspects of...
JSA recently advised the Department of Investment and Public Asset Management in the listing of NMDC Steel on the BSE  and National Stock Exchange of India. Lead partner Shivpriya Nanda led the transaction team with partner Gaurav G Arora, senior associate Harish Choudhary,...
Fintech company Lendingkart Technologies (Lendingkart) has acquired digital lending platform Upwards Fintech in a deal valued at USD12 million. Luthra and Luthra Law Offices India advised Upwards Fintech Private and its subsidiary Upwards Capital Private Limited (Upwards) on the acquisition by...
Khaitan & Co advised Rockwell Automation International Holdings, along with its nominee Rockwell Automation, in its 100% acquisition of Knowledge Lens. The core team at Khaitan comprised partner Kalpana Unadkat, senior associate Aman Anand and associate Yash Bhagwat. Rockwell Automation is the...
Stratage Law Partners acted for Marengo Asia Healthcare on its 100% acquisition of W Pratiksha hospital in Gurugram. Stratage advised on the transaction, drafting of the deal documents and negotiating on behalf of Marengo as well as conducting legal due diligence. The transaction...
Mediation as an alternate dispute resolution

Mediation by necessity

With a disputes system in crisis in the country, mediation is the way forward, write Max Life Insurance legal experts Amit Wadhwa and Richa Relhan. The development of a society comes with the unintended byproduct of increased disputes and differences...
customs price inspection and compliance

Handling customs price inspection and compliance

By Jia Xiaoning and Ning Jing, AllBright Law Offices 
Customs price inspections check the authenticity and legality of declarations by enterprises of “elements related to dutiable value” in import and export activities (dutiable elements). Due to numerous dutiable elements, price inspections frequently have far-reaching effects on the interests...
ESG labour compliance system

How companies should establish an ESG labour compliance system

By Tracy Liu and Larry Lian, Jingtian & Gongcheng
As sustainable development continues to gain prominence as an international strategy and trend, environmental and social governance (ESG) compliance issues are becoming increasingly important for Chinese companies facing an increasing number of challenges. Taking disclosure rules as an example, although there are...
Compensation liability liquidation duties

Compensation liability for directors’ neglect of liquidation duties

By Li Zhingyong, Grandway Law Offices
The second draft of the revised Company Law stipulates, in article 228, that directors are the liquidation obligors of limited liability companies. Based on this, creditors have the right to claim compensation from directors who fail to fulfil their liquidation obligations....
merger filings approved with conditions

When merger filings are approved with conditions

By Ryan Fang and Simon Shi, Jingtian & Gongcheng
In 2022, Chinese anti-monopoly enforcement agencies concluded 741 cases of merger filings, of which five were cleared conditionally. This brought the total number of conditionally cleared cases to 57. This article provides a brief analysis and suggestions based on regulation and practical...
Quinn Emanuel Urquhart & Sullivan opened an office in Beijing, its third after Hong Kong and Shanghai in China, expanding its presence in the Chinese market. Liu Xiao, chair of the China practice, said the new office would always provide...
Shu Jin Law Firm launches an office in Wuhan, the capital of Hubei province, to strengthen its business across the central region and is the seventh branch of the Shenzhen-based firm. With eight partners and 21 upcoming lawyers, the new office...
TFCD guidelines on climate change

TCFD is not storm in a teacup

By Soumya De Mallik, Unnati Goel, Prithviraj Chauhan and Meeval Mariam Varghese, HSA Advocates
In 2017, the Task Force for Climate-related Financial Disclosures (TCFD) delivered to the Financial Stability Board of the Bank for International Settlements, a set of consistent, comparable and transparent guidelines for the financial disclosure of climate-related risks and opportunities....
In-house counsel turn-offs with law firmsvideo

What clients really want

Have you ever wondered why your clients prefer your law firm over others? Or perhaps what they particularly dislike about your own legal services? Our survey gauges the opinions of in-house counsel around the region on their pet peeves...
Patent Act 1970 law fine

Patent law fine with penalties, not prison

By DPS Parmar, LexOrbis
Chapter XX of the Patent Act, 1970 (act), containing sections 118 to 124, imposes penalties for breaches of various provisions. Penalties include fines and imprisonment. Proceedings before the Controller General of Patents, Designs and Trade Marks (controller) are governed...

Deals of the year 2022

India Business Law Journal reveals the standout deals and disputes of 2022 and the law firms that showed their worth in successfully concluding them Despite concerns of a resurgence in covid-19 cases at the beginning of 2022, the year saw...
DOCVIT Law Firm hires Wu Xinwu as a Haikou-based partner to boost its investment, financing and M&A business. With 25 years of experience as a lawyer, Wu, who practised at Kejie Associates and the San Francisco office of King & Wood Mallesons,...
Chen Mingwu has joined Wang Jing & GH Law Firm as a senior partner in Guangzhou and head of the intellectual property department. Previously, he was a partner at GTL Law Firm. As a qualified patent attorney, Chen focuses on IP...
Infrastructure specialist Li Deting, formerly a partner at DeHeng Law Offices, returns to JunHe as a Shanghai-based partner. Having 17 years of legal experience behind him, Li specialises in infrastructure, energy and natural resources as well as project financing, and is familiar with the...
The Bar Council of India (BCI) announced new rules on Wednesday signalling a significant policy shift that relaxes entry conditions allowing international lawyers and arbitration practitioners to advise in the country. Foreign lawyers and law firms registered with the BCI...

Securing the future of stressed assets

By Sawant Singh and Aditya Bhargava, Phoenix Legal
Securitisation is the aggregating of commercial debt and repackaging it as capital market instruments. India has separate regulatory frameworks for the securitisation of standard or performing assets, which involve banks and financial institutions, and non-performing assets, which involve asset...
India specified goods new valuation rules

New valuation rules introduced for specified goods

By Reena Asthana Khair, Kochhar & Co.
The Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (rules), read with section 14 of the Customs Act, 1962, identify undervalued imports that should be investigated further. Undervaluation leads not only to evasion of customs duty...
Chinese companies now have a clearer idea of whether they can list overseas when new China Securities Regulatory Commission (CSRC) rules take effect from 31 March 2023. The CSRC issued the new rules in February to clarify the filing process...
Japanese law firm Miura & Partners (M&P) plans to open overseas offices in San Francisco, Jakarta and London in April 2023 in the firm’s first expansion after its establishment in 2019. In San Fransisco, the firm has inked a strategic...
Herbert Smith Freehills will close its Seoul branch after 10 years, while the office head and disputes partner Mike McClure is set to relocate to London and Seoul-based partner Dana Kim will move to Hong Kong. McClure, who has been...
Two energy lawyers at the Philippines law firm Puno and Puno Law Offices (PunoLaw), Jose Layug Jr and Richie Avigale Pilares, have joined DivinaLaw as senior partners in Manila. Layug, who is also the dean of the University of Makati...
Ashurst has advised Taiwanese cable company Walsin Lihwa in a joint venture with Danish cable giant NKT HV Cables AB to manufacture the first subsea cable for offshore power in Taiwan. NKT will provide the expertise and technical support for...
Mandatory Retirement Age for Judges

Judging retirement

Are mandatory retirement ages for senior judges discriminatory? And are we pushing out our finest legal minds just as they hit their peaks of knowledge? Our regular China Business Law Journal columnist, Andrew Godwin, explores the issue from an...
India Business Law Journal reveals the achievements of the country’s leading in-house counsel and corporate legal teams who have been selected as this year’s winners. Katherine Abraham reports Individual AwardsTeam Awards As the In-House Counsel Awards 2023 moves into its second year,...

Rising Stars 2023

When helping clients navigate a complex legal landscape, young elite lawyers have brought fresh ideas and innovative approaches to the table. After unprecedented market feedback, China Business Law Journal presents this year’s young elite lawyers in China’s legal sector....
What are the winning traits of lawyers that make them stand out to their clients and peers? Stanley Le reports Access The List This year’s search for Future Legal Leaders begins with the winning traits of lawyers as recognised by clients....
Role Senior Legal Counsel (10-15 PQE) - 16960/VTA Location Hong Kong, China Job Description Our client, a leading international technology company, is seeking a senior-level corporate M&A lawyer to join their Hong Kong office and help navigate the legal landscape as they continue to...
land for renewable projects in Vietnam

Obtaining land for renewable projects in Vietnam

By Wang Jihong and Zhao Huiqi, Zhong Lun Law Firm 
Rich renewable resources, generous subsidies and incentives, and a booming economy and manufacturing sector driving electricity demand have been drawing global investors to Vietnam’s renewable energy projects in recent years. Following an initial period of rampant growth, investment in the...
LEXICON has previously examined the establishment and operation of international commercial courts (China Business Law Journal, volume 8, issue 10: International Commercial Courts; and volume 10, issue 6: BRI and China’s international commercial courts). This column examines commercial courts in...
transferring pregnant employees

Mistakes to avoid when transferring pregnant employees

By Alex Xing, Labour Consulting (LABOURS)
Chinese couples are now allowed to have three children as China has gradually relaxed its birth policy in recent years to cope with an ageing population, putting an end to the one-child policy that continued for more than three...
ESG regulation and investment outlook China

State of ESG regulation and investment outlook in China

By Ge Yin and Li Yipu, Han Kun Law Office
With the growing importance of environmental, social and corporate governance (ESG) and the high level of globalisation in capital and supply chains, the scope of ESG regulation is no longer confined to listed companies, the traditional targets. Additionally, an increasing...
exercise period for equity buybacks

Deciphering exercise period for equity buybacks

By Chen Zhuo and Leslie Wang, Tian Yuan Law Firm
As one of the most common “valuation adjustment” clauses used by investors, equity buyback clauses have been widely applied in the practice of private equity investment. The Minutes of the National Courts’ Civil and Commercial Trial Work Conference provide relatively...
video

Best-laid plans

Janet Hui, the new co-chair of the International Bar Association’s antitrust section, talks to Winny Zhang about her ambition to broaden the horizons for Chinese lawyers in the competition arena, and her unusual career journey, switching from in-house to...
Trademark infringement issuesvideo

Trademark infringement issues with gift promotions

By Tan Qiaosha, Sanyou Intellectual Property Agency
Gift promotions are one of the most common methods used by businesses to boost sales performance. However, the question of whether providing free products as gifts constitutes a sales activity or trademark infringement is a concern for many enterprises....
A non-fungible token (NFT) is a unique digital certificate of entitlement recorded in the blockchain that cannot be copied, replaced or separated. It is similar to bitcoin in that both can be sold and traded, but unlike bitcoin, NFTs...
The definition of third-party funding (TPF) is when, during a litigation or arbitration procedure, a third-party contributor provides financial support to one of the parties in the dispute in the form of a contract, and receives remuneration after the...
india transborder reputation

Transborder reputation in India means you must be here

By Essenese Obhan and Sannidhi Mahapatra, Obhan & Associates
Global citizens and travellers extensively use online sites, social media and search engines to smooth their journeys and stays. Usually this involves no thought as to where any service provider is based or the countries in which it operates....

ESG finance: Where to find the money?

By Gautam Khurana and Panos Alivitazos, India Law Offices
India is committed to cutting carbon emissions and reaching net-zero by 2070. While this target is still far away, a more immediate government target is cutting carbon emissions by 45% from 2005 levels and generating 50% of all power...
William Greenlee, a partner and managing director of the Singapore office of DFDL, has left Asia to take a new role as an of counsel at American law firm Fennemore. In his new role, Greenlee’s practice covers California and Nevada,...
Japan’s business sector post-pandemic

Business blossoms

Like the nation’s famous cherry blossom trees, business in Japan is opening up after a bleak covid winter. But this time things seem different. John Church reports Slowdown and lockdown are two words with which we are all too familiar...
Government tightens grip on Big Tech

The big squeeze

Should India tighten its grip over international technology companies, or will this approach backfire and cause them to reconsider growth plans in India? Freny Patel reports India is entering 2023 with policy changes that could tighten the government’s grip on...
Financial leasing by transfers of assets

Financial leasing through gratuitous transfers of assets

By Xu Rundong, AnJie & Broad Law Firm
Financial leasing, as a capital-intensive industry, is characterised by the high value of leased assets and long asset recovery cycle, which requires leasing companies to pay special attention to preventing and controlling legal risks in business activities. According to the...
In January and April of 2013, Chinese company A issued two purchase orders to US company B. The two parties then concluded contract No. 1 and contract No. 2 based on the two purchase orders in April. Under contract No....
legal professionals 2023 expectationsvideo

What’s ahead?

We gathered opinions from legal professionals on their hopes and plans for this year, and what they have done to survive the past tumultuous years. Putro Harnowo reports A lthough the world is still grappling with the turbulence of trade tensions...
The Ministry of Finance (MOF) and State Taxation Administration (STA) have extended preferential individual income tax (IIT) for equity incentive income for another year, until 31 December 2023. Taxpayers can also continue enjoying preferential IIT on annual bonuses and expatriates’...
In the recent case of Square Four Assets Management & Reconstruction Co P Ltd and Ors v Orient Beverages Ltd and Ors, the Calcutta High Court held that in an application for an order under order XII, rule 6,...
Raghavan Ramabadran, Bharathi Krishnaprasad and Sahana Rajkumar of tax specialist law firm Lakshmikumaran & Sridharan discuss the significant amendments proposed in the budget Apart from laying out the broad plans of the government in respect of policies and financial outlay...
Hong Kong’s Pilot Scheme on Immigration Facilitation for Visitors Participating in Short-term Activities (Pilot Scheme for STV) has been expanded to cover two additional new sectors and about 50 additional authorised host organisations. The government announced that, from 1 February...
ONDC e-commorce democratisation

Dipping a cautious toe in the e-commerce swamp

By Manisha Singh and Simrat Kaur, LexOrbis
The Open Network for Digital Commerce (ONDC) aims to democratise e-commerce and improve sellers’ visibility and portability of trust. A non-profit company, ONDC plans to help the vast number of kirana or small, neighbourhood, retail stores to sell digitally...
Apurv Sardeshmukh, a former partner at Legasis, has moved to Legalogic Consulting as head of the firm’s mergers and acquisitions practice. With more than 15 years of experience in M&A and private equity transactions, Sardeshmukh is set to strengthen the...
Arpit Choudhary, formerly with Bar & Brief Attorneys, joins ANM Global as a new partner in Mumbai to strengthen the firm’s media and entertainment practice. Choudhary has more than a decade of experience in the media and entertainment industry, specialising...
Leading arbitration specialist Anuradha Agnihotri has joined Herbert Smith Freehills (HSF) as an of counsel in London to strengthen the firm’s India disputes practice. Andrew Cannon, head of the India disputes group at HSF, said, “India is the world’s fifth...
Korean law firm Yoon & Yang has strengthened cross-border capacity, hiring Jason Lee and Hong Song Feng from Kim & Chang and Bae Kim & Lee, respectively, as well as former general counsel Ro Sung Jin. The trio joined Yoon...
After 25 years at Baker McKenzie and spending 12 years as a partner, Thananan Sangnuan moves to DLA Piper as a partner in the Bangkok office. Sangnuan advises financial institutions and commercial banks in managing distressed debt and assets, asset...
In a rare move and sign of an upbeat outlook Spanish law firm Cuatrecasas appoints corporate veteran Sandra Costas as its new director in China following the Asian giant ending its zero-covid policy. Costas, a corporate lawyer with 20 years...
Banking and finance specialist Akihiko Takamatsu has joined Norton Rose Fulbright in Tokyo, marking a turning point as it now operates as a foreign law joint enterprise (gaikokuho kyodo jigyo) and can offer Japanese legal advice for the first...
video

On the money

As part of our annual exploration of billing rates, we decided to begin analysing specific sectors for an insight into how fee practices vary. In this report, Luna Jin takes a close look at domestic capital markets and how...
Goodwin hires Matthew Nortcliff as a partner revamping its regional private investment funds practice a year after opening the Singapore office in 2022. Based in Singapore since 2010, Nortcliff moved from CMS, where he was a partner and head of...
After an eight-year stint at Norton Rose Fulbright as a partner, Singapore-based technology and data lawyer Stella Cramer joins Clifford Chance to lead the tech group in the Asia-Pacific. Cramer, who will be a partner at Clifford Chance, also served...
pharmaceuticals amid vbp reform

How can pharmas amid VBP reform ‘make elephants dance’?

By Alex Xing, Labour Consulting (LABOURS)
Volume-based procurement (VBP) of drugs and medical supplies is the new normal in China’s medical sector to ensure reasonable prices and steady supply. To pharmaceutical companies the reform means a massive internal switch, which is easier said than done Failed...
Artificial intelligence’s impact on legal industry

Artificial intelligence’s impact on legal industry

By Jaya Negi and Yudhajeet Sinha, Anand and Anand
The fast-paced progress of artificial intelligence (AI) is set to impact every industry and profession, with the legal world now taken by storm as the revolution reaches the doors of law. The DoNotPay app, founded by Joshua Browder, is supposed...
India’s proposed CoC voting threshold

India’s CoC voting threshold may force hand of lenders

By Anurag Dwivedi and Shashwat Bhaskar, Shardul Amarchand Mangaldas & Co
India’s Ministry of Corporate Affairs recently issued a discussion paper inviting comments on a host of amendments proposed to the Insolvency and Bankruptcy Code, 2016. While the window for comments has now lapsed, any amendments are yet to be...
Singapore’s Lighthouse Law has joined an international outfit Aliant Law as its second Asian office after China to establish Aliant Lighthouse Law, led by managing partner Adrian Wee. Jacob Stein, chairman of Aliant in Los Angeles, said having operations on...
Legal risks and strategies ending tenancy early

Legal risks and strategies for ending a tenancy early

By Zhu Tao and Zhang Zhuo, ETR Law Firm
Early termination of a tenancy is now common due to the pandemic and economic downturn. Excluding force majeure or changed circumstances, what issues are of concern in the event of early surrender of a tenancy? TIMELY SURRENDER Regardless of the reason...
Applying estoppel rules in drug patent

Applying estoppel, dedication rules in drug patent linkage dispute

By Liu Yuanxia and Zhang Bingnan, DOCVIT Law Firm
The Patent Law, which came into effect on 1 June 2021, is the first legal regulation in China to establish a “drug patent linkage system”. According to article 76 of the law, the People’s Court or the National Intellectual...
The National Green Hydrogen Mission has been approved by India’s Union Cabinet with the goal of developing a green hydrogen production capacity of 5 million metric tonnes and 125GW of renewable energy by 2030. The mission aims to reduce 50...
The Ministry of Corporate Affairs (MCA) has announced an extension for virtual annual general meetings (AGMs) until September 2023. This decision is aimed at providing relief for Indian companies in light of the ongoing pandemic. Initially, virtual AGMs were permitted...
The Indian Ministry of Electronics and Information Technology (MeitY) released draft amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021, for public consultation on 2 January 2023. The draft rules pertain to online gaming and...
India’s growth story can be linked to the massive fund mobilisation through alternative investment funds (AIFs). These privately pooled investment vehicles raised INR6.95 trillion (USD86.81 billion) from Indian and overseas investors up to mid-2022 since the launch of the...
China bankruptcy regime updates

Time for plan B?

Misunderstood by many, the bankruptcy regime in China requires urgent legislative and administrative upgrades to inject market logic into the economy. As Luna Jin reports, meaningful endeavours are being made to revitalise businesses Practitioner's Perspective Article Series >> Compared with developed...
To expedite the trading of securities by investors, the Securities and Exchange Board of India (SEBI) has stipulated a three working day (T+3) timeline for listing of debt securities issued on a private placement basis as against the previous...
Employees in the technology sector whose workspaces have been registered under the Special Economic Zone (SEZ) rules can continue to work from home until the end of 2023, according to a Department of Commerce notification to the IT and...
A December 2022 review by Commerce and Industries Minister Piyush Goyal has found the National Single Window System (NSWS) portal was gaining traction, and that 48,000 approvals were granted since its soft launch the previous year, in 2021. The portal,...

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