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India new electricity bill

New electricity bill likely to spark controversy

By Abhishek Tripathi and Shivika Agarwal, Sarthak Advocates & Solicitors
The government has introduced the Electricity (Amendment) Bill, 2022 (new bill) to amend the Electricity Act, 2003 (act). A similar attempt in 2020 (2020 bill) was shelved following the farmers’ protests. The new bill retains many features from its...
Xu Guojian, a managing partner at Boss & Young Attorneys at Law, has joined SGLA Law Firm as a senior partner along with his team. The firm also has appointed team members Yuan Ying as a senior partner, and Hu...
The Ministry of State for Environment, Forest & Climate Change has notified New Forest (Conservation) Rules, 2022, under the Forest (Conservation) Act, 1980, allowing for the diversion of forest land by private agencies without the need for prior consent...
Vaish Associates Advocates has seen the departure of four senior lawyers led by partner Satwinder Singh to launch a new firm named Aekom Legal in July. Associate partner NPS Chawla and three principal associates, Sujoy Datta, Kalpit Khandelwal and Lokesh...
Debevoise & Plimpton has strengthened its litigation practice with the hiring of former Hong Kong Securities and Futures Commission (SFC) counsel Samuel Fung, who served at the regulatory body for more than three years. In his new role, Fung will...
East & Concord Partners has opened a new branch in Guangzhou, aiming to co-operate with the Shenzhen office to hook business in the Greater Bay Area. The latest Five-Year Plan of Guangzhou authorities attempts to develop tech innovation, modern industry...
China Tourism Group Duty Free (CTG Duty Free), the world’s largest travel retailer, has raised HKD16.24 billion (USD2.07 billion) from its IPO on the HKEX on 25 August, replacing Tianqi Lithium as the city’s biggest listing so far this...
Businesses falling under the ambit of the goods and services tax (GST) with a turnover of INR100 million (USD1.2 million) are now required to generate e-invoices for their transactions starting 1 October 2022. The government lowered the e-invoice threshold...
The Reserve Bank of India (RBI) has announced an extensive mechanism to accelerate cross-border trade settlements in Indian rupees (INR) in a move to bolster trade in the Indian currency. To execute the plan, the central bank is pushing...
In a move that aligns with global climate risk mitigation, the Reserve Bank of India (RBI) has asked banks in the country to promote sustainable financial management and embed environmental, social and governance (ESG) policies across their lending portfolio....
The Reserve Bank of India (RBI) issued notifications covering a range of foreign investment options to increase foreign exchange inflows in response to a weakening rupee and a tightening of global financial conditions. Liberalisation of forex inflow will, according...
RBI on digital lending guidelines

RBI perhaps too suspicious of digital lending

By Sawant Singh and Aditya Bhargava, Phoenix Legal
Consistent with its customer-protection orientation, and its hawkish stance towards the fintech sector, the Reserve Bank of India (RBI) set up a working group in January 2021 to evaluate “digital lending including lending through online platforms and mobile apps”....
Supreme court allows GMR to run Nagpur International Airport

Court clears airport agreement for takeoff

By Shailendra Kumar Singh and Kartik Agarwal, HSA Advocates
In the recent case of MIHAN India Ltd v GMR Airports Ltd and Ors, the Supreme Court confirmed that no public body or authority may act in an arbitrary manner merely because it has the apparent right to do...
Determining ‘material changes in objective circumstances’ of a company, Xaio Jianji, Yin Songmao

Determining ‘material changes in objective circumstances’ of a company

By Xaio Jianji and Yin Songmao, ETR Law Firm
If a company is unable to continue an employment contract due to “material changes in objective circumstances”, is it legal to terminate an employee in the absence of fruitful negotiation? In this article, the author examines “objective circumstances” and...
Regulatory framework, trends of insurance investment in equity, Deng Weifang, Zhang Chu'ao

Regulatory framework, trends of insurance investment in equity

By Deng Weifang and Zhang Chu'ao, Merits & Tree Law Offices
Insurance capital generally refers to the capital, provident funds, undistributed profits, provisioning and other capital of insurance group (holding) companies and insurance companies denominated in domestic and foreign currencies. As a type of long-term capital, insurance capital’s large volume...
Liability for information disclosure by independent directors, Arrow Zhang

Liability for information disclosure by independent directors

By Arrow Zhang, Grandway Law Offices
Article 82 of the Securities Law (2019 Revision) stipulates that directors and senior executives of an issuer must give written confirmation opinions on the securities issuance documents and periodic reports; the board of supervisors of the issuer must examine...
india-japan cyber security

India, Japan build an enterprising cyber future

By Daksh Kumar, Kochhar & Co.
In June 2022, India and Japan held a high-level virtual cyber dialogue. The joint secretary of the Cyber Diplomacy Division of the Ministry of External Affairs led the India side, which included ministries such as home affairs, external affairs,...
India fake crypto apps

Fake digital currency apps virtually coining it

By Manisha Singh and Simran Bhullar, LexOrbis
The advent of digital currency trading has brought a new set of challenges. Fraudsters have begun to offer fake platforms and often use established, reliable digital currency trading platforms’ marks and logos to appear genuine. This can be extremely...
Rescinding termination agreement due to material misunderstanding, Xie Yang, Han Ying

Rescinding termination agreement due to material misunderstanding

By Xie Yang and Han Ying, Zhilin Law Firm
When the termination of an employment contract is negotiated between the employer and employee, the parties will usually sign a termination agreement. The agreement specifies the end date of the contract, wages, and benefits such as unpaid wages, economic...
IP-due-diligence-and-management-during-investment-L

IP due diligence and management during investment

By Wu Yixing, DOCVIT Law Firm
China’s former paramount leader, Deng Xiaoping, once remarked that “science and technology constitute a primary productive force”. His words ring even truer today, with S&T a critical driver in economic development, universally changing production, business and distribution models. Along with...
United Imaging Healthcare debuted with an  RMB11 billion (USD1.6 billion) IPO on 22 August, the biggest listing on the SSE’s Star Market and the third largest in China so far this year. Llinks Law Offices and Zhong Lun Law...
The National Company Law Appellate Tribunal (NCLAT) upheld an NCLT decision setting a precedent and paving the way for progress on the resolution of the Dunar Foods insolvency proceedings. JSA acted as the legal adviser to the lead creditor,...
A quartet of law firms assisted in social media app ShareChat’s multi-tranched series H fund, raising USD255 million, which pushed it beyond the USD5 billion valuation benchmark. Google, the Singapore government’s Temasek Holdings, and Indian media conglomerate Times Group along...
OYO (Oravel Stays) senior legal adviser Tejal Patil has joined Wipro as the general counsel and senior vice-president. She has nearly three decades of experience in legal, governance and compliance across the Asia-Pacific region. Patil will head the legal &...
e-doping on esportsvideo

E-doping needs e-laws to keep Esports clean

By Aahna Mehrotra and Rashi Tater, TMT Law Practice
While the electronic sports (Esports) industry has always been popular amongst the young, its global growth accelerated, dramatically, because of the covid-19 pandemic. This applied to all segments i.e., players, viewers and investors, fuelled by the passion, commitment and...
IP strategies: details determine success or failure, Frank Liu

IP strategies: details determine success or failure

By Frank Liu, Shanghai Pacific Legal
Once right owners understand the importance of intellectual property (IP) protection, they generally pay corresponding attention to their overall IP strategies. However, even after an IP protection strategy is understood and formulated, concrete implementation can still prove ineffective, or...
advertisements intellectual property rights protection

Sweet smell of success in protecting advertising IPRs

By Manisha Singh and Anirudh Arora, LexOrbis
With the spread of digital media and platforms, particularly across borders, advertising assumes even greater importance in acquiring reputation and goodwill. Jurisprudence and the application of intellectual property rights protection must correspondingly evolve to deal with this development. In...
Korea Outbound Investment Guide is a collaborative supplement, in association with the Korea In-house Counsel Association (KICA), which contains insights from expert lawyers in some of the most exciting economies around the Asia-Pacific and Africa, including India, Indonesia, Mozambique...
From rapid development of the education industry to growing popularity for wealth management, disputes are surging over the quality of teacher training or financial advice. Amid the inevitable consequences of any fast-developing society, contractual disputes are in tandem arising from...
A key feature of offshore arbitration is that the administrative fees of the arbitral institution are separate from the arbitral tribunal’s remuneration. Costs of arbitration by the Hong Kong International Arbitration Centre (HKIAC) are generally three-fold, comprising registration fees,...
India competition per se rule

Rules of engagement

There are two different rulebooks for dealing with anti-competitive behaviour around the world. Respected legal academic Souvik Chatterji analyses the differences from an India perspective and explains how one makes for quicker and more effective enforcement against infringers Competition agencies...
The claimant was a world-renowned industrial design software service provider, the first respondent was a domestic new energy vehicle manufacturer, and the second respondent a wholly-owned subsidiary of the first respondent. Amid bright prospects for China’s new energy market,...
Protecting business model-related inventions, Deng Yi

Protecting business model-related inventions

By Deng Yi, Sanyou Intellectual Property Agency
While the competitive edge of a creative business model is beyond doubt, protecting it as a patent is another matter entirely, requiring careful consideration of examination criteria. A business model is a plan for generating income based on business rules....
This year’s milestone activation of the Regional Comprehensive Economic Partnership (RCEP), creating the world’s largest free trade agreement between 15 Asia-Pacific nations from January 1, 2022, gives full play to enhancing economic growth and integration of the region. For perspective,...
The General Counsels’ Association of India (GCAI) signed an MoU with the Energy and Resources Institute (TERI) School of Advanced Studies, a New Delhi-based higher education institution specialising in sustainable development. “TERI is recognised globally for its contribution to scientific...
Local law students faced a tough task when they took on the role of a firm’s general counsel in the Singapore Corporate Counsel Association’s (SCCA) third annual in-house counsel competition, wrapping up with an awards ceremony on 30 July...
Khaitan & Co has roped in JSA partner Sahil Shah as counsel in the investment funds practice group and will be based in Mumbai. During his association with JSA which lasted nearly seven years, Shah joined the firm as...
video

Investment strategies in Mozambique for Korean investors

By Eduardo Calú, Samuel Levy, and Gisela Sitoe, Sal & Caldeira
Mozambique is earning attention from investors due to its abundant natural resources, including massive natural gas reserves, mineral deposits and potential for renewable energy. Many international players in the extractive industries, including TotalEnergies, Eni, ExxonMobil, Syrah Resources, Rio Tinto...

Partnering for future of foreign investment in the Philippines

By Divina Gracia Pedron, Andrea Alegre, and James Louie Cuevas, Cruz Marcelo & Tenefrancia
Amid challenges from the pandemic, the Philippines remains an attractive option for foreign investors due to its strategic location and world-class pool of talent. The sprawling nation of more than 7,100 islands ranks as one of Southeast Asia’s favoured...
Navigating commercial disputes in Indiavideo

Navigating commercial disputes in India

By Sumeet Kachwaha and Ankit Khushu, Kachwaha & Partners
No one likes the idea of having to dispute outside one’s known territories. However, when a corporation takes on a global footprint, it needs to anticipate being dragged into litigation in unfamiliar waters. In this briefing, the authors present a snapshot...
Baker & McKenzie (Gaikokuho Joint Enterprise), a Japanese member firm of Baker McKenzie, has hired former secretary general of the Japan Fair Trade Commission (JFTC) Shuichi Sugahisa as a senior consultant in the firm’s antitrust and competition group in...
To strengthen its litigation team and international arbitration practice, Reed Smith has hired Matthew Townsend as a partner in Hong Kong. Townsend joined from Fangda & Partners in Hong Kong where he was a counsel for almost seven years. Townsend...
International arbitration lawyer Terence Wong has joined Loeb & Loeb as a partner in the firm’s litigation department in Hong Kong. He was most recently a partner at Winston & Strawn in Hong Kong for almost five years. Focusing on...
Linklaters’ formal association firm in Indonesia, Widyawan & Partners, has hired dispute resolution and employment lawyer Narendra Adiyasa as a partner to lead the firm’s dispute resolution and employment and incentives practices in Jakarta. Adiyasa joined from Herbert Smith Freehills’...

Strategies for South Korean investment in India

By Suneeth Katarki, Saurav Kumar, and Swathi Sreenath, IndusLaw
South Korea and India have significantly strengthened their economic and geopolitical ties in the past decade. In 2009, the countries entered into a bilateral Comprehensive Economic Co-operation Agreement to propel trade and investment, protecting investors against unlawful appropriation of...
Establishing bank wealth management subsidiaries (BWMS) is an important means for commercial banks to strengthen risk isolation management and implement professional operation, and also an important measure to comply with the general trend of wealth management, effectively implementing requirements...
A recent Hong Kong judgment confirms that familiar legal principles of trusts and injunctions apply equally to cryptocurrency as a novel asset class. With such legal remedies for victims of cryptocurrency fraud, businesses may now more confidently rely on the...

Korea Outbound Investment Guide – Foreword

By Chae Jooyup, KICA
In the past few decades, South Korea’s economy has undergone a dramatic shift. One of the most digitalised and advanced nations, the country has been transformed into a technological powerhouse thanks to large conglomerates and government efforts to leverage...
Entry opportunities for investing in Vietnam’s energy market, Wang Jihong, Liu Ying

Entry opportunities for investing in Vietnam’s energy market

By Wang Jihong and Liu Ying, Zhong Lun Law Firm
Vietnam is a more active market for new energy investment in Southeast Asia. In recent years, the government of Vietnam has attached great importance to developing a green economy, encouraging enterprises to accelerate their green transformation and supporting the...
The reorganisation of the Asia-Pacific management structure at Pinsent Masons aims to further boost its energy and infrastructure business by tapping into the regional shift towards sustainable projects. The seven Asia-Pacific appointments in April underlined the firm’s focus on the...
Enforcement of foreign-related civil, commercial judgments: Part II

Enforcement of foreign-related civil, commercial judgments: Part II

By Zhang Yang and Liu Fang, Tiantai Law Firm
To recognise a foreign-related judicial judgment in China, parties to the case, or the foreign court, must submit documents to a Chinese court with jurisdiction, which follows a set of principles to make a decision As mentioned in part I...
Lexicon

Insider trading

INSIDER TRADING is a problem in most financial markets. Many jurisdictions have strict laws and enforcement measures against insider trading. This column discusses recent empirical research published by the author and Dr Zhang Yang of Wuhan University School of Law...
Bot model and legal risks to industrial project constructors

Bot model and legal risks to industrial project constructors

By Chen Zhuo and Wang Hao, Tian Yuan Law Firm
In industrial infrastructure projects using the bot model, disputes can be lengthy, expensive and complex. It is therefore imperative for constructors to manage their legal risks with extra prudence The BOT (build, operate, transfer) model has thrived in the construction...
Assessing inventiveness and ownership of AI-related inventionsvideo

Assessing inventiveness and ownership of AI-related inventions

By Shraddha Singh Chauhan, Anand and Anand
The 161st report of India’s parliamentary standing committee reviews the IP rights regime. Among various subjects, one of the subjects discussed in detail is artificial intelligence (AI) and IP rights. In paragraph 8.2, the report expresses a need for...
Kotak Investment Advisors partners with the Abu Dhabi Investment Authority (ADIA) raising USD590 million from the launch of its 12th real estate fund to invest in India’s office assets. DSK Legal acted as legal counsel for Kotak. The DSK Legal...
Saraf & Partners assisted the government’s divestment of a majority stake in Neelachal Ispat Nigam (NINL) in India’s first privatisation of a steel manufacturing public sector undertaking (PSU) company. The Department of Investment and Public Asset Management (DIPAM) divested its...
Establishing a charity in Hong Kong (Part II), Diane Fan

Establishing a charity in Hong Kong (Part II)

By Diane Fan, LC Lawyers
Setting up a charity in Hong Kong may sound an attractive proposition, but they are subject to more, not less, compliance requirements than ordinary companies. Part I of this series briefly summarised basic requirements and structures for such establishment. In...
Rights infringement risks facing we-media operators, Yin Jian

Rights infringement risks facing we-media operators

By Yin Jian, Tiantai Law Firm
In the mobile internet era of information overload, platforms established by individuals known as we-media, or self-media, have correspondingly expanded as forms of transmitting and sharing articles, videos and audio content. In this online world where “traffic is king”,...
Trustees’ responsibilities and litigation risk in trust product sales, Yao Xiaomin, Sun Yangyang

Trustees’ responsibilities and litigation risk in trust product sales

By Yao Xiaomin and Sun Yangyang, Lantai Partners
Affected by the economic cycle and many other factors, in 2021, the trust industry faced continual severe challenges. Failure to redeem trust products as scheduled led to investors suing trust companies for non-compliance with fiduciary duties. The sale of...
Pipeline network eligibility for securitising finance lease assets, Adam Chen, Daniel Hsu

Pipeline network eligibility for securitising finance lease assets

By Adam Chen and Daniel Hsu, AnJie & Broad Law Firm
As one of the most common types of underlying asset in asset securitisation, claims under a finance lease have long been at the forefront in terms of issuance scale and size. In practice, when local platform leasing companies select...
Global investor Coller Capital and South Korean private equity firm Hahn & Company have jointly led a USD1.5 billion transaction for South Korean cement company Ssangyong C&E. Gibson Dunn advised Hahn & Co, while Ropes & Gray advised Coller...
Philippines’ mobile leader Globe Telecom will sell 5,709 cellular towers for USD1.28 billion to two local  companies – Frontier Tower Associates Philippines (FTAP) and Miescor Infrastructure Development Corporation (MIDC). Herbert Smith Freehills (HSF) represented Globe Telecom, while Gibson Dunn...
Singapore-headquartered healthcare service provider Fullerton Healthcare has completed a merger led by Hong Kong-headquartered private equity firm RRJ Capital with an equity injection and a senior loan totalling SGD390 million (USD283 million). Latham & Watkins assisted Fullerton Healthcare, while...
Actis, a global investor in sustainable infrastructure, has acquired a shareholding in a 220MW combined cycle gas turbine power plant in the Bhola district, Bangladesh, from Indian conglomerate Shapoorji Pallonji Group. Clifford Chance advised Actis on the acquisition and refinancing,...
China data protection law Latest developments, Sharon Shi, Ben Jiavideo

Latest developments of data protection law in China

By Sharon Shi and Ben Jia, AllBright Law Offices
Since the ultimate goal of any business is to better serve its clients, collecting information from them is inevitable. However, clients’ information often contains sensitive personal information, so the collection, processing or sharing of such data require prior consent...
Significance of RCEP to foreign investment, M&A in China, Ni Xudong, Grace Lo

Significance of RCEP to foreign investment, M&A in China

By Ni Xudong and Grace Lo, East & Concord Partners
This year’s entry into force of the Regional Comprehensive Economic Partnership (RCEP) on 1 January 2022 creates the largest free trade agreement in history, embracing China, Japan, South Korea, Australia, New Zealand and 10 Asean member states. This historic free...
French retailer Carrefour Group has sold its 60% equity stake in PresiCarre Corporation, the operator of Carrefour Taiwan, to a local food and retail conglomerate Uni-President. Allen & Overy advised Uni-President, while Clifford Chance assisted Carrefour and its investment...

Riding out the storm

The world’s economies are facing one of their most difficult periods since the global financial crisis, and Asia is unlikely to escape the consequences. George W Russell asks legal experts how clients can mitigate the damage from global headwinds...
Clifford Chance hired white-collar expert Vasu Muthyala as a partner in its litigation and dispute resolution practice in Singapore. Matthew Newick, global head of litigation and dispute resolution at Clifford Chance in London, said, “We continue to see strong demand...
Swire Beverages Holdings, a subsidiary of Hong Kong-listed British conglomerate Swire Pacific, has acquired the Coca-Cola bottling operations in Vietnam and Cambodia owned by Coca-Cola (Japan) for USD1 billion. Slaughter and May advised Swire, while Rajah & Tann advised...
Thai law firm Kudun & Partners has opened a Japan practice with the hiring of partner Emi Rowse Igusa as the head. Igusa previously worked at Herbert Smith Freehills in Bangkok, Hong Kong and Japan as an of counsel...

ESOP fables

With new and burgeoning enterprises waging war over attracting and keeping talent, granting shares to their most formidable knights in exchange for loyalty is ever more popular. Putro Harnowo lends clarity to the myths and misconceptions As the startup ecosystem...
Role Associate, Commercial Disputes (3-6 PQE) - 16879/VTA Location Hong Kong, China Job Description This international commercial law firm is looking for an experienced Associate or Senior Associate-level to join their high calibre office in Hong Kong. You will be part of growing commercial...
From left: Anu Tiwari, Pallavi Rao

GIFT City showcases efforts to foster India’s fintech vision

By Anu Tiwari and Pallavi Rao, Cyril Amarchand Mangaldas
The fintech industry plays a pivotal role in India’s vision to become a global financial hub. With that goal in mind, the government and the International Financial Services Centres Authority (IFSCA) have been progressively introducing regulatory and policy reforms...
Peter Vas

Weighing new security in offshore refinancing and restructuring

By Peter Vas, Loeb Smith Attorneys
With local and global inflation at their highest in decades, rising interest rates, continuing supply chain woes and the effects of the Russia-Ukraine conflict being felt across Asia, many businesses that are established in the British Virgin Islands (BVI)...
Slaughter and May and JunHe have advised the UK chemical giant INEOS on a string of deals valued at USD7 billion with Sinopec, a Chinese state-owned oil and gas enterprise. The first agreement saw INEOS acquiring a 50% stake in...
SNG & Partners has promoted two key personnel, Sanjay Gupta to managing partner and Amit Aggarwal as senior partner, for their leadership and hard work a month after the establishment of a joint venture with R&P Partners. Gupta, formerly a...
Chip design software vendor Empyrean has raised RMB3.55 billion (USD522.95 million) through a listing on the ChiNext of the SZSE. King & Wood Mallesons, the legal adviser for Empyrean, was led by the managing partner of the Beijing office, Gong...
After moving from Hong Kong to lead the new Singapore office of McDermott Will & Emery as the managing partner and Asia-Pacific head last March, white-collar expert Yuet Ming Tham has returned to Sidley Austin as a partner and...
Five experts have boosted Ashurst’s international projects group in Japan and the M&A team at its formal law alliance in Singapore, ADTLaw. In Singapore, ADTLaw has hired an M&A specialist team from Allen & Gledhill led by Chiam Tao Koon...
Nazly Parlindungan Siregar AHP

Tax expert returns to AHP

Indonesian tax expert Nazly Parlindungan Siregar has returned to Assegaf Hamzah & Partners as a partner in the tax and customs practice group in Jakarta. Previously, she worked with the firm as an senior tax adviser in 2017-2018. Siregar, who...
A quartet of Chinese companies to list on the SIX Swiss Exchange in July signals the beginning of a wave of A-listed firms looking to trade global depository receipts (GDRs) in Switzerland. At least seven companies are awaiting approval for...

Overview of entry strategies for India market

By Ravi Singhania, Dipak Rao, and Gunjan Gupta, Singhania & Partners
India has become a favoured destination, not only for foreign investment but also for doing business, and enduring foreign exchange management laws freely permit investment in almost all sectors Various economic and regulatory reforms introduced by the government facilitate ease...
L&L Partners

The patriarch

As a managing partner who says he considers those in his firm as family, the departures of his senior partners and their teams have weighed heavily on Luthra and Luthra founder Rajiv Luthra. In an exclusive interview with Gautam...
Fangda Partners has recruited specialists to beef up its capabilities in the areas of capital markets and data protection. Jane Chen joined Fangda as a partner from Jia Yuan Law Offices. She focuses on capital markets, private financing, mergers and...
China Business Law Journal

Wheels keep turning

Having reached the midpoint of the year (at an almost uncanny pace), we habitually look back and then forward at both past achievements and future aspirations. Between the recurrent pandemic outbreaks, inflationary pressures and energy price fluctuations causing major...
Enforcement of foreign-related civil, commercial judgments: Part I

Enforcement of foreign-related civil, commercial judgments: Part I

By Zhang Yang and Liu Fang, Tiantai Law Firm
Having judgments of courts in foreign jurisdictions recognised and enforced in mainland China requires conformity to stringent legal conditions By October 2021, China had entered into bilateral judicial assistance agreements with 39 countries on civil and commercial matters, 38 of...
Role Tax & Private Wealth Lawyer (2-5 PQE) - 16877/VTA Location Singapore Job Description This international law firm is looking for a highly motivated tax and private wealth lawyer with 2-5 PQE to join their dynamic and growing team based in Singapore. You will...

Senior Lawyer, Asia

Role Senior Lawyer, Asia Location Indonesia, Philippines, Thailand, South Korea, Japan, Hong Kong Job Description Work at cutting edge of climate/energy law with leading global philanthropies; would suit a lawyer with energy/environment/human rights/corporate experience, remotely based in South, Southeast, or East Asia; local work...
A Tencent-backed Chinese drama series company, Linmon Media, has raised HKD420 million (USD53.5 million) from its IPO on the HKEX. Clifford Chance advised the issuer on Hong Kong and US laws, while CM Law Firm and Harneys advised on PRC...
Guantao Law Firm has set up an office in Qingdao to improve its northern coast legal services. In 2021, Qingdao's GDP had reached RMB1.4 trillion (USD207 billion), ranking the city as first in Shandong province and surpassing the provincial capital...
Hong Kong-listed Holly Futures raised RMB187 million (USD28 million) from its IPO on the Shenzhen Stock Exchange, becoming the first futures trading company to go public in both Hong Kong and mainland China bourses. The issuer turned to Jingtian &...
Grandall Law Firm has hired Sun Xiang and He Fu as Kunming-based partners, and Lin Feng as a partner in the Fuzhou office. Sun, who joined from City Development Law Firm and was a partner at DeHeng Law Offices, focuses...

Saudi Arabia engineering investment 101: type of business entity

By Wang Jihong and Tang Hongwei, Zhong Lun Law Firm
Saudi Arabia has for many years been China’s number one trading partner in Western Asia and Africa, as well as one of China’s most important contract engineering markets in the Arab world. But before investing in engineering projects in...
Saraf & Partners has opened a new 18,000 square foot office at One International Centre in Prabhadevi, one of the busiest and most prominent commercial hubs in Mumbai, to accommodate its growing workforce. Speaking on this significant expansion, founder and...
Establishing a charity in Hong Kong (Part I)

Establishing a charity in Hong Kong (Part I)

By Diane Fan, LC Lawyers
Demand for philanthropy planning has surged in recent years, especially since the pandemic’s harsh impact on society and livelihoods, with many enterprises, social organisations, religious groups and benevolent individuals seeking efficient, powerful, targeted ways to help socially vulnerable groups. This...
Thai Life Insurance has raised THB36.21 billion (USD1 billion) from its IPO, the largest on the Stock Exchange of Thailand this year. The insurer and two of its major shareholders sold a combined total of 2.32 billion shares at...
Role Associate, Corporate (3-6 PQE) - 16885/VTA Location Beijing, China Job Description Our client is a top-tier UK firm with a long presence in China and is now looking for a mid to senior-level associate to join an excellent corporate team in Beijing. Working...
Bright future

Bright future

China’s new Futures and Derivatives Law is set to push the country’s large but still developing market to align with international practice, with requirements on cross-border trade bringing in fresh compliance pressures. Luna Jin reports Unlike the history of futures...
Impact of draft stability law on insurance risk disposal

Impact of draft stability law on insurance risk disposal

By Yao Xiaomin and Cai Min, Lantai Partners
On 6 April, the People’s Bank of China published the Financial Stability Law (Draft for Comment). As insurance is an essential part of the financial sector, relevant provisions of the draft will apply to the insurance industry. In this...

Focus on ISO compliance guidelines for corporate compliance

By Deng Yong, DOCVIT Law Firm
The International Organisation for Standardisation (ISO) published the Compliance Management System Requirements and Guidelines for Use (ISO 37301) in April 2021. This was followed six months later by the China National Institute of Standardisation (CNIS) publishing the equivalent national...
Compliance of market players in infrastructure investment

Compliance of market players in infrastructure investment

By Liu Fei and Yan Gangbo, AllBright Law Offices
Market players have become increasingly engaged in infrastructural projects as the government gradually opens up investment in them. A variety of transaction modes for market players to participate in infrastructure investment can be divided into “standard modes” and “non-standard...
Haiwen & Partners has hired Edward Liu as a partner in the Hong Kong office, who was previously a partner at Hill Dickinson. Liu’s main area of practice is in commercial dispute resolution, including litigation, arbitration and mediation, especially those...
Tian Yuan Law Firm has opened an office in Nanjing, the group’s 12th, to provide legal services in areas such as capital markets and securities, corporate, mergers and acquisitions, finance and asset management, antitrust, and dispute resolution. Nanjing is a...
Globe-L

Trade route revival

A changing global geopolitical environment and China’s ambitious investment strategies are bringing resource-rich countries of Central Asia, the Middle East and North Africa closer to Beijing China’s rise as a global investor has had a massive impact on countries around...
Bridging ‘criminal non-prosecution’ and corporate compliance

Bridging ‘criminal non-prosecution’ and corporate compliance

By Jeffrey Quan and Wu Zhenyu, ETR Law Firm
In recent years, prosecutors have been testing out a so-called “criminal compliance non-prosecution” system in some corporate criminal investigations, where they opt not to make arrests or take court action, or they recommend a more lenient sentence, if the...
Key due diligence issues for gas M&A

Key due diligence issues for gas M&A

By Lucia Yang, East & Concord Partners
Gas enterprises can accelerate transformation through M&A, expanding their scale to quickly enter regional markets. This article discusses key points that distinguish legal due diligence issues of gas M&A projects from other industries. GAS BUSINESS LICENCE Article 15 of the Regulations...
Anti-monopoly regulations on resale price maintenance

Anti-monopoly regulations on resale price maintenance

By Ryan Fang and Simon Shi, Jingtian & Gongcheng
Resale price maintenance is a type of vertical restraint regulated by the Anti-Monopoly Law, which is set for revision with clarified guidance this year for the first time since it came into force in 2008. CURRENT LEGISLATION Based on article 14...
Main legal issues of equity family trusts

Main legal issues of equity family trusts

By Ouyang Fangfei, Merits & Tree Law Offices
The domestic family trust business is diversifying as it matures amid surging demand, favourable regulatory policies and comprehensive upgrading of services. But insurance trusts, fund-based family trusts and other standardised family trusts can no longer meet the demands of...
India Business Law Journal

Court in the act

Supreme Court gives teeth to copyright penalties The Supreme Court’s judgment in the recent matter of Knit Pro International v State of NCT of Delhi is likely to assuage the demands of Western nations that have been asking India to...
In June, the National People’s Congress 13th Standing Committee approved far-reaching amendments to the Anti-Monopoly Law (AML) that become effective from 1 August. Alongside the amendments, the State Administration for Market Regulation (SAMR) has issued for public comment proposed updates...
Following recent developments in the global covid-19 pandemic situation and based on the specific characteristics of the omicron variant, Chinese embassies and consulates have adjusted requirements for pre-travel testing and Health Declaration Code applications. The measures, which took effect from...
The Tianjin Intellectual Property Court recently tried a criminal case involving an employee’s infringement of his employer’s trade secrets. The judgment has drawn much attention in the Chinese media. The defendant, surnamed Zhao, worked in the sales department of a ...
Mainland China continues to ease entry requirements for foreign nationals. Foreign affairs offices in China announced that, effective 6 June 2022, they have lifted the PU Letter requirement for foreigners who work in China and their dependents. A PU...
Lowering risks of ‘back-to-back’ clauses in subcontracts, Tian Hongtao

Lowering risks of ‘back-to-back’ clauses in subcontracts

By Tian Hongtao, Zhilin Law Firm
In construction engineering, it is fairly common to find the “back-to-back” clause, under which the general contractor will pay a subcontractor only after receiving payment from the employer. In both litigation and arbitration, there have been many disputes focusing...

You’re hooked!

A new cyber scam is targeting top brands’ websites to sell fake dealerships and franchise offers. While the courts are helping by making such offences cognisable and non-bailable, brand owners must up the ante lest their valuable clients take...
ANM Global has promoted Anushree Rauta, head of its media and entertainment practice, to equity partnership at the firm. She joined the law firm in 2018 and has helped ANM Global to become one of the leading law firms...
NOIDA dues are not a financial debtvideo

NOIDA dues are not a financial debt

By Shreya Sircar and Sneha Sanyal, Bharucha & Partners
The Supreme Court in NOIDA v Anand Sonbhadra recently considered whether sums owed by real estate developers to New Okhla Industrial Development Authority (NOIDA) under long-term leases could be classified as financial debts and whether NOIDA would, therefore, be...
top foreign firms india

Bouncing back

As business and travel edge back to normal after the pandemic, which foreign law firms are leading the field with their India offerings? Vandana Chatlani finds out See earlier editions of this report F ollowing a swift recovery from the global pandemic,...
Granting employee stock options to promotersvideo

Granting employee stock options to promoters

By Vandana Pai and Gayatri Ramesh, Bharucha & Partners
Companies cannot grant employee stock options (ESOPs) to promoters under Indian law. This restriction is set out in rule 12 of the Companies (Issue of Share Capital and Debenture) Rules, 2014 (rules) and Regulation 2(1)(i) of the Securities and...

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