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Amit Kapur and Vivek Chandy are re-elected joint managing partners of JSA for another three-year term. The firm reconstituted its executive committee with Kapur, Dina Wadia, Rupinder Malik, Varghese Thomas and Chandy as the members. Malik and Thomas have replaced...
With the advent of the new fiscal year, several law firms announced their annual promotions as hard work is rewarded and the next generation of leaders is fostered. Here are highlights from some of India’s leading firms. Khaitan & Co...
Trilegal and the Federation of Indian Chambers of Commerce and Industry (FICCI) have tabled “ESG – Into the Mainstream” – a report detailing key issues that Indian industry faces if it is to meet environmental, social and governance requirements. The...
EU plan for regulating foreign subsidies distorts internal market

EU plan for regulating foreign subsidies distorts internal market

By Nancy Nan, AnJie Broad Law Firm
The EU is closely intertwined with the global economy and one of the largest trading zones in the world. A strong, open and competitive single market enables both EU and foreign companies to compete vigorously on a global scale....
Japan outbound investment back on track Masako Takahatavideo

Japan outbound investment back on track

By Masako Takahata, Japan In-house Lawyers Association (JILA)
The pandemic has pushed Japan from its reign as the world’s largest investor. As the global recovery rolls out, the country is ready to take back its position through various investments in the infrastructure sector and renewable energy projects. Global...
Legal updates for Japanese investors in the Philippines Shiela Esquivel Ciselie Marie Gamo-Sisayan Nilo Divina

Legal updates for Japanese investors in the Philippines

By Nilo Divina, Ciselie Marie Gamo-Sisayan, and Shiela Esquivel, DivinaLaw
The Philippines and Japan share a long history of economic partnership and co-operation. Japan ranks as a top strategic economic partner and is the Philippines’ top export market and second-biggest import supplier, as well as its second-largest source of...
Duties of a company’s ‘responsible person’ in Taiwan Lee Li-pu Chen Chiu-Hua Pan Yi-Chun

Duties of a company’s ‘responsible person’ in Taiwan

By Lee Li-pu, Chen Chiu-Hua, and Pan Yi-Chun, Formosan Brothers
Foreign companies establishing a subsidiary in Taiwan or becoming major shareholders of a Taiwanese company need to appoint personnel to serve on the management board. This article will introduce the responsibilities of two types of “responsible persons” – directors...
Investment strategies in Vietnam for foreign businesses Dang Anh

Investment strategies in Vietnam for foreign businesses

By Anh Dang, Vietnam International Law Firm (VILAF)
Vietnam has long been an attractive investment destination for foreign investors, thanks to its strategic location, socio-political stability and low-cost yet skilful labour force. Despite the difficulties posed by the pandemic, Vietnam has proved that it can effectively handle...
Practice and developments for investing in Taiwan Alex Jih-Ching Yeh Mark J Harty

Practice and developments for investing in Taiwan

By Alex Jih-Ching Yeh and Mark J Harty, LCS & Partners
Since 2019, the world has faced major challenges from the pandemic and increasing global conflict and competition among superpowers. However, Taiwan has enjoyed a new economic boom during this period, and new business opportunities are being pursued and explored...
IP protection in India for Japanese businesses Joginder Singh Rajeev Kumar

IP protection in India for Japanese businesses

By Joginder Singh and Rajeev Kumar, LexOrbis
India is the second-largest country in the world by population, the world’s largest democracy, and the largest English-speaking nation in the world. Its population is expected to rise from 1.211 billion to 1.522 billion during 2011-2036, an increase of...
Strategies for foreign companies investing in Bangladesh

Strategies for foreign companies investing in Bangladesh

By ABM Nasirud Doulah and Amina Khatoon, Doulah & Doulah in Dhaka
Bangladesh is an emerging economy in Asia that could maintain its steady GDP growth and a stable BB- credit rating as per S&P and Fitch in recent years. Its large labour force and big consumer market have made it...
Guide for Japanese investment in Thailand

Guide for Japanese investment in Thailand

By Nuanporn Wechsuwanarux, Susumu Hanawa, and Kornkitti Sivamoke, Chandler MHM
For the past five consecutive years, Japan has been the top investor in Thailand under the Foreign Business Operations Act, 1999 (FBOA). The Board of Investment (BoI) of Thailand, the governmental authority responsible for granting investment promotions, announced that...
Recent IP protection measures in Brazil

Recent IP protection measures in Brazil

By Rana Gosain, Daniel Law
Japan is a key strategic partner for Brazil in Asia. The official ties between the two countries can be traced back to the signing of the Treaty of Friendship, Commerce and Navigation in 1895. Today, enormous opportunities exist for co-operation...
New era of labour dispute cases in Taiwan

New era of labour dispute cases in Taiwan

By Samrong Hwang, Albert Kao and Pang-Heng Hung, Formosa Transnational
Taiwan is considered as having relatively better protection for employees than employers in terms of legal and practical settings. Taiwan’s Labour Standards Act has been amended 16 times in the past 10 years, and the amendments give more protection...
Strategic investment in India for Japanese investors

Strategic investment in India for Japanese investors

By Rishabh Shroff, Cyril Amarchand Mangaldas
India is the world’s sixth-largest economy and expected to continue growing in the next decade, with much of success and growth due to its appeal to foreign investors – attracted by the size of the opportunity, demographics, low-cost manufacturing...
Arbitration issues for foreign investors in Bangladesh

Arbitration issues for foreign investors in Bangladesh

By Sameer Sattar, Sattar&Co
Foreign direct investment (FDI) is a key driver of economic development of an emerging country like Bangladesh. There are several methods of injecting FDI into a country, but the most popular structure is either through cross-border joint ventures or...
Compliance challenges for foreign investment in the US

Compliance challenges for foreign investment in the US

By Jeffrey L Kessler, Eva W Cole and Heather P Lamberg, Winston Strawn
While the US remains a top destination for foreign investment, certain laws and regulations create challenges for foreigners seeking to conduct business there. Failure to comply with these laws and regulations can lead to civil and criminal penalties, substantial...
Hong Kong’s new bookbuilding, placing requirements

Hong Kong’s new bookbuilding, placing requirements

By Rossana Chu, LC Lawyers
The Securities and Futures Commission of Hong Kong (SFC) is introducing new rules on conduct expected of capital market transactions that take effect on 5 August 2022. The SFC requirements adopt key proposals from the consultation process for its Proposed...
Richard Grasby, an offshore private wealth expert, has joined Appleby as a partner to lead the Hong Kong office’s private client and trusts practice. Grasby’s practice is in private wealth, succession planning, trusts, family office and related matters. He is...
W&H welcomes ppp expert

W&H welcomes PPP expert

W&H Law Firm has added Duan Aiqun as a senior partner in its Beijing office. Duan, who was a senior partner at Kangda Law Firm earlier, focuses on finance and securities, and corporate M&A. He was involved in the expert...
JunHe hired Sophie Chen, a seasoned lawyer with over 25 years of practice, to strengthen its business in cross-border capital markets practice. Chen is qualified to practice law in mainland China, Hong Kong, and Australia, specialising in corporate M&A...
Akin Gump has added international arbitration specialist Ing Loong Yang as a partner in its Hong Kong office. Yang, who was a partner at Latham & Watkins in Hong Kong since 2013, has extensive international arbitration and complex commercial litigation...
Grandall Law Firm has forayed into Yinchuan with the merger of city firm Ningxia Xingye Law Firm. The Yinchuan firm, now renamed as Grandall Yinchuan Office, will be the 35th branch of the Beijing-based firm. With the new office along...
Lawyer-back-to-Shearman-L

Lawyer back to Shearman

Shearman & Sterling has re-hired Wanda Woo as a capital markets partner in Hong Kong. Previously, she was an associate at the firm in 2011 to 2018. She joined from Wilson Sonsini Goodrich & Rosati, where she was a...
Gibson Dunn & Crutcher has hired Grace Chong as of counsel to lead its global financial regulatory practice in Singapore. Chong joined from Simmons & Simmons, where she was of counsel in Singapore for more than two years. Chong’s practice...
White & Case has strengthened its global project development and finance practice with the hire of partner Joanne Emerson Taqi in Sydney. Taqi joined from Norton Rose Fulbright, where she was a partner for almost 11 years in Sydney. Taqi...
Skadden-green-bond-deal

Skadden green bond deal

Skadden advised JP Morgan, Crédit Agricole Corporate and Investment Bank, Daiwa Capital Markets Europe and Morgan Stanley as the underwriters in the USD500 million offering of 1.625% government-guaranteed bonds due 20 January 2027 by Japan Bank of International Co-operation,...
Norton Rose Fulbright has hired corporate lawyer Keith McGuire as a consultant in Singapore. McGuire was a partner at Pricewaterhouse Coopers Legal in Singapore for more than four years. Having more than 30 years of experience in cross-border M&A with...
Simmons-gets-new-HK-head-L

Simmons gets new HK head

Simmons & Simmons has appointed its partner in the financial markets group, Eva Chan, as the new head of Hong Kong office, effective from 1 January 2022. Chan succeeded Fiona Loughrey, who had been the head of office for...
Hong Kong firm Karas, in association with Mishcon de Reya, has hired dispute resolution lawyer Kevin So as partner. He joined with his team from Hong Kong firm Howse Williams, where So was a partner for more than two...
HK digital bank first

HK digital bank first

Mayer Brown represented Hong Kong-listed alternative investment financial services firm Sun Hung Kai in its USD90 million series B investment in Sygnum Bank, the world’s first digital asset bank with a Swiss banking licence and a Singapore asset management...
Baker-in-Thai-power-buy-L

Baker in Thai power buy

Baker McKenzie has advised Univenture BGP, a joint venture between Thailand’s real estate company Univentures and energy developer B.Grimm Power, on its THB11.33 billion (USD351.5 million) acquisition of power plant operator Eastern Cogeneration Company (E-Cogen). Baker’s team in Bangkok advised...
Nishimura & Asahi has hired Tetsuo Kabe, former commissioner of the National Tax Agency and top government finance official, as of counsel in Tokyo. Previously, Kabe held various positions in the government, including counsellor of the Embassy of Japan...
Sidley advises KKR tech

Sidley advises KKR tech

Sidley Austin represented global investment firm KKR as lead investor in the USD180 million series F financing round of Livspace, a home interior and renovation platform serving homeowners in India, Malaysia and Singapore. Sidley Austin also represented KKR in its...
Offshore law firm Mourant has appointed litigation lawyer Michael Popkin as a partner in its Hong Kong office. He was most recently counsel at another offshore law firm, Campbells, in Hong Kong for more than four years. Popkin has 25...
Dentons advised Victoria’s Secret & Co, the retailer and owner of Victoria’s Secret and Pink stores, on a joint venture with a Hong Kong-listed lingerie manufacturer, Regina Miracle International (Holdings). Valued at USD100 million, the joint venture will operate all...
Toshiba-sells-energy-arm-L

Toshiba sells energy arm

Simmons & Simmons advised Toshiba Energy Systems & Solutions Corporation, a 100% subsidiary of Toshiba Corporation, on the sale of the entire stake of Toshiba Transmission & Distribution Europe (TTDE) to a listed private equity holding company headquartered in...
Singapore law firm PDLegal has hired Cathryn Neo as partner in its international arbitration and China practices. She joined from Ashurst ADTLaw, Ashurst’s formal law alliance in Singapore, where she was a senior associate for a year. Neo is an accredited mediator with...
Ferretti, an Italian luxury yacht builder controlled by state-owned Weichai Holding Group, raised HKD1.91 billion (USD244 million) from a Hong Kong IPO in the first listing by a European business on the city bourse in a decade. The 83.5 million...
Recbio Technology, a Jiangsu-based innovative vaccine maker, raised HKD765 million (USD97.7 million) from its IPO on the main board of HKEX. The Temasek and Sequoia-backed company issued 30.85 million shares at HKD24.80 each in the chapter 18A listing. Founded in...
Global Law Office advised integrated circuit manufacturer Vergiga Semiconductor on Series B financing, led by global semiconductor giant Intel. Vergiga Semiconductor is one of the few domestic companies that successfully develop discrete power devices on 12-inch wafers. The company had...
Conch Environment Protection, a spin-off from Hong Kong-listed Conch Venture, completed listing by way of introduction on the Hong Kong Stock Exchange. The listing was implemented through a “distribution as is” of all company shares to all shareholders of...
Role Compliance Manager - 16806/VTA Location Beijing/Shanghai, China Job Description Our client, a top-tier UK law firm, has an exciting opportunity for an experienced Compliance Manager. This role will be responsible for supporting the development and delivery of the Chinese compliance function and a...
Role Capital Markets PSL, APAC (5+ PQE) - 16805/VTA Location Hong Kong, China Job Description A top-tier UK law firm is keen to hire a Professional Support Lawyer for its market-leading Asia Pacific-focused capital markets team in Hong Kong. This opportunity would suit an...
New-Horizons

New horizons

By George W Russell
As Asia-Pacific companies increasingly look abroad for fresh opportunities, law firms are expanding their footprints in response. George W Russell discovers that the region’s legal businesses are crossing borders through a range of strategies, from direct ownership to network...
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance India Philippines Thailand INDIA The onset of the pandemic has caused an unpredicted increase in the demand among consumers for digital banking,...
A comparison of digital banking regulations: Indiavideo

A comparison of digital banking regulations: India

By Manisha Singh and Nisha Sharma, LexOrbis
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance Main Philippines Thailand The onset of the pandemic has caused an unpredicted increase in the demand among consumers for digital banking,...
A comparison of digital banking regulations: Philippines

A comparison of digital banking regulations: Philippines

By Mark S Gorriceta, Micaela Kristina V Galvez, and Liane Stella R Candelario, Gorriceta Africa Cauton & Saavedra
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance Main India Thailand The state of Philippine digital banking made significant headway after the publication by the central bank of the...
A comparison of digital banking regulations: Thailandvideo

A comparison of digital banking regulations: Thailand

By Troy Schooneman, Kongkoch Yongsavasdikul, and Koraphot Jirachocksubsin, Kudun and Partners
As technology revolutionises the banking sector, brick-and-mortar retail is increasingly becoming obsolete as regulators jump to set new standards for inclusive finance  Main India Philippines Thailand’s digital banking system is in the midst of a major and multi-faceted transformation. The policy decisions recently...
Corporate flexibility and ease of navigation can explain the increasing popularity of the British Virgin Islands among Asian fund managers, virtual asset businesses and special purpose acquisition companies BVI still at forefront of cross-border business Challenges, opportunities with virtual...
Watson Farley & Williams (WFW) hired assets and structured finance lawyer Jonathan Silver as a partner in Hong Kong. Silver joined from Maples Group, where he was a partner. He was previously with Norton Rose Fulbright and Howse Williams. Silver...
Transfer by agreement in share repurchase of state-owned assets

Transfer by agreement in share repurchase of state-owned assets

By Chen Zhuo and Zheng Yeye, Tian Yuan Law Firm
Equity repurchase is a common arrangement in state-owned asset investment, but some believe a forced repurchase triggered by a default of the repurchase party is akin to an equity transfer by agreement, which may contravene regulations In an equity investment...
Han Kun Law Offices has appointed Zhao Pei and Aaron Gu as partners in Beijing and Shanghai, respectively. Zhao joined from DaHui Lawyers, where she was a partner. Prior to that, she was with Shearman & Sterling in Hong...
Wanda Woo has rejoined Shearman & Sterling as a partner in Hong Kong. She had been an associate with the firm for seven years since 2011. Woo joined from Wilson Sonsini in Hong Kong, where she was a partner. Prior...
Ogier has opened a new representative office in Beijing, becoming the first offshore law firm with a physical presence in the city. The February opening follows the firm’s addition of its Singapore office in August 2021 to further strengthen Ogier’s...
Deal highlights - February 2022

Deal highlights

LISTINGS Huitongda Network, a fast-growing sinking market retail industry transaction and service platform, raised HKD2.1 billion (USD268.5 million) from its IPO on the main board of HKEx. The joint sponsors on the deal were CICC, Citi and China Renaissance. Clifford...
Mourant has appointed Michael Popkin as a partner in its Hong Kong litigation team. Popkin joined from Campbells, where he was a counsel in Hong Kong. Earlier, he was with the Australian law firm Allens in Sydney. Popkin has 25...
Agents ad litem

Agents ad litem

This column explores the concept of an agent ad litem as it is recognised and applied in mainland China and common law jurisdictions. The concept has a limited scope in common law jurisdictions compared with mainland China, where it...
HKEx has chosen Wong Li-Chien as managing director and co-head of IPO vetting, working in partnership with Stephanie Lau to oversee all issuer listing applications.   Wong joined from Kirkland & Ellis, where she had been a partner in Hong Kong...
JunHe has added two partners, Liu Zhengdong and Li Chenghao, and two counsel, Liu Xin and Wu Ling, to its Shanghai office, and one private equity counsel, David Wang, to its Hong Kong office. The four lawyers in Shanghai joined...

Hastening technology for Philippine smart cities

By Aris L. Gulapa, Charmaine Rose K. Haw-Lim, and Maria Isabelle J. Poblete, Gulapa Law
Information and communication technology (ICT) played a central role in the provision of government services in the Philippines during the pandemic. Government agencies worked to develop software that would enable them to fulfil their mandates through computers or smartphone...
Guide-to-BVI-closed-ended-investment-funds

Guide to BVI closed-ended investment funds

By Andrew Wood, Maples Group
Corporate flexibility and ease of navigation can explain the increasing popularity of the British Virgin Islands among Asian fund managers, virtual asset businesses and special purpose acquisition companies BVI still at forefront of cross-border business Challenges, opportunities with virtual...
The development of SPAC IPOs

The development of SPAC IPOs

By Rachael Pape and Christopher Smith, Conyers
Corporate flexibility and ease of navigation can explain the increasing popularity of the British Virgin Islands among Asian fund managers, virtual asset businesses and special purpose acquisition companies BVI still at forefront of cross-border business Challenges, opportunities with virtual...
The Chinese legal market opened 2022 with an acceleration of firm mergers as two Beijing-based general practice firms, Han Kun Law Offices and DOCVIT Law Firm, absorbing a total of three boutique firms specialising in commercial litigation, finance and...
課題、BVIの仮想資産規制の機会

Challenges, opportunities with virtual asset regulation in BVI

By Michael Padarin and Daniel Moore, Carey Olsen
Corporate flexibility and ease of navigation can explain the increasing popularity of the British Virgin Islands among Asian fund managers, virtual asset businesses and special purpose acquisition companies BVI still at forefront of cross-border business The development of SPAC...

BVI still at forefront of cross-border business

By Elise Donovan, BVI Finance
Corporate flexibility and ease of navigation can explain the increasing popularity of the British Virgin Islands among Asian fund managers, virtual asset businesses and special purpose acquisition companies

Constant calibration

Top corporate legal minds explain how they are assessing and adjusting their annual development strategies in these uncertain times DESPITE CONTINUING BODYBLOWS to the market due to geopolitical events and an international public health crisis, Chinese companies have in the past...
Company A (the claimant in the arbitration) is a Chinese domestic traditional thermal power generation enterprise, while company B (the respondent in the arbitration) is a large power generation equipment manufacturing enterprise with experience in overseas projects. In July...
China-UK ESG compliance regulation comparison

China-UK ESG compliance regulation comparison

By Gary Yang, Dentons China
Environmental, social and corporate governance (ESG) has become a key priority of corporate concerns globally, affecting every market and business model. Benchmarked by increasingly diverse and stringent regulations, ESG brings not only opportunities but also risks to companies. Although the...
Compliance analysis of NFT projects under Chinese law

Compliance analysis of NFT projects under Chinese

By Tony Wang, Tian Yuan Law Firm
Although China has not promulgated laws on non-fungible tokens (NFTs), the author believes that they are virtual goods or virtual properties under Chinese law; so in the absence of further clear legal provisions, legally acquired NFTs are currently protected...

Planned revisions to law for OPCs limited by shares

By Dong Yun, Joint-Win Partners
In proposed amendments to the Company Law now under review by the Standing Committee of the National People’s Congress, key provisions intend to formally establish the legal status of one-person companies (OPCs) limited by shares. Since the Liechtenstein Persons and...
Filing under new cybersecurity review measures

Filing under new cybersecurity review measures

By Cai Kemeng and Kevin Duan, Han Kun Law Offices
New compliance challenges for online platform operators are posed by the Measures for Cybersecurity Reviews, jointly issued by the Cyberspace Administration of China (CAC) and 12 other ministerial-level authorities on 4 January 2022. SCOPE OF SUBJECTS The key targets of cybersecurity...
Cross-border transactions of Chinese companies, while accounting for only about 3% of the world’s cross-border transactions, have attracted global attention amid the increasingly complex international political situation, the pandemic’s impact on the economy and strategic adjustments of various countries...
The idea for a decentralised autonomous organisation, where the rules are baked into its code with no management structure or board of directors, has emerged with the rise of blockchain technology. Andrew Godwin examines its legal status and the...
On 9 February 2022, the Ministry of Finance (MOF) and State Taxation Administration (STA) jointly issued bulletin No. 6, which allows relevant enterprises and individuals in the venture capital business to benefit from the preferential tax policies under Cai...
In December 2021, the Ministry of Justice issued a notice on the publication of the National Plan for the Development of the Public Legal Service System (2021-2025), in which article 36 of chapter 12, “Promoting the standardisation of legal...
DAOism: a new kind of faith

DAOism: a new kind of faith

By Andrew Godwin
The idea for a decentralised autonomous organisation, where the rules are baked into its code with no management structure or board of directors, has emerged with the rise of blockchain technology. Andrew Godwin examines its legal status and the...
Taxation, legality of cryptocurrency in India

Taxation, legality of cryptocurrency in India

By Abhishek Malhotra and Bagmisikha Puhan, TMT Law Practice
Much has transpired since the authors’ last piece on the ubiquity and viability of crypto-based transactions in India (Asia Business Law Journal, November-December 2021 issue: Cryptocurrencies in India: fad or future?). The conversation around cryptocurrencies in India has now...
The Reserve Bank of India (RBI) issued a circular to raise the investment limit for foreign portfolio investors (FPIs) under the voluntary retention route (VRR) to INR2.5 trillion (USD32.93 billion). The earlier limit was INR1.5 trillion, and the increase...
The Department of Telecommunications (DoT) in February issued guidelines for the registration of machine-to-machine (M2M) service providers and WPAN/WLAN (wireless personal area network/ wireless local area network) connectivity providers offering M2M services. The guidelines were issued to address concerns like...
Following an extensive nomination process, Asia Business Law Journal reveals the A-List of Taiwan's legal profession. Lim Miran and Nguyen Yen report Access the A-List: TAIWAN 2022 While the pandemic plunges the global economy into deep contraction, Taiwan’s economy is an...
Regulations to implement changes to Factoring Act

Regulations to implement changes to Factoring Act

By Sawant Singh and Aditya Bhargava, Phoenix Legal
Factoring is considered an important source of short-term and working capital financing for micro, small and medium enterprises. It enables them to obtain upfront credit for invoices raised, without over-leveraging balance sheets. Factoring is also favourably regarded by financial...
The Securities and Exchange Board of India (SEBI) has proposed amendments to the valuation methods adopted by new-age technology companies, such as introducing key performance indicators (KPI) besides existing disclosures in an IPO prospectus. The markets regulator has issued a...
地上建筑物抵押-有点不太稳定?

Superstructure mortgages – A bit wobbly?

By Amaresh Kumar Singh and Dipti Lavya Swain, HSA Advocates
The concept of mortgage, as set out in the Transfer of Property Act, 1882 (TPA), and related laws, involves the mortgagor fettering its interest in immovable property in favour of the mortgagee or the lender, to secure the mortgagor’s...
The International Financial Services Centres Authority (IFSCA), which regulates Gift City, India’s first international financial services centre (IFSC), plans to introduce single registration for all fund management activities and provide a green channel for non-retail schemes. The regulator has proposed...
IBBI chooses new chair

IBBI chooses new chair

Ravi Mittal has been appointed chairperson of the Insolvency and Bankruptcy Board of India (IBBI). Mittal was previously the secretary at the Ministry of Sports. His predecessor, MS Sahoo, retired after he completed his five-year term on 30 September...
Surabhi Agarwal, the founder of litigation firm Parikh & Parikh Agarwal in Gurugram, has launched Global General Counsel to provide general counsel services to mid-sized companies. With more than two decades of experience in the legal profession, Agarwal was previously...
Trilegal has announced the signing of the UN Women’s Empowerment Principles (WEPs) as part of the firm’s commitment to advancing gender equality in the workplace and community. This includes empowering the firm’s women by providing equal opportunities in leadership...
Soura Subha Ghosh has joined IndusLaw at the firm’s Mumbai office in its dispute resolution practice. With more than 15 years of experience, his practice includes commercial civil litigation, dispute resolution, arbitration, mediation and conciliation. Ghosh joins from Hariani &...
Shivani Sanghi has joined European law firm Fieldfisher in London as a partner in its international arbitration and commercial litigation team and as head of its India practice. She will lead Fieldfisher’s India arbitration practice and is dual-qualified as a...
The team at real estate law firm ASLF Law Offices has left to join IndusLaw. This comprises partners R Sunitha, KN Geetha and G Vivekanand, 38 associates and 22 support staff from the firm’s Bengaluru and Chennai offices. “With this...
BETWEEN-ROCKS-AND-HARD-PLACES-L2

Between rocks & hard places

By Pan Cong, SHAREit Group
In the face of data requests from law enforcement agencies, conflicting legal requirements from home country and foreign jurisdictions are putting multinational tech companies in an unprecedented dilemma. How should they respond? Pan Cong, General counsel of SHAREit Group...
Outside the box

Outside the box

As general counsel in the west demand greater diversity and inclusion from their legal advisers, law firms in Asia must step up to the plate. But just how committed is the region’s legal profession to delivering such change? Vandana...
온라인 범죄행위 근절에 은행도 나서야

Court requires banks to join fight against scammers

By Manisha Singh and Simran Bhullar, LexOrbis
More cases of online scamming, phishing and fraud have come to light in the recent past. In January 2022, the Delhi High Court granted an interim order in the case of Kajaria Ceramics Limited v Godaddy.com LLC & Ors,...
법률회사의 다양성과 포용성

Diversity and inclusion in Indian law firms

By Aprajita Nigam and Manisha Singh, LexOrbis
The expression “unity in diversity” is often used to describe the plural society of India, a country that can take pride in being a melting pot of religions, castes, communities, tribes and languages, with an intrinsic sense of togetherness...
Humans still required in private equity

Humans still required in private equity

By Vandana Pai and Shreya Sreesankar, Bharucha & Partners
The evolution of the global economy has been largely driven by the disrupters that have revolutionised the way people work and live. Digitisation and artificial intelligence (AI) have been hailed as triggering the fourth industrial revolution. Private equity (PE),...
FSSAI notification gives major boost to hemp industry

FSSAI notification gives major boost to hemp industry

By Essenese Obhan and Charul Yadav, Obhan & Associates
With a socio-economic history going back 50,000 years, hemp is one of the oldest cultivated plants in the world. But for most of the 20th century, commercial hemp production was heavily restricted. This is slowly changing, with countries opening...
Ashish Mehta, the founder of Ethos Legal Alliance, was appointed senior panel counsel by the Ministry of Law and Justice. He will argue matters on behalf of the government before the principal bench of the Bombay High Court. “The new...
Saraf hires HSA partner

Saraf hires HSA partner

Alok Shankar, a partner at HSA Advocates, has joined Saraf & Partners, which has been on a hiring spree. Shankar will work in New Delhi in the firm’s projects, regulatory and litigation practice. Shankar has 14 years of experience...
Trilegal advised Ola Cabs when the National Company Law Appellate Tribunal on 7 January dismissed appeals filed by rival cab companies Meru Travels and Fast Track. The appeals pertained to a 2017 order of the Competition Commission of India that...
Stratage Law Partners advised PT Invent India, which operates as beauty e-commerce company Soulflower, when it raised an undisclosed amount from Wipro Enterprises. IC Universal Legal advised Wipro, which made the investment through subsidiary Wipro Consumer Care & Lighting’s venture...
JSA advised a consortium of 12 lenders led by the State Bank of India that provided a INR189 billion (USD2.5 billion) secured rupee term loan facility to Numaligarh Refinery, a subsidiary of Oil India. The deal was signed on 30...
Dilemma of a nominee director sharing confidential information

Dilemma of a nominee director sharing confidential information

By Bharat Vasani, Cyril Amarchand Mangaldas
Company law states that directors must fulfil their fiduciary duty and act in the company’s best interests. However, it may be challenging for a nominee director (nominee), who has also to consider the interests of their nominator that may...

CCI now cracking down hard on cartels

By Raj Chakrabarti and Parth Mehta, Kochhar & Co.
The recent order of the Competition Commission of India (CCI) penalising a cartel has put the focus on implementing a robust competition compliance policy. The CCI held that four Japanese shipping companies, Nippon Yusen Kabushiki Kaisha (NYK Line), Kawasaki...
Possible happy ending for controversial cinema bill

Possible happy ending for controversial cinema bill

By Manisha Singh and Aarushi Mishra, LexOrbis
The Cinematograph Act, 1952 (act), was introduced to certify cinematograph films for exhibition and to regulate such exhibition. However, the legislation is long overdue for an overhaul. To have a law that acknowledges new and emerging technologies and to...
Collateral-Damage

Collateral damage

By George W Russell
As Russia’s invasion of Ukraine continues, India may find itself sucked into the maelstrom of an international legal community backlash against Russian businesses and transactions. And for India, there is much to lose. George W Russell explores the ramifications. While...
Future Legal Leaders 2024 Future Legal Leaders 2023 Future Legal Leaders 2021 India Business Law Journal identifies 50 promising lawyers who are poised for greater success Access The List In a time when demonstrating strong leadership potential is a quality essential...
Role Counsel/Senior Counsel (Administrative Law Unit) Location Washington DC, USA Job Description The Legal Department of the International Monetary Fund (IMF) is seeking qualified lawyers to fill a Counsel/Senior Counsel position in its division (i.e., the Country Unit) in charge of applying the law...

Overview of CSR regime: Now spend or deposit

By Arvind Sharma and Manan Kapoor, Shardul Amarchand Mangaldas & Co.
Since the introduction of the Companies Act, 2013 (act), and the Companies (Corporate Social Responsibility Policy) Rules, 2014, there have been significant changes in the legal framework for corporate social responsibility (CSR) . From a “comply-or-explain” regime, we have...
CCI’s penalty orders need guidance, consistency

CCI’s penalty orders need guidance, consistency

By Karan S Chandhiok, Chandhiok & Mahajan
The Competition Act, 2002 (act), gives wide discretion to the Competition Commission of India (CCI) to penalise enterprises and individuals for engaging in anti-competitive practices. Under section 27(b), the CCI can impose a penalty of up to 10% of...
CFAs-add-to-Singapore’s-legal-hub-status

CFAs add to Singapore’s legal hub status

By Vikram Nair and Avinash Pradhan, Rajah & Tann
In January 2022, Singapore passed legislation that allows its lawyers to enter into conditional fee arrangements (CFA) in arbitration proceedings, as well as in certain proceedings before the Singapore International Commercial Court (SICC). This transformative move is part of...
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Tightened norms for financial institutions

By Sawant Singh and Aditya Bhargava, Phoenix Legal
The Reserve Bank of India (RBI) has been gradually aligning the regulations applicable to banks and non-banking financial companies (NBFCs). Apart from implicitly recognising that NBFCs are fast narrowing the gap with banks in their systemic importance in credit...
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Power markets may finally spark into life

By Abhishek Tripathi and Shivika Agarwal, Sarthak Advocates & Solicitors
The Central Electricity Regulatory Commission (commission) in its continuing efforts to create a robust power market has introduced the Central Electricity Regulatory Commission (Power Market) Regulations, 2021 (PMR), replacing the 2010 regulations. A large number of transactions in the electricity...
The grant by courts of a permanent injunction and exemplary damages against an intellectual property (IP) infringer is meant to be a deterrent against future infringement. The principles for obtaining injunctions have been clearly laid out by the Supreme Court....
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The future of digital asset taxes in Thailand

By Palawi Bunnag, Laeard Ketwat and Pipat Pipatpajong, ILCT
Digital assets have become rapidly popular among Thai investors in the past few years as their value tends to rise dramatically higher than other traditional assets, yet with higher risks. According to the Emergency Decree on Digital Asset Businesses,...
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Strategies for post-pandemic recovery in Thailand

By Saravut Krailadsiri, Somboon Sangrungjang and Pariyapol Kamolsilp, Kudun and Partners
The pandemic has impacted almost all sectors of the economy since it first emerged in 2020. Many businesses across the world have experienced supply chain disruption and input shortages, decreased demand for their products and services, and government-mandated closures...

CCI theoretical analysis of vertical agreements not practical

By Avinash Amarnath and Tarun Donadi, Chandhiok & Mahajan
Anti-competitive agreements are dealt with under section 3 of the Competition Act, 2002 (act). Section 3(4) prohibits vertical agreements between enterprises or persons at different levels of the production and supply chains that cause or are likely to cause...
Subsidies may spark interest in EV batteries

Subsidies may spark interest in EV batteries

By Dipti Lavya Swain and Mishthi Seth, HSA Advocates
The Ministry of Road Transport and Highways (MoRTH) is now allowing the sale and registration of electric vehicles (EV) without integral batteries. This benefits original equipment manufacturers (OEM), energy service providers and other stakeholders. This decision aligns with India’s...
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Mexico ‒ a vanishing independent electricity market?

By Wang Jihong and Zhao Huiqi, Zhong Lun Law Firm
In a bid to comprehensively reform Mexico’s energy and mining sectors, President Andrés Manuel López Obrador, in his capacity as head of the executive branch of the government, has submitted to the Mexican Chamber of Deputies (Cámara de Diputados)...

Giving credit greater access to data

By Shilpa Mankar Ahluwalia and Akshita Agrawal, Shardul Amarchand Mangaldas & Co.
Digital lending in India has grown exponentially over the past 24 months powered by lending partnerships between fintech platforms and regulated lenders. A key driver has been non-traditional credit analytics that rely on alternative data sets. In addition to...

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