28 MAY 2020 Top 10 Headlines | APARNA SAI Singapore arbitration venue Maxwell Chambers has teamed up with Arbitration Place of Toronto and Ottawa and London’s International Dispute Resolution Centre (IDRC) to launch the International Arbitration Centre Alliance (IACA), a global hybrid physical and virtual hearings platform.
The collaboration was formed with the aim of reducing challenges faced with planning and conducting international arbitration hearings and ADR proceedings following the COVID-19 outbreak. Read More | | | | | | | | | | | | | | | | | | | | | | For more news, click here to visit the website |
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| For multinational businesses operating in Asia’s varied markets, local workforces are critical to their success. Businesses thus need to be aware of and comply with the relevant employment, regulatory and remuneration requirements that apply to the specific markets they are operating in, as failure to do so can have negative consequences. This need is especially acute as coronavirus sweeps across the region, forcing companies to make hard decisions Full Article |
| London-headquartered Ashurst has added financial regulations lawyer Evan Lam as a partner in Singapore from Big Four firm Allen & Gledhill, the former’s second lateral partner hire from the latter in as many months. Full Article |
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| Latham & Watkins has advised U.S. industrial gases provider Air Products on its agreement to build $2 billion methanol production facility in East Kalimantan along with Bakrie Capital Indonesia and Ithaca Resources, who were represented by Mishcon de Reya. Full Article |
| The ALB Singapore’s Top In-House Teams 2019 list showcases the achievements of the finest in-house legal teams in Singapore. Full Article |
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| Indian law firm Trilegal has boosted its corporate practice with the hire of Cryil Amarchand Mangaldas partners Shruti Rajan and Garima Joshi in Mumbai. Both specialise in financial regulation. Full Article |
| During the tremendous growth of the Chinese economy over the last decade, corporates in China were easily able to obtain loans from banks and other financial institutions that were equally keen to advance credit, leading to a rapid rise in debt levels. Whilst the government sought to curb corporate debt by, among other means, restricting informal borrowing (also known as ‘shadow banking’), the slowdown in the economy in the last year or so and more recently following the outbreak of the coronavirus have yet again led to renewed policies to allow more loans and local government bond issuance. China’s debt to GDP ratio remains high, and with that, so is the level of non-performing loans. Full Article |
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| Atlas Asia Law Corporation, the EY network’s Singapore member firm, has recruited Benjamin Szeto as director and head of its wealth management practice from RHTLawTaylor Wessing, where he was deputy head of that practice. Full Article |
| Given the importance of the water resources in Indonesia, the governments of Republic of Indonesia just recently issued Law No. 17 of 2019 on Water Resources (“Water Resource Law”) to reform the former water resources law. Previously, according to Law No. 7 of 2004 on Water Resources (which has been nullified by the Constitutional Court of the Republic of Indonesia), the individual or business entities were allowed to obtain the rights to exploit and/or utilize water, including for the purpose to provide the drinking water. The Water Resource Law, however, provides a stricter requirement as the rights of the private sector to exploit and/or utilize the water resource are tightly limited to certain conditions. Full Article |
| Allen & Gledhill on City Developments’ $700 MLN investment, JunHe on Jinko Power’s $341 MLN IPO, and much more in this week’s Asia Deals table. Full Article |
| Clifford Chance litigators join Gibson Dunn, V&T on hiring spree across China, and many more in this week’s Asia Appointments table. Full Article |
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