COVER STORY: ALB TRAILBLAZERS While law firms may have once courted a traditional, somewhat conventional image — today, innovation and adaptation is the name of the game. For ALB’s new Trailblazers 2020 rankings, we highlight the originality, leadership, impact and cutting-edge diversity and inclusion initiatives that set certain firms apart. To take part, please email rowena.muniz@tr.com for a submission form. | MANAGING PARTNER ROUNDTABLE: THE PHILIPPINES Weighed down by the impact of a local volcanic eruption and the coronavirus pandemic, the Philippine economy is expected to contract this year, the country's first annual GDP decline since the Asian financial crisis. Law firms in the Philippines are looking to adapt to this situation by focusing more on in-demand practices like employment and insolvency/restructuring. We speak to law firm leaders about their strategies to get through this year, and how they are planning for 2021, when business rebounds. | FEATURE: OFFSHORE COVID-19 has impacted business globally, and offshore law firms have been feeling the impact as well. We speak to them about the trends they are seeing, the impact the pandemic is having on their clients as well as themselves, and the silver linings they see in this difficult period. | REPORT: INDONESIA For the past few months, the Indonesian government has been preparing a new law that will regulate several provisions in various industry sectors in one law, with a view to strengthening the Indonesian economy, increasing competitiveness and creating jobs. This is the first time that the government has initiated this type of law, known as an omnibus law. We talk to lawyers about the progress so far, and the potential impact once the law is passed. | FEATURE: DISPUTES As a result of the coronavirus pandemic, courts and arbitral institutions across Asia-Pacific are hosting virtual hearings. We speak to lawyers and arbitration centres about these initiatives, as well as the experiences so far. | REPORT: MALAYSIA A survey from the Bar Council of Malaysia titled “The Effects of the Movement Control Order (MCO) on Law Firm Owners of the Malaysian Bar” has found that the pandemic has had a severe impact on the country’s legal industry, with 8 percent contemplating ceasing practice altogether, and nearly a third expecting to incur losses of between 100,000 and 500,000 ringgit ($23,000 to $115,000) between March and September 2020, while 29.5% of respondents. We speak to firms about how they are attempting to | REPORT: UAE The United Arab Emirates recently confirmed its updated Positive List of 122 economic sectors and activities in which 100 percent foreign ownership is permissible. The implementation of the Positive List is expected to encourage diversification in the economy, promote further inward investment and create jobs. We speak to lawyers in the country about its potential impact. |
| | | ALB July 2020 Editorial Preview BOOKING DEADLINE: 19 June
MATERIAL DEADLINE: 26 June |
COVER STORY: SINGAPORE’S BEST IN-HOUSE TEAMS The ALB Singapore’s Top In-House Teams 2020 list showcases the achievements of the finest in-house legal teams in Singapore. In-house teams are selected on the basis of notable work done in the past year, innovation practiced, contributions to the overall business, awards and accolades received and other factors. | LIST: MALAYSIA’S RISING STARS Open to those either working in-house or in law firms, the ALB Malaysia’s Rising Stars 2020 list will showcase 10 lawyers under 40 years of age who are doing high-quality work, and in the process earning accolades from their colleagues, superiors and clients. Lawyers need to be permanently based in Malaysia to qualify. | REPORT: INDIA With COVID-19 shutting down businesses in India for many months, lawyers are bracing for a wave of lawsuits in the coming weeks. We look at which sectors are most badly affected, and whether India’s judicial system can cope. | FEATURE: ARBITRATION CENTRES As arbitration becomes an increasingly preferred method of dispute resolution, we profile some of the key arbitration centres in Asia, including the specific advantages of each. | FEATURE: CAPITAL MARKETS The COVID-19 pandemic has changed the way Asia’s equity capital markets operate, with virtual roadshows and deals finding enough success to outlast the coronavirus. InnoCare Pharma’s Hong Kong IPO in March was the litmus test. It passed with flying colours, raising HK$2.2 billion ($289 million). We look at what the switch to IPOs means from lawyers’ perspective. | REPORT: VIETNAM Vietnam’s draft public-private partnership law, set to pass at the end of May, serves to consolidate this framework. It clarifies a number of issues raised by the current legislation and brings changes that are expected to further incentivize PPPs in a number of key sectors. We speak to lawyers about the potential impact. | FEATURE: COMPETITION LAW As a result of COVID, competition authorities across Asia have recognised that certain forms of temporary cooperation between businesses, which could otherwise contravene competition law, may be necessary to secure the supply of essential products for consumers. We speak to competition lawyers in the region about what’s been keeping them busy. | FEATURE: ENERGY & RESOURCES As the country grapples with the COVID-19 crisis, lawmakers have approved a controversial revision of the 2009 Coal and Mineral Mining Law. The new law, aimed at developing Indonesia’s downstream mining industry and increasing economic growth, will allow miners to extend permits through a simpler and centralized bureaucratic process. We speak to lawyers about its potential impact. | FEATURE: M&A With COVID-19 driving down valuations, dealmakers worldwide - from investment bankers to private equity firms - are already seeking out opportunities in businesses that might emerge as the most resilient on the other side of the coronavirus-triggered slump. We speak to lawyers in Asia about the trends they are seeing. | | Add us to your safe sender list by following the steps below:
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5) Select on the Safe Lists Only and click on OK. | Asian Legal Business will also be publishing the following handbooks: 1) ALB Asia Insolvency and Restructuring Handbook 2020
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5) ALB Guide to Shanghai Star Market IPOs 2021
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