It’s no secret that Asia is emerging as a top choice for arbitration and dispute resolution, and with such developments come opportunities and access for Asia-based businesses to world-class dispute resolution mechanisms, and plenty of work for lawyers in the region. But the pandemic has had a significant impact on the way disputes across Asia are carried out. In order to get the best out of dispute resolution mechanisms, digital transformation is key, say lawyers.
Japan has had an up-and-down year so far, with the COVID-19 pandemic continuing to disrupt life and business, even as the country successfully hosted the Olympic and Paralympic Games. Leaders of law firms in Japan say that while they had to institute new ways of work in order to adapt to this “new normal,” they have been heartened by the resilience shown by their firms, which will hold them in good stead going forward.
Indonesia is shaking up its listing rules as it seeks to attract start-up giants and cultivate a reputation as an IPO hub. The new regulations, which relax a number of curbs and allow ﬁrms to go public with multiple classes of shares with different voting rights, are a long time coming, say lawyers.
In 2019, Cambodia had its best year in terms of foreign direct investment. According to the 2020 World Investment Report by UNCTAD, Cambodia saw $3.7 billion of FDI, a rise of 16 percent compared to the $3.2 billion it received in 2018.
As lawyers in Asia continue to work hard under the challenges of a sustained global pandemic, the pressure is on managing partners to guide their teams through a rapidly changing landscape.
Since the military coup earlier this year, devastating scenes of brutal violence and deep civil unrest have continued to emerge from Myanmar, along with allegations of human rights breaches and telecommunication blackouts.
Data has become an increasingly critical part of the way law firms do business, with difficult decisions now being weighed using analytics and information. While lawyers are united on the fact that data is the way forward, firms take different approaches in how they get the best out of the information at hand.
White & Case has advised U.S. payments giant PayPal Holdings on its $2.7 billion agreement to acquire Japanese buy now, pay later (BNPL) firm Paidy, which was represented by Cooley and Mori Hamada & Matsumoto.
Virtual and hybrid hearings are now the new norm.