5 ASIAN LEGAL BUSINESS – NOVEMBER 2023 WWW.LEGALBUSINESSONLINE.COM BRI EFS BASIL HWANG, managing partner, Hauzen It is no secret that AI is increasingly a feature of daily life across the globe. I think it is inevitable that it will become a more important part of legal practice as well. Lawyers of today – and the future – will need to know how to harness AI in their work if they do not wish to be replaced by it. Another feature of the world we live in is the growing prevalence of blockchain technology and digital assets or digital currency. A huge proportion of our time is taken up in advising on cryptocurrency disputes, for example. Without a basic knowledge of the technology underlying it, a lawyer would find themselves at a serious disadvantage in understanding and arguing cases. We have found ourselves in situations in court where opposing counsel did not understand the technology underlying digital assets, which put them at a disadvantage. We will continue to hire the best legal talent based primarily on their competence in the law. We will expect our lawyers, however, to have some technological knowledge or have the aptitude to learn it – and we are very willing to teach it. Our practice is already very heavily weighted towards digital finance, with several knowledgeable and experienced lawyers in our Blockchain, Tokenisation and Web 3.0 practice, so our lawyers should have no shortage of learning resources in-house at our firm. DEALS $3.6 BLN Financing and development of the Hai Long Offshore Wind Power Project Deal Type: Project Finance Firms: Clifford Chance; Hogan Lovells; Jones Day; Lee and Li; Linklaters; Tsar & Tsai; White & Case Jurisdictions: Canada, Singapore, Taiwan $3 BLN Expansion of Ninoy Aquino International Airport in Manila Deal Type: Project Finance Firms: Pinsent Masons MPillay; PJS Law Jurisdiction: Philippines $1 BLN Midea Group’s planned listing on the HKEX Deal Type: IPO Firms: Freshfields Bruckhaus Deringer; Jia Yuan Law Offices; King & Wood Mallesons; Skadden, Arps, Slate, Meagher & Flom Jurisdictions: China, Hong Kong $642 MLN Mirvac Group’s acquisition of Serenitas from GIC, PEP, TCP Deal Type: M&A Firms: Ashurst; Baker McKenzie; Herbert Smith Freehills Jurisdictions: Australia, Singapore $501 MLN J&T Global Express’ listing on the HKEX Deal Type: IPO Firms: Commerce & Finance Law Offices; Dahui Lawyers; Han Kun Law Offices; Latham & Watkins; Skadden, Arps, Slate, Meagher & Flom Jurisdictions: China, Hong Kong $488 MLN Zurich Insurance’s acquisition of Kotak Mahindra General Insurance Deal Type: M&A Firms: AZB & Partners; Cyril Amarchand Mangaldas; Freshfields Bruckhaus Deringer Jurisdictions: India, Switzerland $477 MLN Kyowa Kirin’s acquisition of Orchard Therapeutics Deal Type: M&A Firms: Goodwin Procter; Morrison Foerster; Slaughter and May Jurisdictions: Japan, UK $317 MLN Doosan Robotics’ listing on the KSE Deal Type: IPO Firms: Cleary Gottlieb Steen & Hamilton; Kim & Chang; Paul Hastings Jurisdiction: South Korea
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