1 ASIAN LEGAL BUSINESS – SEPTEMBER 2023 WWW.LEGALBUSINESSONLINE.COM COVER STORY 16 ALB Asia M&A Rankings 2023 In its annual Asia M&A Rankings, ALB spotlights the leading law firms for M&A work, shedding light on the top players driving the region’s most impactful and intricate deals. FEATURES 12 From Russia, with work Russians have been moving their business and dispute resolution to Asia for over a decade, but new sanctions following the invasion of Ukraine has significantly hastened that process. Dispute resolution hubs like Singapore, Hong Kong and Tokyo are increasingly attracting Russian businesses following the implementation of Western sanctions, and that trend is set to continue as the conflict drags on. 24 Moving the needle The role of general counsel at pharmaceutical and healthcare companies has become increasingly complex. GCs today must possess a diverse skill set that stretches far beyond legal expertise. 28 ALB Thailand Rising Stars 2023 In its inaugural list, ALB introduces the emerging legal practitioners in Thailand’s new era. These practitioners have demonstrated great potential in the industry and have received high praise from their clients. 30 Better days ahead After a slow start to Thailand’s dealmaking scene in 2023, M&A activities are expected to tick up in the second half of the year. But lawyers say that companies need to navigate not just tight monetary conditions and heightened geopolitical risks, but also a murky political situation in Thailand. Plus: - Chandler MHM 32 ALB Asia Top 15 TMT Lawyers 2023 ALB honours the top technology, media, and telecommunications (TMT) lawyers across Asia who have powered through the pandemic, continuing to grow their practices at a remarkable pace while adapting to new markets, disruptive technology and ever-changing regulatory regimes. Plus: - Drew & Napier 34 A new regime India recently passed a wide-ranging data protection law. Lawyers share what companies need to do to keep up. 36 Moving forward on ESG Environmental, social and governance (ESG) considerations are essential to businesses for the opportunities they bring, and for the reputational and economic risks that arise from making the wrong decisions. In light of the growing interest and scrutiny in ESG matters from within Japan and abroad, the Japanese government has been pushing a range of measures to implement ESG initiatives. BRI EFS 3 The Briefing 4 Forum 5 Deals 7 Explainer 8 Appointments 11 Q&A CONTENTS 30 Better days ahead Image: pisitnamtasaeng/