ANTI-CORRUPTION: Heightening Risks
With countries beginning to open their borders completely, and corporates revitalising expansion efforts or diversifying their supply chains into growth markets across Southeast Asia, such as Indonesia, Malaysia and Vietnam, corruption and other compliance risks are constantly increasing. Lawyers say that companies need to step up their vigilance by conducting meaningful assessments of risks, and implementing appropriate controls that address the risks unique to the specific jurisdiction.
INDIA REPORT: Sky’s the Limit
India today has the world’s third-largest and fastest-growing aviation market, one that is also a hotbed of dealmaking activity, as shown by Air India’s recent plan to purchase 470 aircraft from Airbus and Boeing for $70 billion. As a result, lawyers in the aviation space are finding themselves more in demand than ever.
DATA PROTECTION: Cyber Guardians
As digitisation and cyber threats rise, countries in Southeast Asia have enacted laws to protect personal data and prevent cyber-attacks. But with varying requirements across jurisdictions, the compliance burden for companies has only increased, and in-house counsel play a critical role in ensuring compliance with these laws by providing guidance on legal requirements and best practices.
ALB Asia’s Top 15 ESG Law Firms 2023
As the push towards ESG-focussed business practices gains momentum, Asian law firms are playing a vital role in guiding clients through the complex regulatory landscape, helping clients identify regulatory risks and potential opportunities, as well as providing legal protection and solutions. In this inaugural ranking, ALB spotlights 15 law firms that are delivering exceptional legal services in the ESG space.
Over the past few years, law firms have witnessed high levels of employee attrition, putting them under intense pressure to attract and retain top talent. As a result, the roles of senior HR personnel –such as chief people officers – are growing in importance, helping firms finetune the talent strategies that will provide them with their competitive edge.