Tag: Baker McKenzie
Foreign law firms tilt China strategy on upbeat economic outlook
Foreign law firms have adapted their China strategies for a post-pandemic economic recovery since the mainland government lifted the lockdown in late 2022
Crafting IP success: Be aware, be prepared
Bienvenido Marquez III, a Manila-based partner at Quisumbing Torres, a member firm of Baker McKenzie, shares insights on the importance of IP awareness and upholding brand value
Baker’s new HK and mainland head expects M&A boom in region
Tracy Wut, head of the M&A practice in Hong Kong, mainland China and Asia at Baker McKenzie, has been promoted as managing partner for a three-year term
IP challenges firms face when doing business in Taiwan
Grace Shao, a Baker McKenzie partner in Taipei, offers her advice for local and overseas companies
Baker McKenzie in Hong Kong hires Deacons’ tax head
After nine years at the firm, Deacons’ partner and head of tax and trusts, Stefano Mariani, joined Baker McKenzie as a partner and tax disputes counsel in Hong Kong
China Business Law Awards 2023
China Business Law Journal reveals its top performing law firms of 2022
Four law firms assist on Subway master franchise agreement
Baker McKenzie, Kirkland & Ellis, Haiwen & Partners and Han Kun Law Offices advised on one of the largest master franchise agreements in the fast-food industry covering international chain Subway’s plan to open 4,000 stores in mainland China in the next two decades
Precedent set for proving ex-employee covert competition
Arecent non-compete dispute heard before Shanghai Baoshan District People’s Court will have significant reference value for employers seeking to prove ex-employees covertly competed against them through indirect employment arrangements
HK court: cryptos capable of being held on trust
A recent decision by the Hong Kong Court of First Instance in the liquidation case of Gatecoin ruled that cryptocurrencies are “property” and are capable of being held on trust
Termination contract meets a sticky ‘ending’
The termination of an employment contract was ruled invalid by Henan Xinxiang Intermediate People’s Court due to one small language error
Nishimura, Baker advise on Japan offshore wind farm
Japanese law firm Nishimura & Asahi advised Hibiki Wind Energy, a consortium of five energy companies, on its development of and project financing for the 220MW Kitakyushu Hibikinada Offshore Wind Farm in Japan
AZB, Baker McKenzie counsel Sika in acquiring MBCC Group
AZB & Partners and Baker McKenzie advised Swiss multinational chemical company, Sika, to successfully acquire renowned international chemicals supplier, the MBCC Group, for an undisclosed amount
Baker’s Singapore capital markets duo joins A&O
Two Singapore-based capital markets lawyers at Baker McKenzie, principal Kenny Kwan and local principal Caryn Ng, have moved to its rival, Allen & Overy, as partners
Five law firms assist on Horizon Construction IPO in Hong Kong
Five law firms advised on the Hong Kong Stock Exchange IPO of Horizon Construction Development (HCD), raising a total of HKD1.75 billion (USD224 million)
Commercial leases: abatement clauses and principle of frustration
The Hong Kong Court of Appeal has examined the applicability of the abatement clause and the principle of frustration in an appeal from a business tenant that sought to relieve its obligation to pay full rent during the covid-19 pandemic
Improved copyright infringement practices
Following Copyright Law amendments that took effect in 2021, Chinese courts have actively developed an array of solutions to tackle the ever-evolving field of infringement claims among cutting-edge technologies and new industrial types
Customs challenge for post-importation TP adjustments
Post-importation transfer pricing (TP) adjustments have always presented great challenges for multinational companies doing business in China
Highlights of patent protection in healthcare
The CNIPA released guidelines to support open patent licensing following amendments to the Patent Law
McDermott Will & Emery names Peter Lu as global China head
Chicago-based law firm McDermott Will & Emery has appointed Peter Lu as a partner and the global head of its China practice, based in its London office
DLA Piper’s new sole Thailand head shares outlook and trends
Energy, banks, insurance and tech-related businesses, will be the sectors driving Thailand’s M&A and financing activities in 2023, says DLA Piper’s newly minted country managing partner in Bangkok
Baker, White & Case assist Indonesia-China-Ford nickel plant project
Mining companies Vale Indonesia and China’s Zhejiang Huayou Cobalt agreed to partner with Ford Motor to develop a USD4.5 billion smelter plant in Indonesia’s Pomalaa Block
Two Chinese companies embrace Swiss listing in a week
Two Chinese A shares successfully launched global depositary receipts (GDRs) on the SIX Swiss Exchange within a week
Baker McKenzie hires Hong Kong capital markets partner
Baker McKenzie has bolstered its capital markets practice in Hong Kong with the addition of partner Chen Sheng, who previously practised at Clifford Chance
Thailand Law Firm Awards 2023
Things are looking up for Thailand, with the reopening of borders welcoming travellers back. With a fast-developing economy and strong business ties to the region, Thailand is set to regain its position as an attractive destination for foreign tourists and investment
Baker McKenzie assists Nomura in offloading Thai arm
Baker McKenzie advised Japanese financial holding company Nomura Holdings in completing the transfer of the entire stake of Nomura Asia Investment (Singapore) held in its Thai business
Staying on top of data privacy
In this edited extract from a roundtable hosted by India Business Law Journal and Ikigai Law, moderator Sreenidhi Srinivasan and a distinguished panel of global data privacy experts discuss how companies can create globally compliant data privacy policies
Future Legal Leaders 2023
What are the winning traits of lawyers that make them stand out to their clients and peers?
Baker’s veteran corporate lawyer joins DLA Piper in Bangkok
After 25 years at Baker McKenzie and spending 12 years as a partner, Thananan Sangnuan moves to DLA Piper as a partner in the Bangkok office
Deals of the year 2022
China Business Law Journal announces the most exciting China-related legal transactions and disputes of 2022
HK expands arbitration financing options
Effective from 16 December 2022, lawyers in Hong Kong are permitted to fund clients for whom they act in an arbitration by entering into ORFS, such as conditional and contingency fee arrangements
Guangdong’s first equal opportunity judgment issued
The first equal opportunity employment case in Guangdong province was concluded in 2022, with a judgment ordering the employer to pay compensation and apologise in writing to the employee
Amendments reinforce protection of women’s rights
The newly amended Law on the Protection of the Rights and Interests of Women, adopted by the Standing Committee of the 13th National People’s Congress on 30 October 2022, came into effect on 1 January 2023
Hong Kong does an about-face on virtual assets to grow legal market
With the Hong Kong government’s embrace of cryptocurrencies and attempts to include them in the regulatory system last year, its policy U-turn has injected increasing enquiries to local lawyers
First action against compliance manager for overseas failures
The Hong Kong Securities and Futures Commission’s (SFC) “manager in charge” (MIC) regime, which aims to heighten senior management’s accountability within licensed corporations, came into effect in 2017
Project specialist leaves MoFo for Baker McKenzie in Tokyo
Project finance lawyer Jon Ornolfsson has left Morrison & Foerster, where he was a partner for more than three years and split his time between the Singapore and Tokyo offices, to join the Tokyo office of Baker McKenzie
Phase two of new HK inspection regime commences
Phase two of the new inspection regime of the Companies Registry has come into effect from 24 October 2022, allowing Hong Kong companies to limit disclosure to the public regarding certain personal information of their directors and secretaries
Baker McKenzie adds new employment partner in Hong Kong
Tess Lumsdaine joins Baker McKenzie’s Hong Kong office as a partner, strengthening the firm’s capabilities in employment and regulatory compliance issues
HK passes bill for reciprocal enforcement of mainland judgments
Hong Kong’s Legislative Council (Legco) passed the long overdue Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Bill on 26 October 2022
Baker McKenzie and DLA Piper in Japan’s tofu expansion to US
Baker McKenzie (Gaikokuho Joint Enterprise) advised Japanese company House Foods on its acquisition of Keystone Natural Holdings, a US maker of tofu and other plant-based products
ICCA co-hosts webinar on new data protection law
The Indonesian Corporate Counsel Association (ICCA) has co-organised a webinar with HHP Law Firm (member of Baker McKenzie) and ICC Indonesia
HKCC succeeds in first appeal on pecuniary penalties
Hong Kong’s Court of Appeal allowed an appeal by the HKCC, increasing pecuniary penalties imposed against various respondents in two separate price-fixing cases on 2 June 2022
Baker McKenzie reshuffles Asia-Pacific leadership
Baker McKenzie has appointed Hong Kong-based partner Shih Yann Loo to the role of Asia- Pacific Chair, in addition to his continuing as a global executive committee member
Baker assists APG on self-storage platform buy
Baker McKenzie has advised Dutch pension investment company APG Asset Management on its joint venture with Singapore-headquartered real estate investment manager CapitaLand Investment to acquire storage operator Extra Space Asia
Stronger enforcement against price gouging
Determinations of price gouging infringements under the Price Law (PL) were clarified in detailed rules set by the State Administration for Market Regulation (SAMR) on10 June 2022
China mulls lifting merger filing thresholds
Significant changes to merger control procedures have been proposed by the antitrust enforcement authority, raising the existing turnover-based threshold and adding a new hybrid threshold based on turnover and market value
Former Rui Bai corporate partner joins Reed Smith in Beijing
Barbara Li, former head of corporate at Rui Bai Law Firm, joined Reed Smith as a partner in its global corporate group and Beijing office
Grandall Hong Kong office welcomes three capital markets, real estate partners
Grandall Law Firm has hired capital markets partners, Wan Kok Leong and Wong Sin Tung, as well as real estate partner, Wan Shiu-man, for its Hong Kong branch
Baker McKenzie beefs up GBA disputes service
Baker McKenzie has hired veteran arbitrator Ronald Sum as a Hong Kong-based partner, to seize more opportunities in disputes services from the Greater Bay Area (GBA)
Ex-senior official of Japan competition regulator joins Baker
Baker & McKenzie (Gaikokuho Joint Enterprise), a Japanese member firm of Baker McKenzie, has hired former secretary general of the JFTC Shuichi Sugahisa
Bank compliance for wealth management subsidiaries
Establishing BWMS is an important means for commercial banks to strengthen risk isolation management and implement professional operation
HK court backs established means for protecting cryptos
A recent Hong Kong judgment confirms that familiar legal principles of trusts and injunctions apply equally to cryptocurrency as a novel asset class
The first batch of Chinese companies eye Switzerland to offer GDRs
A quartet of Chinese companies to list on the SIX Swiss Exchange in July signals the beginning of a wave of A-listed firms looking to trade global depository receipts (GDRs) in Switzerland
Latham advises on Thai Life’s 1bn IPO
Thai Life Insurance has raised THB36.21 billion (USD1 billion) from its IPO, the largest on the Stock Exchange of Thailand this year
Landmark AML reforms modernise enforcement
In June, the National People’s Congress 13th Standing Committee approved far-reaching amendments to the Anti-Monopoly Law (AML) that become effective from 1 August
Relaxed measures for inbound China travellers
Chinese embassies and consulates have adjusted requirements for pre-travel testing and Health Declaration Code applications
Greater chance of criminal liability for stealing trade secrets
The Tianjin Intellectual Property Court recently tried a criminal case involving an employee’s infringement of his employer’s trade secrets
PU Letter requirement for workers waived
Foreign affairs offices in China announced that, effective 6 June 2022, they have lifted the PU Letter requirement for foreigners who work in China and their dependents
14 law firms steer the first four Chinese companies into Swiss foray
A group of 14 law firms have advised the first four A-listed companies – Keda Industrial Group, Ningbo Shanshan, GEM and Gotion High-tech – on trading global depository receipts (GDRs) on the SIX Swiss Exchange
Three new APAC chairs at Baker McKenzie
Baker McKenzie has reshuffled its Asia-Pacific leadership with three appointments across practice and industry groups
Hong Kong’s Baker in London residential tower tokenisation
Baker McKenzie’s Hong Kong team advised UK-based property developer Knight Dragon and its subsidiary KD Tokens to raise GBP140 million (USD171.4 million) via tokenisation
Initiative to prevent NFT-related risks
A joint initiative aiming to prevent risks associated with non-fungible tokens (NFTs) was issued by the China National Internet Finance Association, China Banking Association and Securities Association of China on 13 April 2022
Heightened scrutiny of RPM continues
Antitrust enforcement are continuing to crack down on outlawed resale price maintenance (RPM), with a multinational dental medical device manufacturer’s Chinese entity recently fined RMB9.12 million (USD1.35 million)
Five-year antitrust enforcement plan announced
The antitrust authority will be stepping up oversight over the platform economy, technology development, data security and livelihood sectors such as utilities, healthcare and medicine
SPC pharma matter spotlights pay-for-delay agreements
The Supreme People’s Court (SPC) has identified relevant factors from an Anti-Monopoly Law perspective when assessing pay-for-delay settlement agreements
Baker McKenzie FenXun advises Jin Jiang Capital’s privatisation
Hospitality and tourism powerhouse Jin Jiang International was advised on the privatisation of Hong Kong-listed Jin Jiang Capital by Baker McKenzie FenXun
White & Case assists Lotte’s pharma expansion in US
South Korea’s Lotte Corporation has agreed to acquire Bristol Myers Squibb’s East Syracuse, New York, pharmaceutical manufacturing facility
Markets expert joins Baker McKenzie in HK
Baker McKenzie has added senior capital markets specialist Thomas Tarala as partner to commit its strategic development for SPAC listing regimes in Hong Kong bond markets and ESG (environmental, social and governance) investments
Compliance issues for HK-listed companies in financial difficulties
Under the Hong Kong regulatory framework, listed companies should focus on the following aspects of compliance.
Markets expert joins Baker in HK
Baker McKenzie has added senior capital markets specialist Thomas Tarala as partner to commit its strategic development for SPAC listing regimes in Hong Kong bond markets and ESG (environmental, social and governance) investments
How will PIPL impact corporate compliance probes?
To further fulfil the commitment to protect personal information, mainland China promulgated the new Personal Information Protection Law (PIPL)
Future Legal Leaders 2022
India Business Law Journal identifies 50 promising lawyers who are poised for greater success
The A-List: Top offshore lawyers 2022
Offshore financial centres worldwide have made relentless efforts to attract foreign business, and outward-looking Asian companies have responded to this demand by setting up overseas entities. However, finding the right legal team is daunting
Thailand Law Firm Awards 2022
Recovering global demand is softening the impact of the pandemic on Thailand. While travel restrictions continue taking a heavy toll on the tourism sector, a major contributor to the economy, the country has rolled out an extensive and comprehensive package to kick-start a rebound.
Deals of the year 2021
We look back at the most significant transactions and disputes of last year as we ring in the year of the tiger
Mapping global expertise
As a wave of dealmaking showcases legal prowess around the world, India Business Law Journal reveals the top foreign law firms for India work