Hong Kong's top banking regulator said it would establish a regulatory regime known as a "sandbox" for financial technology start-ups, in a bid to boost Hong Kong's status as a burgeoning fintech hub.
The new initiative will help quicken the pace of fintech development, Hong Kong Monetary Authority (HKMA) chief executive Norman Chan told a conference.
"Sandboxes" typically afford fintech firms special regulatory waivers for a limited period of time.
Debevoise & Plimpton LLP won the Insurance Law Firm of the Year award at the ALB Hong Kong Law Awards 2024, apart from being the sponsor of the Insurance In-House Team of the Year award. Edwin Northover, Asia-based corporate partner and head of the firm’s financial institutions and corporate practices in Asia, talks about the firm's recent achievements, trends in the insurance industry, and future outlook for insurance law in Hong Kong.
U.S. law firm Kramer Levin Naftalis & Frankel and global legal giant Herbert Smith Freehills are planning to merge to create a firm with more than 2,700 lawyers, according to a joint statement on Monday.
Japanese boutique Tokyo International Law Office (TKI) is set to establish its first overseas outpost with the opening of a Singapore office in January 2025, marking a significant milestone in the rapidly expanding firm's global strategy.