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Being next door to mainland China, Hong Kong was one of the first jurisdictions globally to experience the coronavirus outbreak. Leaders of the Hong Kong offices of three law firms look back on their experience so far this year, and also the lessons they learnt along the way.
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Like in other countries in Asia, Korean law firms found themselves affected by the COVID-19 outbreak, but they moved swiftly to mitigate the impact, and ensure business continued as smoothly as possible. In this roundtable, leaders of three of the largest Korean firms talk about the year so far, and the lessons they will take from the experience.
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Earlier this year, Indonesian President Joko Widodo's government submitted a draft bill to the country's parliament. The omnibus law, as it is widely known, is a comprehensive bill that would regulate many provisions in various industry sectors into one law. Lawyers say that when passed, it will strengthen the economy by increasing competitiveness, creating jobs and making it to easier to do business in Indonesia.
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Six months into the pandemic, law firms in Asia are still looking for ways to cope with COVID-19 and its impact. While firms are rolling out various initiatives to ensure smooth working and keep morale up, there is the realisation that things will never be the same.
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Indonesia recently ratified a long-anticipated bill amending the country’s 2009 Mining Law. Lawyers say that the large-scale revisions to the law could improve the feasibility of doing business in Indonesia's natural resources sector.
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Buffeted by the triple storms of protectionism, costly regulations and coronavirus, the shipping industry in Asia has been experiencing choppy waters of late. However, lawyers continue to see a steady flow of work, and they are hopeful that things will continue to improve soon.
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If the past summer of upheaval has shown us anything, it is that Hong Kong is a truly resilient city. This has been reflected in the city’s legal market, which has seen a steady flow of work despite not just the protests, but also the trade war, as well as industry-specific factors like changing client demands. In this feature, leaders of four firms in the city talk about how the past year has been, and what 2020 holds.
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India has seen a dramatic increase in the number of start-up companies over the past decade, and with the government rolling out even more policies benefiting them, the boom is set to continue.