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Southeast Asia eyes hands-off AI rules, defying EU ambitions

BY Reuters |

Southeast Asian countries are taking a business-friendly approach to artificial intelligence regulation in a setback to the European Union's push for globally harmonised rules that align with its own stringent framework.
Country Garden bondholders in talks with law firm Ashurst about legal options, sources say

BY Reuters |

Some holders of Country Garden (2007.HK) offshore bonds are in talks with law firm Ashurst to form a group to consider options if the Chinese property developer fails to meet debt repayment obligations, two sources familiar with the matter said.
Law firm Dentons splits with China's Dacheng as counter-espionage law takes hold

BY Reuters |

Global law firm Dentons said on Tuesday that it has split with its China branch, Beijing Dacheng Law Offices, in the wake of new national security restrictions imposed by the Chinese government.
Akin Gump adds special situations partner in Hong Kong

BY Reuters |

U.S. law firm Akin Gump Strauss Hauer & Feld said it has added partner Tarun Warriar to its special situations and private credit team in Hong Kong, less than a month after losing its restructuring head in the city to rival DLA Piper.
Georgian billionaire wins $926 million from Credit Suisse after fraud

BY Reuters |

Credit Suisse was ordered to pay $926 million to Georgia's former prime minister on Friday for losing part of his fortune in a Singapore court ruling that represents one of the biggest legal awards made against the bank.
Law firms Allen & Overy and Shearman & Sterling plan merger

BY Reuters |

London-based law firm Allen & Overy and New York's Shearman & Sterling plan to merge, they announced on Sunday, in a deal that would create one of the world's largest legal practices with combined global revenue of approximately $3.4 billion.
Ropes & Gray abandons Hong Kong restructuring practice as leader departs

BY Reuters |

U.S. law firm Ropes & Gray is shutting down its business restructuring practice in Hong Kong, with its Asia restructuring group leader Daniel Anderson leaving the firm, a Ropes & Gray spokesperson said on Wednesday.
Latham & Watkins oil and gas co-chair joins Simmons & Simmons in Hong Kong

BY Reuters |

London-headquartered law firm Simmons & Simmons said on Monday it has hired the co-chair of U.S. firm Latham & Watkins’ oil and gas industry group for its Hong Kong office.
Squire Patton Boggs adds K&L Gates global energy co-head in Singapore

BY Reuters |

International law firm Squire Patton Boggs said on Tuesday it has hired partner Lian Yok Tan for its energy and infrastructure practice in Singapore.
Law firm DLA Piper taps Akin Gump for restructuring head in Hong Kong

BY Reuters |

Law firm DLA Piper has hired a partner from U.S.-founded rival Akin Gump Strauss Hauer & Feld in Hong Kong to serve as its new restructuring practice leader for the Asia Pacific region, the firm said Tuesday.