Asia-Pacific regulators issued nearly $4 billion of fines related to anti-money laundering (AML) and know your customer (KYC) violations in the first half of 2020 according to a report by software provider Fenergo.

The idea of Omnibus Law is considered by many as a major attempt to achieve the government’s objective to accelerate Indonesia’s economy growth by attracting more investment and improving the ease of doing business in Indonesia. The government has finally decided to drastically act upon the long-ingrained issues that have been deterred foreign investment in Indonesia i.e. the over-regulation and the bureaucratic inefficiency.

In response to the challenges posed by the COVID-19 pandemic, the Guidelines provide specific measures for the arbitral tribunals, parties and counsels to deal with the difficulties. Those measures are understood to be formulated on the further and specific explanation of the Arbitration Rules during this special period, encouraging the tribunal and the parties to reasonably Consider all available measures for them to proceed with the arbitration.

Eversheds Sutherland has added Singapore boutique GT Law as a member of its Asia-Pacific alliance.

With COVID-19 making in-person events difficult, the 7th annual ALB Malaysia Law Awards was a virtual one, making it ALB’s first-ever online awards ceremony. However despite the obstacles, it turned out to be a roaring success.

Chinese apps today face intense scrutiny, if not outright bans, in certain key overseas markets. Lawyers say that the situation demands that they adjust their thinking about how they operate in certain countries, and come up with fresh strategies for the same.

Jessada Sawatdipong, joint managing partner of Thailand’s Chandler MHM, talks about running a firm with lawyers and staff from diverse backgrounds and cultures, keeping up with the expectations of clients, and why it’s important to be an employer of choice.  

Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.

Law firms across Asia are struggling to deal with the financial impact of COVID-19, and Singapore is no different, after reports emerged that Dentons Rodyk and Big Four firm WongPartnership, two of the city-state’s largest firms, were cutting pay for lawyers.

Indonesia has been seeing the rise of some quality smaller law firms that are punching well above their weight in terms of work handled and services delivered.