The global pandemic has rapidly sped up technology adoption across even typically conservative industries and users, and the disputes hearing process is no exception. While for some, this has created a steep learning curve, cost efficiencies and time saved, are among the payoffs that ensure digital disputes are likely here to stay.
COVID-19 has derailed business plans both global and domestic, and cast a long shadow of uncertainty across businesses. For offshore law firms who typically work nimbly with their colleagues across jurisdictions, the impacts have been twofold — with both their clients, and their offices to consider.
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.
Kyri Evagora has recently been appointed Reed Smith’s Asia-Paciﬁc managing partner. Stepping into the role at a time when COVID-19 has turned the legal industry upside down, Evagora tells ALB the ﬁrm is looking ahead, while ensuring it innovates internally to meet the current challenges.
COVID-19 has transformed homes into offices, removed commutes and turned the humble kitchen table into a place of business. The pandemic is drastically turning work culture on its head in almost every way possible.
As the pandemic drags on, redundancies as a result of COVID-19 have begun to rise in the region, with Zoom, Skype or email used at times to deliver the bad news. But employers must be careful to ensure they don’t cross the line or skip necessary steps during these extraordinary times. Lawyers around Asia weigh up the risks and considerations that ﬁrms should bear in mind.
April, the government amended the country’s FDI rules, which now state that FDI investments into India by an entity of a country that shares a land border with India, or when the beneficial owner of investment into India is in or is a citizen of such a country, can invest only under the government route. India also banned certain Chinese apps, including popular social media platforms TikTok and WeChat.
There has been a paradigm shift in the role of the new-age counsel. From being “just a lawyer,” the focus has shifted to “effectiveness” and “impact” as the differentiating factor. Today, the general counsel needs to be an effective business partner.