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From being involved in an anti-missile dispute with China to renegotiating a free trade deal with U.S. President Trump, it’s been an eventful period for South Korea on the trade front. Lawyers in the country talk about how this has been affecting the way their clients do business, and what trends to look forward to in the future.
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From big data to social media, the pharmaceutical industry has utilised the latest technological trends and is also moving towards digitalisation of various operations, while also being conscious of compliance in a heavily regulated industry.
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As the Chinese government’s Shanghai Free Trade Zone (FTZ) scheme – allowing foreign firms to offer PRC law advice in China – turns five this year, and firms like Linklaters and Ashurst preparing to launch there, John Kang speaks to Baker McKenzie’s Hong Kong managing partner Milton Cheng about the firm being the first to take up the scheme and how it’s been so far.
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Clifford Chance has advised Ping An Good Doctor, China’s largest online healthcare platform, on its $1.12 billion initial public offering in Hong Kong, with Davis Polk & Wardwell advising the underwriters, which included Citigroup and JPMorgan.
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Skadden, Arps, Slate, Meagher & Flom is advising Chinese smartphone maker Xiaomi on its upcoming initial public offering in Hong Kong, while Clifford Chance is counselling the joint sponsors CLSA, Goldman Sachs, and Morgan Stanley.
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Simmons & Simmons has launched an Italian desk in Asia, led by Milan-based partner Dario Spinella. The desk offers advice on inbound and outbound investments between Asia and the European country.
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While a number of U.S. firms have closed or scaled back their presence in Greater China in the past couple of years, two have actually opened offices in the PRC in recent weeks. As both focus on legal work related to mainland’s booming technology industry, could this be a sustainable model for other U.S. firms in China, asks John Kang.
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Thanks to ever-improving technology, legal networks don’t just connect law firms across the world with each other, but are also able to share information and resources with thousands of lawyers and their clients.
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Skadden, Arps, Slate, Meagher & Flom has advised iQiyi, a Chinese video streaming service provider backed by Baidu, in its $2.25 billion initial public offering on the Nasdaq. Davis Polk & Wardwell acted as the legal adviser to the underwriters.
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A transatlantic law firm is set to be created soon after the partners of the UK’s Berwin Leighton Paisner and U.S. firm Bryan Cave on Monday voted overwhelmingly to merge.