Asia Pacific

Headlines

HSA Advocates expands its Regulatory & Policy and Disputes Practice with new additions in the partnership collegium

HSA Advocates (“HSA”) is pleased to announce the appointment of Apoorva Misra as Partner and Shreshth Sharma and Nitish Gupta as Associate Partners in the Regulatory & Policy and Disputes practice. While the three partners will be based out of the firm’s New Delhi office, however, their responsibilities will not be restricted by geography. Apoorva...

Benelux law firm AKD keeps in step with growth of Asian market and expands Asian practice

Benelux law firm AKD expands its Asian practice with the arrival of Hyunju Park, Kaori Ishikawa and Xian Kong. Hyunju focuses on the Korean market, Kaori on Japan and Xian on China. Erwin Rademakers, AKD’s managing partner, who is also responsible for the firm’s Asian practice, explains: “The business sector in Korea, Japan and China is growing...

Rachika A Sahay joins HSA Advocates as Partner in the New Delhi office

Rachika A Sahay joins HSA Advocates as Partner to further strengthen the Projects, Energy and Infrastructure and Corporate practices. She will be operating out of the firm’s New Delhi office. Rachika has over a decade of experience in handling a broad range of deals in the energy sector. She also has diverse experience in handling corporate transactions...

Japanese firms step up overseas M&A

Number of deals hits record in first half as smaller companies get into the game With SoftBank CEO Masayoshi Son taking the lead, Japanese companies have been engaging in mergers and acquisitions at record levels. Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest...

Investcorp adds Deepak Parekh to International Advisory Board

Investcorp, a global provider and manager of alternative investment products, today announced that Deepak Parekh, Chairman of HDFC Limited, Indian’s leading Financial Services conglomerate, has been appointment to Investcorp’s International Advisory Board. Mr Parekh has played a significant role in the development of the financial sector...

Finance

The military junta’s scheme for Thailand’s election is back on track

FOR THE military junta that has ruled Thailand since a coup in 2014, it was a day of ups and downs. On the morning of February 8th the Thai Raksa Chart party submitted just one candidate to the Election Commission as a potential prime minister: Princess Ubolratana Mahidol. The likely outcome of an election slated for March 24th seemed to change...

South Korea says it will pay a bit more to host American troops

An expensive habit THE EXPENSE of keeping American troops abroad is one of Donald Trump’s longstanding peeves. America’s president has made it clear that he regards his country’s global military presence as a bad deal and has put pressure on allies all over the world to do more to cover the cost. South Korea, keen to avoid a rift in the run-up...

A deceptive tweet casts doubt on the Indian government’s credibility

NOTHING HURRIES governments more than an approaching election. But sometimes, as Piyush Goyal, India’s minister of railways, recently found, haste can cause accidents. Keen to tout the Vande Bharat Express, a fast new service, he posted a clip that showed the made-in-India train roaring through a station at a blinding pace. As eagle-eyed viewers...

Unsung Filipino seafarers power the global economy

A CROWDED PAVEMENT alongside Luneta, a park in Manila next to the old Spanish walled city, bears witness every day to how Filipinos make the world go round. This is where recruiters from manning agencies that represent international shipowners go in search of crew. They put out battered tables as recruiting stations, or they wander among the throng...

Australia’s government stirs up hysteria about illegal immigration

THE BILL proposed to grant a sliver of mercy to the 1,000-odd asylum-seekers in Australia’s offshore detention centres. It amended existing legislation to give doctors precedence over politicians in deciding when sick migrants should be evacuated to Australia. The government opposed it vehemently, but it passed the lower house all the same on...

Legal

After Fintech, Singapore eyes Legaltech status

Singapore, a haven for disruptive fintech firms, is aiming to shake up Asia's legal sector next The Lion City will host Southeast Asia's first legaltech accelerator from April. The city-state's initiative aims to groom legaltech startups as well as incubate new business models or services conceived by law firms. Singapore's law academy has launched...

China updates New Industry Catalogue

PRC reduces regulatory procedures for foreign investments following its 2016 reforms. China creates a nationally applicable “negative list” for foreign investment, which opens up more industries for multi-national companies.Foreign Investments Filing Administrative Rules will be updated and published soon by the Ministry of Commerce to clarify...

Proposals to make free movement of data a principle of EU law expected this autumn

Ansip said proposed new EU legislation to tackle unnecessary restrictions on where data can be stored are likely to be published this autumn.The proposals will also look to make it easier for businesses to move their data between rival cloud providers and ensure that public sector bodies can access data held by authorities in another EU country to help...

New advertising standards in the UK to take tougher stance on gender stereotypes

The new standards will be drawn up by the Committee of Advertising Practice (CAP), according to a new report on gender stereotypes in advertising (64-page / 5.4MB PDF) published by the Advertising Standards Authority (ASA), the watchdog that oversees compliance with UK advertising rules.The CAP will also look to "clarify standards that reflect the ASA‘s...

UK government urged to avoid data transfers 'cliff edge' at point of Brexit

In a new report, a House of Lords committee warned that trade and security could be impacted if the flow of data is disrupted at the point of Brexit.To enable data to flow between the UK and EU post-Brexit, the EU Home Affairs Sub-Committee urged the UK government to seek a so-called 'adequacy' decision from the European Commission, which would recognise...

Deals

Japanese groups invest £4.2bn in the UK and Ireland between 2013 and 2017, reveals new M&A report by Livingstone

Transaction values in UK and Ireland reached £978m from Japanese group acquisitions in 2017230 middle market companies acquired across the globe by Japanese groups – up 13% from 2016 Global increase in total transaction values globally to £15.9bn in 2017 –up 15% Europe continued to experience high buyer interest from Japan in 2017, with average...

Japan heading for biggest M&A spree in the U.S.

Japan is on track this year for its biggest acquisition spree in the US as advisers tell chief executives to pounce on deals while Chinese companies are hampered by trade war tensions. The advice of bankers and lawyers to accelerate US-targeted deals has intensified over recent months in line with both the surge in trade war rhetoric and the perception...

Asia-Pacific predicted to continue to dominate M&A activity In H2 2018

Intralinks has issued its Deal Flow Predictor for the fourth quarter of 2018. In the second half of the year, growth in the global number of announced deals will resume (after a first-half pause) at roughly 7% year over year. The strongest growth in announcements will come from technology (Intralinks calls this the TMT sector because tech includes...

HNA turns M&A norms around again

Everyone used to want to be on the sell side; now they want to be on the buy side.In recent months, there has been a new game in Hong Kong investment banking called ‘Distance yourself from HNA’. It is easy to play. On the way up, everyone wanted to advise HNA, the acquisitive-though-opaque Chinese conglomerate whose big holdings include stakes in...

A Fond Farewell and Look Back at Eight Years

A recap of our favorite Private Equity Beat blog posts from over the years. Read More

Acq Lite

Reports: Darren Criss marries Mia Swier in New Orleans

Feb. 17 (UPI) -- The Assassination of Gianni Versace and Glee actor Darren Criss has married writer-producer Mia Swier after a yearlong engagement. Us Weekly said they exchanged wedding vows in New Orleans on Saturday. E! reported Criss chose a white tuxedo for the occasion, while his bride wore a sleeveless white dress with a corset bodice and tulle...

John Mulaney to host 'SNL' on March 2

Feb. 17 (UPI) -- Comedian John Mulaney is to guest host Saturday Night Live on March 2. "Oh boy," Mulaney tweeted, along with the official announcement for his appearance. Singer-songwriter Thomas Rhett is to provide the musical entertainment for the episode. Mulaney last hosted SNL in April. That edition of the show featured a parody of the musical...

Lorraine Bracco to star in BBC comedy 'Jerk'

Feb. 17 (UPI) -- The Sopranos and Goodfellas alum Lorraine Bracco is to co-star in the BBC's new four-part comedy Jerk. Tim Renkow will play a man with cerebral palsy and Bracco will play his mother. Renkow is best known for his work in the TV series Bobby and Harriet Get Married. He is also a co-writer on Jerk, alongside Shaun Pye and Stu Richards. "It...

Bette Midler to perform 'Place Where Lost Things Go' at the Oscars

Feb. 17 (UPI) -- Singer and actress Bette Midler announced on Twitter she plans to perform at the Oscars in Los Angeles on Feb. 24. "So, (drum roll) Ladies and Gentlemen, I will be chanteusing (that's singing) on the Oscars on Feb 24 ... the nominated song from Mary Poppins...'The Place Where Lost Things Go' ...so excited!!" Midler tweeted Saturday. All...

'Alita: Battle Angel' tops the North American box office with $27.8M

Feb. 17 (UPI) -- The Robert Rodriguez-James Cameron collaboration Alita: Battle Angel is the No. 1 movie in North America this weekend, earning $27.8 million in receipts, BoxOfficeMojo.com announced Sunday. Coming in at No. 2 is The Lego Movie 2: The Second Part with $21.2 million, followed by Isn't It Romantic at No. 3 with $14.2 million, What Men...