25 OCT 2018 Top 10 Headlines | ELIZABETH BEATTIE Despite its abundance of oil, minerals and renewable resources, Papua New Guinea is considered one of the more challenging frontier markets to invest and operate in due to its climate of social and political upheaval. But this has not scared off international interest, which has only grown in recent years, including within the legal sector. International firms are beginning to set up footholds in the island nation’s capital, and they see a bright future ahead.
As the host the 2018 APEC Summit this month, all eyes will be on Papua New Guinea, but that is not the only reason the island nation has gained international attention of late. Australia, China, and the U.S. have locked horns over PNG’s sought-after telecommunication infrastructure contract, and mining and energy projects continue to beckon interest and financial investment from around the globe. The island country, located in the Southwestern Pacific Ocean, has also cautiously played the political game, forging diplomatic relations around the region, while developing its debt markets and setting the scene for future growth. Read More | | | | | | | | | | | | | | | | | | | | | | | For more news, click here to visit the website |
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| Despite its abundance of oil, minerals and renewable resources, Papua New Guinea is considered one of the more challenging frontier markets to invest and operate in due to its climate of social and political upheaval. But this has not scared off international interest, which has only grown in recent years, including within the legal sector. International firms are beginning to set up footholds in the island nation’s capital, and they see a bright future ahead. Full Article |
| Partners from 15 international law firms in Hong Kong have drafted a letter expressing their concerns over proposed rules from the Law Society that would curtail employment opportunities for foreign lawyers in Hong Kong, and tighten up so-called “loopholes” in the city's legal market. Full Article |
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| Stephenson Harwood has hired two partners in Singapore from Ince & Co: John Simpson, the latter’s Singapore office managing partner, and Martin Brown, who headed the finance team there. Full Article |
| AZB & Partners, Cyril Amarchand Mangaldas and Khaitan & Co have advised Indian oil-to-telecoms conglomerate Reliance Industries and its subsidiaries on its $312 million acquisition of a 66 percent stake in local cable TV and Internet service providers Den Networks. Full Article |
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| Linklaters has hired capital markets specialist Amit Singh as a partner in Singapore from Allen & Overy’s Hong Kong office. Full Article |
| The Supreme Court of Singapore and Supreme People’s Court (SPC) of the People’s Republic of China have signed a Memorandum of Guidance (MOG) on the recognition and enforcement of money judgments in commercial cases. Full Article |
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| Thai law firm Chandler MHM has hired corporate lawyer Arkrapol Pichedvanichok as a senior partner and co-head of its mergers and acquisitions practice. Akrapol was a partner at Allen & Overy's Bangkok office until 2015. Full Article |
| The ALB Korea Law Awards, the foremost awards event for the country’s legal profession, is coming back for the 6th time. The winners will be announced at a black-tie event on Friday, Nov 9, 2018, at Grand Hyatt Seoul.Full Article |
| The Supreme Court of Singapore and Supreme People’s Court (SPC) of the People’s Republic of China have signed a Memorandum of Guidance (MOG) on the recognition and enforcement of money judgments in commercial cases. Full Article |
| The Asian Legal Business is thrilled to announce the first edition of the ALB India Law Awards 2019, all set to be hosted in Mumbai, India on February 28, 2019. This prestigious event will recognize law firms, in-house counsels and in-house teams who are cut above the rest and revolutionizing the region with its outstanding contribution to the legal industry in India. Full Article |
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