For a country firmly entrenched in tradition, embracing the twin hallmarks of development -capitalism and liberalism – have not been easy loads to bear for India’s economy. Given that its infrastructure cannot match its growth and its government is resistant to change, India’s economy is struggling with paradoxes that can’t be easily squared away. Still, it is now the second fastest growing industry in the world and it is taking steps to increasingly open up its market, in terms of FDI, the legal industry and its burgeoning retail sector. Our cover story explores the latest issues and trends affecting the economy and lawyers from Majmudar & Partners share their insights on the nuances affecting the stock broking business in India.
Corruption and the Indian infrastructure boom
Kroll’s Ramon Ghosh explains why a culture of corporate compliance is now likely to become vital when doing business in India.
Last year’s strong M&A activity in Asia has continued in the first half of 2011. In our Special Report, senior lawyers practising in the field share their insights into the factors driving activity, from Asia’s thirst for overseas acquisitions to foreign companies trying to gain a foothold in emerging markets. Find out why Japan’s March 11 earthquake and tsunami could stimulate outbound investment, and how the UAE’s distinct business culture can present challenges for the unwary investor. Features articles contributed by Hogan Lovells, K&L Gates, Melli Darsa & Co, Phoenix Legal, Tilleke & Gibbins, DFDL Mekong and Indochine Counsel.
Poised to become a US$225 billion industry by 2020, the Indian information technology (IT) sector has been a significant growth catalyst for the country’s economy.Our Special Report on the telecoms, media and technology sectors outlines some recent key developments in the country’s rapidly changing regulatory framework. We also turn the spotlight on China’s efforts to open up its audiovisual imports market and ask whether they are enough to benefit foreign investors. With editorial contributions from Khaitan & Co and Paul, Weiss, Rifkind, Wharton & Garrison.
In this month’s Special Report on dispute resolution, we take a look at how Asia Pacific’s role as an international centre for dispute resolution, particularly arbitration, has grown against a backdrop of increasing cross-border transactions. As demand has grown exponentially, so Asia’s leading arbitration centres – including HKIAC, KCAB and SIAC – have moved with the times to maximise the services they provide in a constantly evolving legal framework. We examine some of the key new laws which have shaped dispute resolution in 2010 and outline some of the challenges in pursuing justice through both litigation and arbitration.
In this month’s Special Report on India, we take a look at how the country’s robust economy has helped Asia survive the global financial crisis and ask whether its legal sector is likely to follow the example of its markets and open up to foreign players. We examine new developments in tax and takeover legislation and how these will affect both domestic and foreign private equity investments in India. Plus, find out how a new Reserve Bank of India circular has cleared up some uncertainties surrounding the regulation of core investment companies (CICs).
Our Special Report on M&A takes a look at which jurisdictions are leading the pack in deal-making activity in 2010. We also hear from leading firms as to the status quo of M&A laws and regulations in India, Indonesia, Malaysia and Vietnam – find out which countries are making a push to encourage foreign investment through development of their legal frameworks, and which still have a long way to go.
Our latest edition of Asian-Counsel takes a look at the various happenings in the region’s capital markets sector. Whilst change is abreast with money flows shifting directions and new industries gaining momentum, we uncover why Hong Kong and Singapore regulators are still setting the pace. Leading law firms also reveal the latest capital markets trends in Malaysia, India, Japan, Thailand and South Korea.
In the latest issue of Asian-Counsel, we uncover the lofty aims of several arbitration centres in the region. We also receive comprehensive updates from a host of leading law firms, and the SIAC, as to the state of dispute resolution across the Middle East, Vietnam, South Korea, India, Hong Kong and Singapore.
