According to Sascha Hindmarch, former general counsel at the University of South Australia, centralised systems represent the intelligent choice for the legal function. In a post-Enron, post-Fannie Mae world, a centralised system is more accountable, transparent and safe. Here, she makes a compelling case for backing the model having regard to the changing nature of in-house counsels’ role.
Carrie Yang and Amanda Li of Clyde & Co contemplate how the insurance market will change in China once the government implements strict liability for food safety.
In this issue, we bring you a comprehensive overview on anti-trust and competition law authored by Ian Forrester QC, whilst Perdana Saputro of Melli Darsa highlights the strengths and weaknesses of Indonesia's competition regime. Chew Phye Keat of Raja Darryl & Loh contemplates the effectiveness of the Malaysian Competition Act 2012 and Dr. Tuan of LCT Lawyers gives us a fascinating look through the key-hole into the regulatory world of Vietnam's anti-trust framework. ASIAN-MENA COUNSEL also speaks to Vivian Mak, Director and Head of Litigation, APAC, The Royal Bank of Scotland and through her eyes we see the changing tapestry of a litigator's role at the Bank, in our In-House Insight feature.
In our last issue, (Volume 10 Issue 3) we brought you an overview of the key changes to the CIETAC Rules 2012 in “Moving the CIETAC goal posts…for the better.” Here, Harry Liu and Yue Qiu of King & Wood Mallesons guide us through the major differences between the CIETAC Beijing Rules and the CIETAC Shanghai Rules, enlightening us as to how these distinctions have a bearing on choice of venue for the
parties involved.
Recent efforts to encourage foreign direct investment in Renminbi (RMB) represent one of several systematic steps taken by the Chinese government in its long march towards full convertibility and internationalisation of the RMB. But just how broad is the ability of foreign investors to use RMB to undertake direct investment in China? Zheng Yu of Gide Loyrette Nouel canvasses recent regulatory developments and examines the sectors where restrictions on foreign investment in RMB may apply.
Anthony Woo and Jenny Zhuang of Kennedys share with us their insights following a momentous judgment in the shipping arena in Hong Kong. For the first time, the meaning of ’control’ in the context of a ship arrest was contemplated by the Hong Kong Courts – paving the way for some much needed clarity for ship owners.
