Asian Legal Business

Shardul Amarchand Mangaldas & Co has advised Acme Solar, one of India's largest renewable energy independent power producers, on its $343 million initial public offering. Cyril Amarchand Mangaldas and Hogan Lovells Lee & Lee acted as Indian and international counsel to the book-running lead managers on the deal. The BRLMs comprised Nuvama Wealth Management, ICICI Securities, JM Financial, Kotak Mahindra Capital, and Motilal Oswal Investment Advisors. The listing is one of many marquee renewable sector listings on India’s bourses this year, as the fast-growing segment turns to the country’s booming stock markets to raise funds. Key lawyers involved: SAM: Prashant Gupta, Sayantan Dutta, Devi Prasad Patel, Romit Raja Srivastava, Purva Mishra, Jayant Saxena CAM: Vishal Yaduvanshi, Puneet Passi, Medhashree Verma, Rishi Nandkeolyar, Aniruddh Saraswat, Arjun Badola, Arnab Roy, Ritvik Maheshwari, Abhinav Singh Chauhan Hogan Lovells: Biswajit Chatterjee, Varun Jetly, Kaustubh George, Aditya Rajput, Jayant Bhardwaj, Sanjana Ravjiani, Rosen Chen, Nancy D. O'Neil, Henry D. Kahn Nimitt Dixit reports: https://lnkd.in/gW4waGk5

Japanese Big Four firm Nishimura & Asahi has advised global investment bank Goldman Sachs on its acquisition and privatisation via management buyout of Nihon Housing, a building and real estate management company, for $530 million. Nihon Housing manages 500,000 units across Japan, Taiwan, Singapore, and Vietnam. In May, the company announced its plans for a management-led buyout, with Goldman Sachs making a tender offer at a premium of 45.9 percent to the trailing three-month average share price, according to Mingtiandi. Key lawyers involved: Nishimura: Asa Shinkawa, Keitaro Hamada, Kazumaro Kobayashi, Saito Takashi, Ing-Chian Sun, Tomoro Yoshimoto, Taro Hirosawa, Imaizumi Isamu, Thien Huong Phan Read more from Nimitt Dixit: https://lnkd.in/guDjbDyS

Izad Kazran & Co. | IKC 律师事务所 has been named one of the Fastest 30 Growing Law Firms of 2024. Under the visionary leadership of managing partner Kho Sze Jia 许诗佳, Izad Kazran & Co has rapidly emerged as a powerhouse in Malaysia's legal landscape. Their impressive 57% revenue growth in the past year underscores their successful expansion strategy built on strategic talent acquisition, client-focused innovation, and aggressive regional expansion. The firm's commitment to excellence is evident in their strategic growth initiatives. By expanding their team with ten new hires and establishing specialized practice areas including an ESG Practice Group and dedicated China and ASEAN business desks, they've enhanced their service capabilities significantly. Their prestigious client portfolio, including A & W (Malaysia), ContiTech (a Continental group company), and the Employees Provident Fund (EPF), reflects their growing influence across sectors. The firm's investment in AI-driven tools, secure client portals, and continuous professional development demonstrates their dedication to delivering world-class legal services. Congratulations to Izad Kazran & Co on this well-deserved recognition. Here's ALB's list for Asia’s Fastest Growing Firms 2024: https://lnkd.in/ggV9M_HR

AVYA Law Firm has been named of of ALB's Fastest 30 Growing Law Firms of 2024. Since its establishment in 2019, AVYA Law Firm has emerged as a powerhouse in Indonesia's legal landscape under the dynamic leadership of managing partner Alldo Fellix Januardy. Their remarkable growth trajectory reflects their excellence in private wealth, tax, complex restructuring, disputes, and asset protection. The firm's exceptional track record speaks for itself, having successfully handled high-stakes cases including a $15mln inheritance dispute and a $63mln asset protection matter. As a trusted advisor to ultra-high-net-worth family offices, government bodies, and corporations, AVYA has consistently demonstrated its expertise. Their commitment extends beyond commercial success, providing pro-bono advisory to five social enterprises focused on refugee rights, poverty elimination, and Indonesian culture. The firm's thought leadership resonates globally, with their insights featured in prestigious publications across Japan, Singapore, Australia, Indonesia, and Malaysia. Congratulations to the entire AVYA team! Their dedication to delivering "tailored advocacy for unique legal matters" truly exemplifies excellence in the legal profession. Here's ALB's Fastest 30 law firms list for 2024: https://lnkd.in/ggV9M_HR

Singapore's financial sector is at the forefront of embracing Artificial Intelligence (AI), particularly Generative AI (Gen AI), as it seeks to maintain its position as a global fintech hub. As Singapore's financial sector navigates this AI-driven landscape, regulators and industry leaders are working together to develop frameworks that balance innovation with risk management. “Singapore adopts a principles-based model through the MAS and its FEAT principles (Fairness, Ethics, Accountability, and Transparency),” said Grace Chong, head of financial services regulation at Drew & Napier LLC. This approach reflects Singapore's commitment to fostering innovation while maintaining robust regulatory oversight, she added. Read more about how Singapore leads with principles-based approach to AI in financial services: https://lnkd.in/g7wJ8FRX

Southeast Asia's healthcare sector is experiencing a surge in mergers and acquisitions (M&A) activity, with private equity investments significantly influencing the industry's development. Between the months of January and April this year, the region’s healthcare industry saw a deal value of $1.13 billion, including Fullerton Health’s sale to Far East Drug Co. and the acquisition of Eu Yan Sang by Japan’s Mitsui and ROHTO Pharmaceutical. The deals continued later in the year as well, with IHH Healthcare announcing in September its purchase of Island Hospital in Penang for $900 million. Chung Seck, partner and head of M&A and healthcare & life sciences at Baker McKenzie Vietnam, tells ALB that recent patterns in Southeast Asian healthcare M&A reveal a marked increase in both the number and value of deals. “For the next couple of years, we see from a broader view that there will be still compelling opportunities for M&A healthcare in Southeast Asia countries given global companies and investors are building resilience through transactions, partnerships and inward investment in the Asia-Pacific region,” says Seck. One of the notable examples is the IHH Healthcare acquisition of Island Hospital, one of the largest deals in Malaysia this year. As James Mythen, a partner at A&O Shearman, notes, this acquisition “shows the ongoing strength of healthcare mergers and acquisitions in the ASEAN region.” Sarah Wong reports: https://lnkd.in/g3TMhGtC

In September, the Vietnamese government issued the first draft of a new law on Personal Data Protection (PDPL) for public feedback. The draft law has more stringent provisions than the Personal Data Protection Decree and is potentially set to take effect from January 1, 2026. When adopted, the legislation is expected to impact substantially the way all entities do their business in Vietnam as well as the society as a whole, according to lawyers at Rajah & Tann LCT Lawyers, Vision & Associates (V&A), and Tilleke & Gibbins in Vietnam. “One remarkable activity captured by the draft is the publication of personal data on cyberspace which allows individuals outside of Vietnam to receive it,” says Logan Leung, deputy managing partner at Rajah & Tann LCT Lawyers in Vietnam. “Such requirements impose a huge paperwork and cost burden and prevent domestic businesses from approaching and taking full advantage of advanced technologies and services in the global market as they may have difficulty accessing such services,” say Son Ha Vuong, TÚ ANH TRẦN and Nguyen Thai Ha, associates at Vision & Associates (V&A). "Outsourcing data protection functions to a specialised service provider could help businesses meet compliance requirements without the need for internal resources,” says Minh Quang Vũ, associate at Tilleke & Gibbins. Read our latest explainer on Vietnam's draft Personal Data Protection Law by Sarah Wong: https://lnkd.in/gSC-EDKE

In today's dynamic legal landscape, top attorneys leverage a mix of expertise, communication skills, and client-focused strategies to build and maintain a robust client base.   Jirapong Sriwat at Nishimura & Asahi, Roy Leung at Sit, Fung, Kwong & Shum, and Eugene Thuraisingam LLP's Johannes Hadi share that effective communication, deep legal expertise, client-centric approaches, and a focus on efficiency and user-friendliness are crucial for building and maintaining strong client relationships. Read our latest Forum on legal management here: https://lnkd.in/gkZKHSrv

Bae, Kim & Lee LLC won Labour and Employment Law Firm of the Year, Maritime Law Firm of the Year, Construction and Real Estate Law Firm of the Year, and Banking and Financial Services Law Firm of the Year awards at the 12th ALB Korea Law Awards! These awards "highlight the expertise and leadership we have developed in both domestic and international legal markets. We remain committed to fulfilling our clients’ trust by delivering comprehensive, specialized legal services and tailored solutions that exceed expectations," the firm told ALB. Congratulations! #ALBAwards #KLA2024

🌟 Celebrate Excellence in Law! 🌟 The ALB India Law Awards 2025 are open for submissions! This is your chance to recognize the trailblazers, innovators, and leaders in the legal industry. 🏆 Why nominate? Highlight Achievements: Shine a spotlight on groundbreaking legal work and exceptional talent. Inspire Others: Your nomination can motivate peers and set new benchmarks in the industry. Build Reputation: Gain recognition and enhance your professional network. Join us in celebrating the best in law on March 6th, 2025, in Mumbai. Let's honor those who make a difference! 🌐 Submit your nominations today and be part of this prestigious event. 🚀 Send in your inquiries on albawards@thomsonreuters.com. #ALBAwards #LegalExcellence #NominateNow