19 NOVEMBER 2020 Top 10 Headlines | Hu Yangxiaoxiao 胡阳潇潇 In early November, Ant Group’s planned $37-billion blockbuster dual listing in Shanghai and Hong Kong was brought to a halt by financial regulators. In the same day, Chinese regulators also published draft rules to boost the oversight of online micro-lending. Both actions have been interpreted as reflecting the government’s determination to tighten Internet finance regulations.
While the “Ant incident” is being hotly debated in Chinese media, many are also scrutinizing the draft rules that were announced almost at the same time as Ant’s discussions with regulators. Experts feel that in a long run, the new rules will not only impact the ability of Ant’s peers to raise capital, but also shake up the whole Internet finance business in China. Read More | | | | | | | | | | | | | | | | | | | | For more news, click here to visit the website |
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| In early November, Ant Group’s planned $37-billion blockbuster dual listing in Shanghai and Hong Kong was brought to a halt by financial regulators. In the same day, Chinese regulators also published draft rules to boost the oversight of online micro-lending. Both actions have been interpreted as reflecting the government’s determination to tighten Internet finance regulations. Full Article |
| DLA Piper has welcomed back real estate Ed Sheremeta as a partner from Ropes & Gray, where he spent nearly six years. Full Article |
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| Kyuchul Lee, managing partner of Korea’s DR & AJU, talks to ALB about why he feels the country’s legal industry is declining, his goal of getting his firm to the 100-bilion-won club, and the three key qualities he looks for in potential hires. Full Article |
| Babita Ambekar and Jonathan Goacher, former partners at London-listed firm DWF’s soon-to-be closed Singapore office, have joined CMS and Hill Dickinson, respectively. Full Article |
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| The ongoing COVID-19 pandemic has an unprecedented impact on the global economy and poses severe challenges to international dispute resolution. The pandemic has forced all international arbitration practitioners to think over how to turn crises into opportunities. Full Article |
| Link Legal India Law Services has merged with SD Services, a compliance and litigation firm based in Chennai. Full Article |
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| Thailand’s Chandler MHM has advised Phu Yen TTP Joint Stock Company (Phu Yen JSC) on a $186 million loan to develop and operate a 257MW solar power plant in Hoa Hoi, Phu Yen Province, Vietnam, with Clifford Chance representing the lenders. Full Article |
| O’Melveny on GDS Holdings' $1.67 bln HK secondary listing, Allen & Gledhill on Frasers $990 mln deal, and much more in this week’s Asia Deals roundup. Full Article |
| Hong Kong plans to shorten the time lag between an initial public offering (IPO) being priced and when the company’s shares start trading to as little as one day from the current average of more than five. Full Article |
| Soon-to-be closed DWF Singapore office duo transfer to CMS and Hill Dickinson, Singapore boutique firm Peter Doraisamy hires three, and much more in this week’s Asia Appointments roundup. Full Article |
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