IBA-GC-panelA lively panel of general counsel ended the first day of the two-day Asia-Pacific Mergers & Acquisitions Conference organised by the IBA in Hong Kong on November 2.

When asked about what role the general counsel played during a corporate M&A, the consensus of the panel was that they preferred to be part of the process at source. The general counsel has a unique perspective and is in an ideal position to project-manage the deal, acting as an effective bridge to all departments.

The panel were encouraging about the important continuing role of external counsel, which was well received by the assembled 80 private practice lawyers in the audience. The consensus of the panel is perhaps at odds with the findings of In-House Community’s research regarding the amount of work done in-house as opposed to using external providers: more than 60 percent of our Hong Kong In-House Community do most (over 75 percent) or all of the legal work in-house.

However, that statistic includes the entire scope of legal work. For major transactions such as M&A or capital raising, external lawyers clearly have an important role to play in helping deals to fruition, although the panel noted that there seems to be a dearth of expertise among external providers in Asia regarding post-deal integration.

Related Articles by Firm
Myanmar Opened its Broadcasting and TV Market
The Broadcasting Law 2015 opens commercial licenses for TV or radio for bidding under an independent supervisory authority. This offers wide opportunities to investors from broadcasting infrastructures to broadcasting services.
Clasis Law (India) Newsletter August 2015
Analysis of the revocation of a company's drug patent and other key court rulings and updates on corporate and commercial matters
The new CIETAC Arbitration Rules 2015
The New Rules adopt both best practices and the latest developments in international commercial arbitration and accommodate the increasing needs of the parties arbitrating at CIETAC.
Tanzania: Prospecting for and mining of radioactive minerals
New uranium mining projects have recently been announced in Tanzania. This briefing looks at the legislative framework surrounding radioactive minerals in Tanzania.
Related Articles
IMF Bentham wins Singapore third-party funding agreement
Litigation funding has taken a step forward after a court ruled to allow a commercial funding arrangement to proceed.
China startup trials Chinese-English bilingual contract bot
The new legal tech platform will promote more open cross-border trade and investment in response to US-China trade friction.
Accounting firms take on Singapore legal market
The world’s biggest accounting companies are getting serious about competing with law firms in the Lion City.
Related Articles by Jurisdiction
Latest Articles
Developments in competition law in Africa
At LEX Africa’s June seminar on developments in competition law in Africa, speakers discussed the increasing trend of governments to try and use competition law as an important part of their industrial policy ...
How the Mental Health Act affects employees
Mental health conditions, which include anxiety and panic disorders, depression, eating disorders, substance abuse and addictions, have become a pervasive issue which permeates our present society ...