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
Statutory Registration of Standard Terms and Conditions in Tanzania
All companies doing business in Tanzania should know the salient points of the Standard Form (Consumer Contracts) Regulations 2014 which takes effect on 29 December 2015.
Tanzania Bill Establishing the Petroleum Act 2015
Tanzania's proposed Petroleum Act 2015 introduces key changes to the Petroleum Exploration and Production Act 1980 and the Petroleum Act 2008.
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
Benchmarking the in-house team’s evolution
Lawyers are increasingly expected to be much more actively involved in risk management, technology, strategy and project management.
Berwin Leighton Paisner and Bryan Cave in talks to merge
The two firms have confirmed they are in discussions about combining to create a new, fully integrated, global law firm ...
Latest legal developments in the upcoming China crude oil futures — Analysis from an offshore perspective
The medium sour crude oil contract, soon launching on the Shanghai International Energy Exchange, will be the first Chinese commodity futures contract accessible to foreign investors ...
Related Articles by Jurisdiction
Latest Articles
UAE VAT Executive Regulation Update: Free Zone Guidance
The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law ...
Canada: Intellectual Property Bulletin
The New Patented Medicines (Notice of Compliance) Regulations and Certificate of Supplementary Protection Regulations ...
Asset searches in the digital age
Social media and other technology are changing the way asset searches are conducted in a dispute ...