Hong Kong Latest Updates Global economic weather 4th May 2016The economic news has been so disappointing for so long that even the trickle of good news seen over the last few weeks is emerging as the strongest run for almost a year. But, as the chart shows ... The beginning of the end for mass distributionIncreased regulatory pressure is making the traditional mass agency distribution model less attractive for agents and insurers, leading to a drastic change in distribution channels for consumer policies. Hong Kong Articles and Reports The shape of things to comeMelinda Finch considers what 2007, the year of the pig, holds in store for in-house counsel, private practice lawyers and their firms in the region. Where will the areas of opportunity be and what challenges can they expect to face? Employment Special ReportThroughout Asia, 2007 may be remembered as a year of significant labour law reform. While amendments may be symptomatic of the strength of the region’s economy as a whole, the changes are unique to the realities of the nations who have enacted them. Restructuring & InsolvencyIn the aftermath of September’s unprecedented financial collapses, the buzz surrounding restructuring and insolvency is at its hottest since the IMF crisis. As practitioners speculate on the direction and manner of R&Is set to hit the region, the Restructuring & Insolvency Special Report takes a look at the rescue regimes of Hong Kong and the PRC and discusses the features and shortcomings of each jurisdiction. Alternative Dispute ResolutionThis month in Asian-Counsel, our most comprehensive survey of ADR across Asia to date, with contributions from leading practitioners in four jurisdictions. In the current economic climate, avoiding lengthy and costly legal proceedings is as important as ever . . . A labour of loveAs legal recruiter Hughes-Castell celebrates 25 years in the business, we speak to managing director Doreen Jaeger-Soong about how the industry has evolved and her recent buyback of the operation from Dutch firm Randstad Hong Kong In-House Insights Putting teeth into compliance programmesStan Lui, General Counsel APAC of Nobel Biocare, tells ASIAN-MENA COUNSEL about his unique teaching methods, as well as alerting us to the kind of problems the future may hold and offering his own personal solutions. A ‘Bittersweet Symphony’Leaving behind a long-standing career as a private practitioner, James Jamison, moved in-house and joined Deloitte as General Counsel in 2011. Taking up the role against the background of a rapidly changing regulatory landscape which has seen China assert its national sovereignty in response to demands from US regulators, he describes his entry in-house as a ‘baptism of fire.’ 18 months in, his quest continues. He strives to find workable solutions and manage delicate situations with level-headedness and diplomacy with the help of a supportive legal network. Here Jamison tells us more about his day to day at one of the Big 4 accounting firms. The road aheadVivian Mak, Director and Head of Litigation, Asia Pacific for The Royal Bank of Scotland reveals to us how the tapestry of a litigator’s life has changed in the banking industry in the last two years and how she expects it will develop in the near future. Earnest about the need to stay relevant and positive in the current environment, Mak is quick to advise that a career in-house is not
for everyone. A Yahoo! search successStephen Man, VP and Regional General Counsel Asia Pacific at Yahoo! candidly talks to Asian-mena Counsel about his transition from private practitioner to in-house counsel. Now helming the legal team at one of the biggest names in the IT industry, he takes us through a day in his life in the legal hot-seat in Hong Kong. Between a demanding role and two little ones at home – he appears to have tackled the mythical work-life balance that still eludes many. Breaking new groundAfter 35 years with GE, Stephen Maloy, General Counsel Asia Pacific, talks about turning challenges into opportunities, the importance of diversity in a multinational organisation, and the qualities GE looks for in external counsel.
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