Singaporean law firm RHT Taylor Wessing recently announced its intention to merge with PBC Partners in order to expand its oversight of the ASEAN Economic Community. According to the firm, the merger between the two signals the its drive towards a seamless regional legal platform through integrating brand, technology and knowledge across ASEAN and is a major milestone in the regional economic integration agenda in ASEAN, offering opportunities in the form of a market of US$2.6 trillion and over 622 million people.The merger is in line with the AEC Blueprint 2025, which is aimed towards achieving the vision of having an AEC by 2025 that is highly integrated and cohesive with enhanced connectivity and sectoral cooperation and a more resilient, inclusive and people-oriented, community, integrated with the global economy.
Commenting on the launch of the new office, RHTLaw Taylor Wessing’s Managing Partner, Tan Chong Huat noted “The merger signals our commitment to intensify our ASEAN growth strategy via our ‘ASEAN+’ network. What started out as an alliance of like-minded law firms has now grown into a pre-eminent legal firm in Vietnam. Vietnam is one of the fastest growing emerging markets in the world and is poised to play an important role in the ASEAN economy. Our base in Vietnam allows us to actively serve our clients’ business needs across the region, providing on-the-ground counsel to guide them through the legal challenges posed by cross border transactions and operations.”
Azman Jaafar, Deputy Managing Partner of RHTLaw Taylor Wessing and Chairman of the ASEAN+ group, added “Launching a new office in Vietnam is part of the series of the strategic growth initiatives we have planned to bolster our presence across ASEAN. In addition to the considerable business opportunities present in Vietnam, the country also serves as a gateway to the Indochina region, potentially opening up avenues for us to service clients in the promising Laos, Cambodian and Myanmar markets.”
RHTLaw Taylor Wessing Vietnam will be led by Tran Thanh Hai as Managing Partner and Benjamin Yap as Senior Partner. Hai stated “I am indeed excited by RHT’s model of combining strong local knowledge with international expertise. Our partnership will allow us to leverage the brand, platform and technology of RHTLaw Taylor Wessing and transform ourselves into a regional and global player. We look forward to working with the Singapore team to build a market-leading office in Ho Chih Minh City and Hanoi”, Hai remarked.
Related Articles by Firm
Foreign Banks Allowed to Operate in Myanmar
After more than 50 years of banning, the Central Bank of Myanmar has issued the first final licenses allowing four foreign banks to operate in Myanmar.
Tanzanian Draft National Energy Policy of 2015
Highlights on the ongoing and upcoming industry developments with focus on the transition of the energy sector since the introduction of the Big Results Now! campaign
Mineral Rights Available in Tanzania
Overview of the mineral rights available in Tanzania, with specific focus on the various categories of mineral rights
The Legal Framework of the Aviation Sector in Tanzania
As attention turns to Tanzania’s trade and energy opportunities, the spotlight has fallen upon the nation’s infrastructure. This update focuses on the capabilities and issues of the Tanzanian aviation sector.
Oil price volatility - Offshore oil storage
Are there any legal concerns with tankers being used for floating storage?
Oil price volatility - risks and opportunities in 2015
While many companies can weather the oil price slide and volatility, some industry players face a real risk of insolvency.
India: Union Budget 2015
A bullet-point overview of changes in Direct Tax, Indirect Tax and Goods and Service Tax in India in light of Finance Minister Arun Jaitley’s first full-year Budget…
Prohibition against transfer of personal data outside Hong Kong
Section 33 of the Personal Data (Privacy) Ordinance (PDPO) prohibits the transfer of personal data to places outside Hong Kong, except in circumstances specified in the PDPO.
Security of payment under FIDIC contracts: more secure, for now
The High Court of Singapore recently handed down an important judgment in relation to the enforceability of Dispute Adjudication Board (DAB) decisions under the FIDIC forms of contract.
Insurance Laws (Amendment) Bill passed as Ordinance in India
The long-awaited Insurance Laws (Amendment) Bill has become a provisional law in India. The Bill amends the Insurance Act (1938), the General Insurance Business (Naturalisation) Act (1972), and the Insurance Regulatory and Development Act (1999).
SICC: now open for business
On Monday 5 January 2015, the Singapore International Commercial Court ("SICC") was officially opened...
Myanmar insurance update
Clyde & Co partner Michael Horn recently visited Myanmar's commercial capital Yangon and reports on the current state of the insurance market...
Launch of the online mining cadastre transactional portal
Plus, a summary of the key mineral rights available in Tanzania; and, a look at the manner in which mineral rights can be transferred.
Restrictions imposed on holders of mineral rights
This briefing looks at some of the restrictions imposed on holders of mineral rights in Tanzania by the Mining Act 2010
Draft local content policy for the oil & gas industry in Tanzania
The first draft of the long-awaited local content policy for the oil & gas industry in Tanzania has now been published by the Ministry of Energy and Minerals ...
Tanzania: Revocation of mining licences
The Tanzanian government recently announced the cancellation of a total of 174 mining licences. This mining update examines the key continuing obligations imposed by the Mining Act upon mining licence holders.
Mining Development Agreements
In this month’s mining brieﬁng we look at Mining Development Agreements (MDAs) and the role that they play in the mining sector in Tanzania.
The Tanzanian railway system: current legal framework
The railway system of mainland Tanzania has a total track length of 3,676 kilometers (km) with two separate networks, run by two separate organisations ...
Nominations open for In-House Community Counsels of the Year Awards 2020
The In-House Community is now canvassing nominations for our fourth Counsels of the Year Awards ...
EY poaches LOD’s John Knox
The Lawyers on Demand co-founder joins as Asia-Pacific legal managed services leader.
Singapore firms merge to create PK Wong & Nair
Boutique dispute resolution and insolvency practice Nair & Co has merged with mid-sized firm PK Wong & Associates.
Related Articles by Jurisdiction
A Lawyer’s Future is Looking Sharp with Electronic Hearings
The benefits of running an efficient collection and forensic process extends all the way to the hearings room ...
Reminder – Requirement in the OSS System for companies to adjust their Business Classification Code
This joint notice requires limited liability companies to adjust their purpose and objectives.
Slightly more clarity: Economic Substance Regulations in the DIFC
The new guidance is helpful for businesses in the DIFC, but significant questions still remain.
Requirement to use the Indonesian language is regulated further
Indonesia has finally issued an implementing regulation of the Language Law.