Lawyers in Hong Kong expect private equity deals in south-east Asia to become increasingly difficult to implement. Enforcement of the US Foreign Corrupt Practices Act (FCPA) is a primary reason for this.
Growing political and economic stability in Indonesia, Malaysia, Thailand and Vietnam has led to mounting competition for deals in the region as private equity firms continue to retreat from slowing developed economies, and look to diversify their Asia portfolios.
The resulting influx of capital has led to higher regional asset valuations, and...