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  • South Korea With every month that goes by a new firm seems to register its interest in launching in South Korea. March was no exception, with SQUIRE SANDERS joining a host of UK and US firms looking for office space in Seoul. The UK-US firm, which recently rebranded, is planning on relocating partners Joon Yong Kim and Edward Kim to head up the new operation.
  • Market participants in Myanmar are querying the validity of an alleged new draft of Myanmar's foreign investment law, obtained and leaked by Reuters on March 16, and have branded the significance of the proposed changes as over-hyped.
  • The IFLR Asia awards saw 200 in-house counsel and private practitioners gather at Hong Kong’s Island Shangri-La Hotel on February 23 to watch Linklaters awarded international law firm of the year. William Hay of Barings Private Equity was awarded outstanding in-house contribution, Apra’s John Laker won te regulatory contribution award and David Webb picked up the contribution to market reform prize.
  • UK A theme in London in the last six months has been the steady trickle of partners down from the magic circle to other players in the market. Where this has been seen most clearly is at LINKLATERS, with the firm's continuing partner restructuring cited as a possible factor.
  • The UK based holiday provider, Center Parcs, has revealed a first-of-its-kind financing package that enables it to repay its existing debt while also raising funds for expansion and growth.
  • Following the release of the EC's shadow banking green paper, lawyers are concerned about how regulators are going to be internationally consistent in their oversight of the industry.
  • Amendments to Germany's bankruptcy code, introduced on March 1, are expected to create an insolvency culture that encourages reorganisation rather than liquidation.
  • The International Finance Corporation's (IFC) subscription on March 5 to a warrant issuance by China waste-to-energy (WTE) projects company, C&G Environmental Protection Holding will bolster its involvement in the country's nascent renewable energy sector.
  • Crucial AIJ information fell through the cracks Japan's investment management sector expects more scandals to emerge as regulatory scrutiny of the country's domestic fund managers intensifies.
  • It's not often New York is criticised for its conservatism. But it's difficult to side with the New York State Bar Association (NYSBA) in its battle with the American Bar Association (ABA) over law firm ownership.