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The Korean Fair Trade Commission: an antitrust watchdog to watch
23 May 2013
Publication
The Korean Fair Trade Commission chairman ("KFTC"), has presented its 2013 agenda, which prioritises the reform of large conglomerates, increasing competition opportunities and fairness for small businesses, eradicating cartel practices and creating...
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Asian bank resolution regimes
21 May 2013
Publication
Clifford Chance, in conjunction with the Asia Securities Industry & Financial Markets Association (ASIFMA), has conducted a survey of eight key Asian jurisdictions to obtain an overview of the insolvency regimes and resolution powers available in relation...
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The Asia Pacific Top Ten FCPA Enforcement Actions of 2012
24 January 2013
Publication
The Asia Pacific region remained a hotspot for US anti-corruption enforcement authorities in 2012. Six of the twelve corporate Foreign Corrupt Practices Act (FCPA) settlement agreements in the past year involved business operations in that region. In addition...
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Asia Pacific Anti-Corruption Rankings for 2012
19 December 2012
Publication
Transparency International’s recently released Corruption Perceptions Index 2012 reveals important new data for companies operating in Asia Pacific. There is some improvement and some backsliding amongst the countries reviewed, but with only one exception,...
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Ten Hallmarks of Effective Compliance Programs for Asia Pacific Companies
13 December 2012
Publication
Designing a corporate anti-corruption compliance program for companies operating in Asia Pacific sometimes feels like trying to fit a round hole around a square peg. No amount of pounding will smooth the edges off a thousand years of guanxi.
Fortunately, perhaps...
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Clifford Chance advises on four Korean Capital Market transactions totalling US$2.35 billion
1 November 2012
News
Leading international law firm Clifford Chance has advised on three Global Medium Term Note (GMTN) issuances totalling US$1.95 billion and SK Telecom's US$400 million block trade of Posco shares over the past two months.
On the first GMTN transaction, Clifford...
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Clifford Chance approved to open in Republic of Korea
16 July 2012
News
Leading international law firm Clifford Chance is one of the first foreign law firms to obtain approval to open an office in Seoul, Republic of Korea. The country's Ministry of Justice approved the application today. The firm's licence to practise is still subject...
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Tone deaf at the top: encouraging top-down compliance in Asia Pacific companies
13 July 2012
Publication
Not infrequently, our introduction of the concept of "Tone from the Top" commitment to compliance has been met with open-mouthed astonishment and, in some cases, suspicion or even rejection by Asia Pacific managers and C-Suite executives. Management...
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Asian asset management moves into new markets and products: Industry survey reveals changing sentiments
13 July 2012
Publication
In a recently released survey of asset management professionals conducted by Clifford Chance and AsianInvestor, three key themes emerged. Asian investors are diversifying away from equities, the marked decline of Europe as a source of assets and as an investment...
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Clifford Chance achieves major milestone in establishing South Korean office
7 May 2012
News
Leading international law firm Clifford Chance has announced that counsel Brian Cassidy has received preliminary approval today as a Foreign Legal Consultant from the Republic of Korea's Ministry of Justice, marking significant progress in the firm's application...