| Beijing Tong Ren Tang Chinese Medicine Company
| China Orient Asset Management (International) Holdings
| China Overseas Land and Investments
| Shanghai Pudong Development Bank, Hong Kong Branch
| The Hong Kong and China Gas Company Limited (Towngas)
On behalf of The Legal 500, it is our distinct pleasure to present the GC Powerlist: Hong Kong Teams 2023, marking a triumphant return after a pandemic-induced hiatus. In this inaugural edition, we are honored to shine a spotlight on some of Hong Kong’s most exceptional in-house legal teams. These teams stand as an example of legal prowess, having harnessed their legal acumen strategically to propel their organisations toward success.
The past year has unfolded as a dynamic and eventful period for Hong Kong’s in-house counsel. They have faced a myriad of new challenges, navigating the ever-shifting landscape of an increasingly demanding business environment. Foremost among these challenges has been the unwavering commitment to ensure compliance with an ever-expanding array of regulations. At the same time, the proactive implementation of Environmental, Social, and Governance (ESG) principles and Diversity & Inclusion (D&I) initiatives has introduced new complexities and responsibilities within these departments.
Amidst these formidable challenges, Hong Kong’s in-house counsel have continually displayed unwavering dedication and a commitment to excellence. They have been instrumental in facilitating some of the most substantial transactions that have graced the country’s recent history. Their reputation for innovation and excellence within the sphere of in-house legal affairs has remained steadfast, serving as a testament to their profound dedication and unmatched legal expertise. Furthermore, they have consistently played pivotal roles in dispute resolution, deftly liaising with external counsel and meticulously assessing potential risks. These skills have made them indispensable assets in safeguarding their companies’ interests.
The GC Powerlist: Hong Kong Teams 2023 is compilation that clearly reflects the resilience, adaptability and dedication of Hong Kong’s in-house counsel towards continuous growth and development in the face of global healthcare crises, rapidly developing technology, stringent ESG requirements, and necessary DE&I initiatives, while acting as true business partners by championing the use of dispute resolution. On the importance of an applicable dispute resolution stragey, China Orient Legal Department eloquently states:
“Our strategies, while protecting the company’s growth and interests, also consider the majority concern of all parties, emphasising early negotiations and settlements… This preparation enables us to construct an evidence chain, devise initial strategies, and minimise potential losses; we utilise legal and non-legal tools to develop effective response plans that uphold the company’s rights and interests.”
This stance is echoed by many others, along with the view that the creation of a dispute resolution strategy should include contributions from other departments for a more robust result.
In response to an ever-increasing need for actionable and effective ESG initiatives, general counsel in Hong Kong have leveraged their role in addressing this need, primarily by ensuring compliance with constantly developing ESG requirements. The legal team at COSCO Shipping Ports “proactively conducts in-depth analyses to grasp the new ESG requirements in regions where the company operates and proposes compliance initiatives to meet the ever-growing expectations and regulations surrounding ESG disclosures.”
Finally, in an era of increased focus on representation, in-house counsel have taken steps to ensure true inclusivity, creating teams that are more reflective of the diversity of society. BNP Paribas, for example, has a Diversity, Equity & Inclusion Committee that “actively promotes the creation of an inclusive working environment in which diversity is celebrated for all concerned, and the team has partnered with external organisations to generate internship opportunities for the benefit of candidates from ethnic minority backgrounds or who have physical disabilities.”
Hong Kong’s legal landscape will undoubtedly continue to grow and flourish. The GC Powerlist: Hong Kong Teams 2023 is a tribute to the impressive competence of these elite professionals at navigating this environment, expanding their roles to true business partners. Hence, it is easy to believe that these inspiring teams will continue to positively impact the legal environment, given their impressive resilience, adaptability, readiness to learn and innovative abilities.
Sara Maggi| Deputy Editor The Legal 500 GC Powerlist Series
Funke Olufon| Research Analyst The Legal 500 GC Powerlist Series
The Legal 500 returned to Tokyo for a timely and extremely informative roundtable discussion alongside Jones Day on the future impact of carbon markets on the drive towards net zero in Asia and Japan. Tokyo-based Jones Day lawyers Ming-Yee Lin and Lukas Kratochvil were joined by the specialists who had flown in for the occasion: Paul Greening from the Singapore office, Dickson Chin of New York and Dan Howard of Jones Day’s Brisbane offices. From the in-house legal side, we were delighted to welcome 20 of Tokyo’s top counsel, including those representing large multinational companies and Sogo Shosha, major Japanese-headquartered conglomerates.
Paul Greening and Dan Howard opened proceedings by giving a run down on different carbon market structures around APAC, highlighting which approaches have already come into force and which may be on the horizon in the future which could affect the Japanese market. Throughout, the point was emphasised that companies in Japan will be dealing with further regulation on their carbon emissions over time as the push towards cast-iron sustainability goals intensifies.
Lin and Kratochvil gave their perspective on the ground in Tokyo as to how their client base is reacting to sustainability measures and how their expertise can allow businesses to find creative solutions to issues they have encountered when enacting strategy.
Dickson Chin drove the conversation home with a comprehensive global rundown of how carbon markets have developed in both the United States and Europe. Managing to provide both a detailed instruction on sophisticated financial instruments and practical strategies for deals, this section of the conversation was particularly remarked upon by those in attendance.
Networking and Q&A followed, with everyone in attendance being presented with an extensive information pack for them to refer to when explaining concepts to their business leaders.
The Legal 500 is delighted that we were able to have such an esteemed group of attendees at this hugely informative roundtable. We look forward to many more events in Tokyo in the future.
