January 13, 2014 | Law.com
Second City ShanghaiDespite its reputation as China's New York, Shanghai still doesn't compare as a financial—or legal—center. Not to New York, not to Hong Kong, not even to Beijing. A Shanghai office has become dispensable to some international law firms, and Beijing-based firms increasingly dominate the domestic profession. Could policy shifts, including the unveiling of a new Free Trade Zone, start to help Shanghai live up to its amazing skyline?
By Anthony Lin
16 minute read
December 16, 2013 | The American Lawyer
Editor's NoteLike many of our readers, The Asian Lawyer will be taking a bit of a break over the holidays.
By Anthony Lin
1 minute read
December 09, 2013 | Law.com
Will Singapore Immigration Politics Impact Law Firms?Foreign lawyers say they are concerned that a populist outcry against further immigration into the island nation may eventually affect the global profession, starting with those firms now applying to renew their Qualifying Foreign Law Practice licenses.
By Anthony Lin
7 minute read
November 01, 2013 | The American Lawyer
Gadens Ordered to Pay Tax Client $5 MillionAn Australian court had ruled in July that the Sydney law firm provided negligent tax advice to John Symond, the founder of Australian mortgage lender Aussie Home Loans.
By Anthony Lin
2 minute read
September 13, 2013 | Law.com
Rehearing Ordered Over HK Judge's Counsel CriticismsA Hong Kong appellate panel said High Court Justice Anthony To gave the appearance of bias in attacking defense counsel's professional integrity.
By Anthony Lin
3 minute read
June 17, 2008 | Law.com
Milberg Agrees to Pay $75 Million in Settlement Over Kickback SchemeFederal prosecutors today reached a settlement with the Milberg law firm, four of whose former name partners pleaded guilty in the past year to criminal charges relating to the payment of kickbacks to individual plaintiffs in shareholder cases. The deal calls for the firm to pay $75 million in fines in exchange for the dropping of criminal charges. In a statement of facts accompanying the settlement agreement, Milberg admitted earning around $239 million in legal fees on cases where plaintiffs were paid.
By Anthony Lin
29 minute read
May 28, 2008 | Law.com
Study Claims Milberg Weiss Scheme Hurt ShareholdersAs Melvyn I. Weiss awaits sentencing for his role in the payment of kickbacks to named plaintiffs in shareholder suits, a conservative think tank is set to release a study purporting to show that the scheme injured shareholders. The American Enterprise Institute Legal Center is releasing today an article by a law professor that takes on the argument that the kickbacks constituted a victimless crime because the payments came out of legal fees and named plaintiffs had incentive to maximize class recoveries.
By Anthony Lin
7 minute read
March 21, 2008 | Law.com
Melvyn Weiss Agrees to Plead Guilty to Role in Kickback SchemeFamed securities class action lawyer Melvyn I. Weiss agreed Thursday to plead guilty to a federal racketeering charge over his participation in a scheme to pay kickbacks to lead plaintiffs in shareholder suits. The agreement recommends a sentence of between 18 and 33 months in prison. He also agreed to pay $10 million in fines and forfeited fees. Coincidentally, a court ruled Thursday to disbar Steven Schulman, a former name partner of Weiss' old firm, which anounced it's changing its name to Milberg.
By Anthony Lin
25 minute read
May 06, 2012 | The American Lawyer
Cadwalader Adds Jones Day Capital Markets Team in Hong KongJones Day's Asia capital markets practice head Jeffrey Maddox and his partners Joseph Lee and David Neuville are moving to the Hong Kong office of New York-based Cadwalader, Wickersham & Taft.
By Anthony Lin
3 minute read
August 08, 2007 | National Law Journal
2d Cir. says process for challenging union fee is invalidThe 2nd Circuit has ruled that a union at a public university is violating employees' First Amendment rights by requiring them to affirmatively object on a yearly basis to paying certain union fees. The circuit court found that the public-sector union's requirement for annual objections was not narrowly drawn to avoid restricting First Amendment rights, and that the the union had provided no reason why continuing objections could not be permitted.
By Anthony Lin
3 minute read
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