Time to make hay?
We are nearing the half-year mark of 2020, a portentous year. Much time, money and effort has been spent in the first six months in steadying the ship. Governments and legislators across the world have been in overdrive, issuing new regulations and laws to help mitigate the effects of covid-19.
The flurry of legislation and regulation has put legal teams at the centre of their companies’ fight against the pandemic. The roles of general counsel and in-house legal teams have never been more important for almost all businesses across every jurisdiction, and the challenges have never been greater. It is now the legal counsel’s time to rise and prove their worth.
Our Cover story features a carefully assembled panel of in-house counsel from China, India, Japan, South Korea, Singapore, Indonesia, Malaysia and the Philippines, discussing and debating the road ahead for Asian businesses as companies prepare for a “new normal”, which is likely to be “an accordion of lockdown and non-lockdown measures”. Our panellists participated in a closed-door virtual forum and shared their insights and philosophies on issues domestic and across borders that will affect the legal sector and business through and past when clearer skies prevail. The story features edited highlights of the online conversation.
As Dessi Berhane Silassie, the president of Singapore Corporate Counsel Association and APAC general counsel for IHS Markit, reminds us: “Now is the right time for us to look back, see what worked, what didn’t work. Tighten up our tool kits, our policies around that period, to ensure that it is ready to be tested again and again and again for future disruption, whether it’s covid-19-related or otherwise.”
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