We’re not a 100% sure that the creation of 3 new award categories is simply down to the “size and frequency of deals being made between China and its Asian neighbours”. We presume there must be some financial incentive as well.
ALB report about their own 2010 Asia Legal Awards
The ALB China Law Awards 2010 is introducing three new categories ? Japanese Law Firm of the Year, Korean Law Firm of the Year and Singapore Law Firm of the Year ? this year in recognition of the growing intra-Asia market.
The growing size and frequency of deals being made between China and its Asian neighbours has triggered the need for the new categories. ?We can expect increased trade between Asian jurisdictions with the growth of Asia an as economic hub. The increase in the volume of transactions within Asia makes the new categories essential,? said Chan Hock Keng, head of China commercial & corporate practice at Singapore firm WongPartnership.
For seven years, the ALB China Law Awards has recognised and rewarded the excellence of China?s leading law firms as well as top deals and dealmakers. Every year, the Awards attracts around 300 of China?s pre-eminent in-house and private-practice lawyers, as well as business leaders and investment bankers.
For more information on nominating for, sponsoring or attending the Awards. Please visit www.albawards.com
http://asia.legalbusinessonline.com/news/breaking-news/alb-china-law-awards-2010-new-categories-reflect-market/39970
