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Asia Business Law Journal – July/August 2025

Volume 10, Issue 1

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Highlights:

Transformations and transitions

Venturing into new territories

Across the spectrum from private practice to in-house, lawyers in Asia are finding themselves willingly and unwillingly breaking away from conventional ways of thinking and doing things. For some, departing from familiar territory means reaching the pinnacle of their career, which also involves starting from scratch.

Our Cover story, Danantara dreaming, talks about how former Assegaf Hamzah & Partners’ managing partner Bono Adji, a legal veteran with more than two decades of experience, is now tasked with kick-starting Indonesia’s new sovereign wealth fund, Danantara. Bono’s appointment as a managing director of legal for the investment arm of Indonesia’s new state-run investment agency has been a pinnacle of his career, but it has also been a major challenge for him and his legal team.

In an in-depth interview, Bono shares insights into his responsibilities and priorities at the helm of legal affairs for Danantara’s investment holding, as well as the goals he has set for his team. He also reflects on his decades-long legal career and the guiding principles that have led him to where he is today.

Our Asia-specific report, titled Data centres: The new boom, looks at how data centres are reshaping the real estate landscape and the pipeline of legal work for lawyers across Asia. From Japan to India, real estate lawyers are responding to a surge in demand for advice on data centre-related transactions from local, regional and global institutional investors. Lawyers accustomed to traditional property investments are now increasingly being called on to help clients navigate complex, evolving regulations governing data centres as a new alternative asset class.

This issue’s Intelligence report, titled Time for a refit, examines how technology and tighter budgets are reshaping the relationship between in-house counsel and external law firms across Asia. Routine tasks are increasingly handled internally, while external advisers are expected to deliver not just legal expertise but strategic foresight, responsiveness and business acumen. As in-house teams adopt AI and legaltech, law firms are valued less for execution and more for risk management and strategic insight. Across Asia, general counsel agree: The future lies in reshaping partnerships to meet new demands.

In a special News feature, we present insights from Lorenza Ferrari Hofer, president of the International Association for the Protection of Intellectual Property (AIPPI), on key topics of AI and copyright at this year’s AIPPI World Congress in Yokohama, from 13 to 16 September, marking a return to Japan since its last event in Tokyo in 1992.

We also present our Korea Outbound Investment Guide, featuring expert legal insights to help Korean companies in different industries structure their investments and comply with key rules and regulations in various countries.

Our Regional guides offer an in-depth study of critical developments in areas such as arbitration, patents, TMT and employment, all of which are integral to business strategy across Asia. Experts delve into arbitration regimes in eight jurisdictions, looking at various aspects including the enforcement and recognition of arbitral awards. We also examine key regulatory moves advancing the TMT space in Asia, from AI-generated content protection in Taiwan to the modernisation of data transmission and connectivity policies under the Philippines’ newly enacted Konektadong Pinoy Act.

This issue’s Head to Head series compares legal developments in stablecoins and real estate. Experts review Hong Kong and South Korea’s approaches to the regulatory treatment of stablecoins, focusing on legislative efforts to place the virtual assets under a legal framework. The series also analyses the regulation of real estate activity in Japan and India, including the control of land use and acquisition under Japan’s Important Land Survey Act.

Our Expert briefing series features articles covering: risks and sector-based regulatory hurdles that foreign investors must be aware of when conducting M&A transactions in Indonesia; Taiwan’s wealth and family office laws, with succession planning becoming a pressing priority; and the growth of project finance in Taiwan, propelled by the increase in green energy projects.

In addition, we celebrate the most outstanding legal talent in the Indonesia Law Firm Awards 2025. These awards, based on our rigorous assessments, recognise excellence, innovation and leadership in Indonesia’s legal industry.

Finally, our annual Philippine A-List highlights the top 100 lawyers plus 38 Legal Icons in the Philippines. This list is selected by the independent research team of ABLJ, based on nominations and endorsements from domestic and internal clients, as well as peers worldwide.

In this issue

Malaysia’s top lawyers 2025

Following an extensive nomination process, Asia Business Law Journal unveils its top performers of the country’s legal profession

Wealth and family office laws in Taiwan

By Victor Chang and Annie Liao, LCS & Partners

Succession is now a priority for Taiwan’s family businesses coping with an ageing leadership

Ideas and Innovations in Patent Law

Asia’s patent systems are evolving to balance innovation and local policy

Employment law challenges in Asia

Trends and challenges in employment law

Evolving worker classifications and stricter rules on dismissal highlight the challenges businesses face in navigating labour laws in these jurisdictions

Korean investment in India infrastructure

Korean investment in 含羞草社区 infrastructure

By Kushal Sinha and Dhrupad Pant, Shardul Amarchand Mangaldas & Co

TMT in transition

Advances in technology are reshaping media and telecoms, with regulators in the Philippines

Intellectual property protection in Taiwan

Intellectual property protection in Taiwan

By Patrick Chu and Winona Chen, Lee and Li Attorneys-at-Law
Indonesia Law Firm Awards 2025 V2

Indonesia Law Firm Awards 2025

Asia Business Law Journal names the country’s top law firms

Danantara sovereign wealth fund governance

Danantara dream

Bono Adji has taken on the challenge of building the legal foundations of Danantara, Indonesia’s newest sovereign wealth fund

Time for a refit?

Technology and tighter budgets are reshaping how in-house counsel work with external law firms, shifting routine tasks inside while demanding greater strategic value from advisers.

Structuring investments in Thailand- Legal strategies

Structuring investments in Thailand: Legal strategies

By Tananan Thammakiat, Piyawannee Watanasakolpunt and Nathaorn Yingseree, Chandler Mori Hamada
Indonesia- Strategic destination for Korean investment

Indonesia: Strategic destination for Korean investment

By Fahrul S Yusuf, EY Law Indonesia
Two key issues for doing business in Taiwan

Two key issues for doing business in Taiwan

By Patrick Chu, Matt Lai and Eugene Chung, Lee and Li Attorneys-at-Law in Taipei

Comparison of laws regarding stablecoins

As stablecoins reshape global finance, regulators are developing different legal approaches

Philippines Top Lawyers 2025

The Philippines top lawyers 2025

Following an extensive nomination process, Asia Business Law Journal unveils its top performers of the country’s legal profession

Enforcing Arbitration Awards British Virgin Islands

Enforcing arbitration awards in British Virgin Islands

By Edmond Fung, Loeb Smith Attorneys

Korea outbound investment guide 2025

Korean investors looking further afield will find risk and reward in key destinations. Our experts bring you up to speed and well prepared for the outward journey

Project finance shift in Taiwan

Taiwan’s project finance shift

By Sarah Wu and Odin Hsu, Lee and Li

A comparison of laws concerning real estate

Foreign investment in Asia’s real estate is surging, but navigating diverse regulations is essential to avoid costly missteps

Legal Developments Arbitration

Legal developments in arbitration

Across eight key jurisdictions, supportive courts and evolving legal regimes are reinforcing arbitration as a trusted forum for resolving disputes

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