insurance in asia - dla piper/media/files/insights/... · 2014. 1. 11. · we have people who speak...

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INSURANCE IN ASIA An overview of our practice INTRODUCTION Insurance and reinsurance in Asia is a highly competitive business. The structure of markets in this region coupled with the political, regulatory and cultural nuances that make these markets unique, mean our lawyers must be able to provide practical and commercial solutions to the many challenges our clients face on a daily basis, as well as handle the more complex issues which arise less frequently. DLA Piper’s Insurance Group in Asia offers a team of lawyers with the requisite experience to support the issues faced by life and non-life insurance organisations.

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Page 1: inSURanCe in aSia - DLA Piper/media/files/insights/... · 2014. 1. 11. · we have people who speak local languages and dialects throughout Asia. aBoUT DLa PiPeR DLA Piper is one

inSURanCe in aSiaAn overview of our practice

inTRoDUCTion

Insurance and reinsurance in Asia is a highly competitive business. The structure of markets in this region coupled with the political, regulatory and cultural nuances that make these markets unique, mean our lawyers must be able to provide practical and commercial solutions to the many challenges our clients face on a daily basis, as well as handle the more complex issues which arise less frequently.

DLA Piper’s Insurance Group in Asia offers a team of lawyers with the requisite experience to support the issues faced by life and non-life insurance organisations.

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oUR aPPRoaCh

DLA Piper’s Insurance Group in Asia provides business solutions to leading insurers, reinsurers, brokers, agents, third party administrators, adjusters and intermediaries that provide services to insurance businesses.

Our Insurance Group is multi-disciplinary, comprising representatives from across our firm who all have experience serving the different needs of our insurance clients, from corporate to intellectual property to regulatory and litigation issues and more.

We forge close working relationships with each of our clients, enabling us to develop a thorough knowledge of their business and particular business issues. We seek to develop a trusting relationship helping to ensure that our clients’ objectives are achieved speedily, effectively and with no surprises.

Our approach to client management ensures clients receive information, service and access to appropriate resources in a co-ordinated and seamless manner, whether on a local, regional or global basis.

Clients are supported through our offices in Bangkok, Beijing, Hong Kong, Shanghai, Singapore and Tokyo. Our Insurance Group reaches across Asia Pacific and is supported by a global office network in the United Kingdom, Europe, the Middle East and the United States.

oUR eXPeRTiSe

We advise our clients in the insurance sector in the following areas:

Regulatory and commercial insurance

Insurance licensing ■

Product development ■

Bancassurance/insurance ■

distribution

Cross-border insurance ■

Insurance agency and broking ■

arrangements

Business transfer/restructuring ■

Regulatory investigations ■

Corporate/M&A

Share and asset acquisitions ■

and disposals

Shareholder and investor rights ■

agreements

Corporate governance structures ■

Commercial contracts and licensing ■

Intellectual Property/IT

Data privacy and outsourcing ■

Internet related issues ■

Corporate compliance ■

Bribery, corruption and fraud ■

Compliance risk assessments ■

Competition ■

Insurance in Asia Overview

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Litigation/dispute resolution

Insurance claims handling and ■

coverage advice

Accountants’, financial institutions’ ■

and directors’ liability defence counsel appointments

Commercial litigation/arbitration ■

Real estate

Sale, purchase and financing ■

of properties

Leasing and licensing of premises ■

Applications for grant of probate ■

and distribution of estate assets

Funds/asset management

Establishment of investment ■

linked assurance schemes

Establishment of retail and ■

authorised funds

MPF and other investment structures ■

SFC licensing requirements ■

Private equity investments ■

Employment, compensation and benefits

Employment contracts, ■

termination and discrimination

Immigration and work visas ■

Employment incentive schemes ■

Why DLa PiPeR?

Our ■ ranking as a leading law firm (Hong Kong) in the area of insurance, and recognition of our insurance lawyers in DLA Piper’s offices throughout Asia by Chambers Asia 2010 and Asia Pacific Legal 500 (2010/2011).

Our ■ global footprint means local delivery supported by access to a global knowledge base underpinned by extensive experience and a thorough understanding of the insurance sector.

Our ■ industry specialists mean we understand the insurance sector and the issues our clients face – members of our Insurance Group have previously worked in-house for global insurers.

Our cross-office, cross-practice ■

service offering means we are truly a full service business law firm for the insurance sector.

Our ■ combination of local and foreign-trained lawyers provides us with a global perspective on legal issues balanced with local knowledge of the markets our clients operate in.

Our ■ multicultural network means we have people who speak local languages and dialects throughout Asia.

aBoUT DLa PiPeR

DLA Piper is one of the largest global law firms in the world. Globally we have more than 4,000 lawyers based in over 75 offices in more than 25 countries across Asia Pacific, Europe, the Middle East and the Americas.

In addition, the DLA Piper Group, an alliance of independent legal services providers that have exclusive agreements with DLA Piper means that we have a truly global reach. All members share a common vision to provide integrated legal services to clients, locally and globally. The members of DLA Piper Group are located in Egypt, Ghana, New Zealand, South Africa, Sweden, Tanzania and Zambia.

DLa PiPeR aSia

DLA Piper has a well established presence in Asia. We have more than 250 partners and fee earners working in our six offices* in Bangkok, Beijing, Hong Kong, Shanghai, Singapore, Tokyo.

Our lawyers have a wealth of knowledge and understanding of the legislation and administrative systems of Thailand, the People’s Republic of China (the PRC), Hong Kong Special Administrative Region (SAR), Singapore and Japan. In addition, we have developed country practices that focus on Indonesia, Korea and Vietnam and have experience in other jurisdictions within the region, including India, Indonesia, Malaysia, the Philippines and Taiwan.

For more information, please visit us at www.dlapiper.com

www.dlapiper.com

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Bangkok

Peter ShelfordPartner and Head of Insurance Sector, Asia T +662 686 8533 [email protected]

Beijing

Sammy FangPartner T +8610 6561 1788 ext. 823 [email protected]

Shanghai

Roy ChanPartner T +86 21 3852 2188 [email protected]

SingaPoRe

john gouliosPartner T +65 6512 9517 [email protected]

Tokyo

hajime iwakiPartner T +81 3 4550 2826 [email protected]

hong kong

Will harrisonPartner T +852 2103 0844 [email protected]

heng Loong CheongPartner T +852 2103 0610 [email protected]

joyce ChanPartner T +852 2103 0473 [email protected]

ConTaCT US

For further information about our services, please contact a member of our regional team below:

www.dlapiper.com

This publication is a general overview and discussion of the subjects dealt with and is up to date as at 5 July 2012. It should not be used as a substitute for taking legal advice in any specific situation. DLA Piper or its Insurance group accepts no responsibility for any action taken or not taken in reliance on it.

DLA Piper Singapore Pte. Ltd. is a foreign law practice, which means that we can only provide foreign law legal services and are not in general authorised under Singapore laws and regulations to advise on Singapore Law. Where advice on Singapore Law is required we can recommend a suitable Singaporean law firm to provide the required Singapore legal advice separately.

Please note that as a foreign law firm, and notwithstanding the fact that we have offices in Shanghai and Beijing respectively, DLA Piper uk llp (like all other foreign law firms with offices in the PRC) is not permitted under existing PRC law to advise on the laws of the PRC. In view of this, this publication would, insofar as the laws and regulations of the PRC are concerned, necessarily be based on our own research, experience and the advice of our correspondents in the PRC.

DLA Piper is a global law firm operating through various separate and distinct legal entities. Further details of these entities can be found at www.dlapiper.com | HK switchboard +852 2103 0808 Copyright © 2012 DLA Piper. All rights reserved. | JUL12 | 4493

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