Navigating Geopolitical Risks: Lawyers Guide Clients Through Uncertainty
In an era marked by heightened geopolitical tensions and economic volatility, lawyers across Asia have found themselves on the frontlines, advising clients on navigating complex risks and uncertainties. Amid shocks like the COVID-19 pandemic and Russia's invasion of Ukraine, law practices have witnessed a shift in demand, with a decline in lucrative corporate work as investors and business leaders adopt a more cautious stance.
Stepping into this void are legal professionals like Benjamin Kostrzewa of Hogan Lovells and Makoto Ohnuma of Nagashima Ohno & Tsunematsu, who have carved out specialized "economic security" practices. Their expertise lies in helping clients navigate the intricate web of risks, from China's data privacy laws to the challenges of maintaining operations in high-risk countries.
Kostrzewa, described as the "calm voice in the room," has emerged as a trusted advisor for multinational companies seeking to adapt their operations and contingency plans amidst the evolving business landscape. His expertise spans sanctions, export controls, and crisis management, proving invaluable as clients grapple with heightened regulatory environments and escalating U.S.-China tensions.
On the other side of the Pacific, Nagashima Ohno's global practice covers the Americas, including the United States, as well as Asia and Oceania, including China, and Europe. Their lawyers are advising clients on issues related to foreign investment control, investment treaty arbitration, and compliance with evolving regulations, particularly in the context of the Russia-Ukraine conflict.
Legal Experts as Strategic Advisors in Turbulent Times
As tensions escalate between the U.S., China, and other powers, these lawyers anticipate an increased demand for their expertise in the Asia-Pacific region. With geopolitical risks casting a long shadow over global commerce, their role as strategic advisors has become more critical than ever.
While the landscape remains fraught with uncertainty, one thing is clear: businesses operating in Asia are turning to legal experts like Kostrzewa and Ohnuma for guidance in navigating the treacherous waters of geopolitical storms. Their ability to anticipate risks, interpret complex regulations, and craft contingency plans could prove invaluable in safeguarding their clients' interests in an increasingly volatile world.
In this climate of heightened fears and economic insecurity, the legal community in Asia is stepping up, offering a steady hand and a wealth of expertise to help businesses chart a course through turbulent times. As the global power dynamics continue to shift, these lawyers' insights and counsel will undoubtedly remain in high demand, ensuring their clients can adapt and thrive in the face of mounting challenges.