Ant Group dual-listing suspended following new micro-lending rules draft; new draft rules for financial holding companies' leadership; and national carbon emission trading scheme draft measures published
Established in 2014, the New Development Bank was set up by China and the four other BRICS countries (Brazil, Russia, India and South Africa) to finance infrastructure and sustainable development projects in the BRICS and other emerging economies. As of July 2020, the NDB has approved loans of $18.6 billion. Abhimanyu Ghosh, Senior Counsel at the NDB based in the bank's headquarters in Shanghai, discusses his role at the bank, the bank's rapid response to COVID-19, setting environmental and social terms for their loans, as well as how working for a multilateral development bank is different from working for a law firm. The in-house legal team at the NDB was the winner of the In-House Team of the Year International at the recent 2020 China Law and Practice Awards.
Myra Gao, head of legal at Danfoss China, has played a critical role in helping her company navigate a turbulent business and investment landscape over the last year. Worsening U.S.-China relations and the COVID-19 pandemic have thrown up difficult challenges for companies in China from supply chain issues to data privacy. In this interview, the winner of the General Counsel of the Year International at China Law and Practice Awards 2020 shares insights into how she helped steer her company through these unprecedented challenges to the point of even forecasting growth this year.
