Whilst in Hanoi, Niten had the pleasure of presiding over the League’s AGM as well as meeting with members from various European and Asian countries, many of whom work closely with banks including the Czech National Bank and MayBank, the largest financial services institution in Malaysia. In addition, Niten was able to arrange several meetings for members with law firms in Vietnam, many of whom not only work within the banking and financial markets sector but also have the local expertise to help navigate the complex regulatory landscape in Vietnam, including areas such as anti- money laundering, sanctions and securities regulation. As some of these can impact the structuring of financial transactions, Harold Benjamin leverages its international network in order that its clients have access to local expertise from not only a law firm, but a trusted source, in the relevant jurisdiction. In turn, clients are able to adapt to regulatory changes in key financial markets, ensure compliance with each jurisdiction’s specific requirements and minimise the risk of regulatory penalties when undertaking business overseas.
However, Niten’s work did not stop there and having concluded his activities with the League he immediately turned his focus to the 38th Annual LAWASIA Conference, where he was moderating the Asia-Europe Session. This year he had the privilege of giving the key-note speech on International Trade and the impact of Tariffs before inviting his panel of international speakers to present before a packed audience of lawyers and other professionals – including representatives from the UK Law Society; who were there to support the committee. The session proved insightful, with attendees learning the important role that Banks play in international trade and how even a small change in tariffs can have a significant impact on cross-border transactions and financial instrument. In addition to highlighting the impact on global commerce a particular emphasis was placed on the importance of using lawyers with local expertise; who can not only assist with trade and finance in an overseas market but help mitigate risks related to international transactions such as payment default, political instability and the complexities offoreign currency exchange.
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