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| March 2014 |
Singapore Conference
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Plans are well underway for the 2nd ATTA Mid-Year Conference to be held in Singapore on Friday 13th June, 2014. As with last year, it will be held at AmCham on Scotts Road, with Pre-Conference Cocktails the night before.
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Member News
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Salman Bokhari
Singapore member and ATTA director Salman Bokhari has joined forces with 3 other senior life science executives to establish a new Asia-focused life sciences venture fund. Their investment philosophy is based on Asia’s disease burden and rapidly growing affluence representing a significant opportunity for promising pharma, medtech and digital health companies with disruptive business models and innovative technologies. For more information and to contact Salman, he can be reached at sbokhari53@gmail.com
Chris Roling
Chris Roling (Singapore chapter) has recently joined Sailing Capital as a Partner and will be relocating to Hong Kong at the end of March. Chris will be responsible for fundraising, new deals, and portfolio management. Sailing Capital is a large Chinese private equity fund which recently completed a first financing round of $1.9 billion (www.sailing-capital.com.hk).
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ATTA Events
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Recent Events
Hong Kong
Shortly after Chinese New Year, the Hong Kong Chapter held a networking drinks in Central. There was a very good turnout, despite the weather, and both members and non-members enjoyed the opportunity to meet others, talk about the market and learn about ATTA’s plans for the coming year in an informal environment.
Shanghai
On 27th February, the Shanghai Chapter held a networking breakfast at the offices of our supporters EIM China - NewBridge Partners. Mr Aloysius Tan gave a thought provoking and highly informative presentation on "Transformation and Turnaround - a view from the current trenches".
Dates for your Diary
Shanghai Chapter Events – 27th March and 29th April
For those of you likely to be in Shanghai, please note the dates of the March and April Chapter Events. More details to be provided nearer the time. |
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Sponsorship & Support
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We are grateful to PwC, LDC (Asia) and FTI Consulting for their ongoing support and sponsorship of ATTA.
If you are interested in becoming a sponsor of ATTA, please contact rbrown@lehmanbrown.com or jayne.purser@asiatta.com
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Committees
As discussed at the Conference in November, the leadership of ATTA will be split across a number of Committees, each taking ownership of a key area of ATTA’s management.
Please note below the heads of the various Committees. ATTA is a membership organisation run for its members by its members and we would strongly encourage all members to take an active part in the running of it. If you are interested in being involved in any aspect of ATTA, please contact the relevant directors or jayne.purser@asiatta.com
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Membership, including membership benefits and new members – Rupert Purser |
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Finance, including sponsorship – Russell Brown / Wenwei Lin
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Governance – Guy Facey / Lesli Ligorner
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Advisory – Adam Salzer
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PR & Media – Russell Brown
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International – Ian Gray
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Handelsblatt International Conference, Frankfurt
ATTA directors Rupert Purser and Adam Salzer, along with member Bernd Stucken, will be speaking at the Handelsblatt International Conference in Frankfurt on 21st May. The topic of the Conference is “Turnaround & Transformation in China”.
In addition to the speakers from ATTA, the Conference will field a number of experts with considerable experience in the turnaround and transformation space.
ATTA members interested in attending the Conference are eligible for a Euro100 discount. Please find more information at http://www.handelsblatt-
restrukturierung.de/china-
2/index.html |
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In the Media
ATTA Co-Chair, Rupert Purser, was recently quoted in Hong Kong’s South China Morning Post talking about the impact of Beijing's move to loosen regulations on money flows and the impact this may have.
http://www.scmp.com
/business/banking-finance
/article/1417024
/economists-welcome-
further-levelling-chinas-
playing-field
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New Interim Provisions on Labour Dispatch Rules: Increased Clarity and a Two Year Grace Period
Submitted by Lesli Ligorner, ATTA board member and Shanghai-based partner at Simmons & Simmons LLP, and associates Johnny Choi (Beijing) and Gillian McKenzie (Hong Kong).
The PRC Ministry of Human Resources and Social Security ( MHRSS) recently released the Interim Provisions on Labour Dispatch Rules ( Interim Provisions). The Interim Provisions, which came into effect on 1 March 2014, are intended to supplement and clarify the labour dispatch regime introduced by way of the PRC Labour Contract Law and its amendments which took effect on 1 July 2013 ( LCL).
The Interim Provisions are identical in many respects to the draft Labour Dispatch Rules ( Draft Rules), which were released by the MHRSS for public consultation on 7 August 2013. (An overview of the Draft Rules was provided in our newsletter issued in October 2013.) There are, however, some important differences.
Read full article
This article provides an overview of the key features of the Interim Provisions and highlights the material differences between the Interim Provisions and the earlier set of Draft Rules.
- Which user entities and workers are affected?
- What are the restrictions on labour dispatch arrangements?
- Will there be a transition period?
- What are the obligations of the user entity?
- Likely impact?
- What happens next?
If you have any questions regarding this or any other PRC employment issue, please contact Lesli Ligorner ( lesli.ligorner@simmons-simmons.com). Further updates will be available in due course on the Simmons & Simmons website, www.elexica.com.
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Asia Transformation & Turnaround Association (ATTA) is the premier professional body in Asia that brings together leaders in the transformation and turnaround sector to share their executive experience and industry knowledge.
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