Outlook 2023
Asian Legal Business
Asian Legal Business
Shirin Tang, managing partner of the Morrison Foerster Singapore office, has been quoted in “Outlook 2023,” an article published by Asian Legal Business. In the article, lawyers from a number of Asian jurisdictions share their predictions for 2023 and how they expect their market to develop. Shirin comments on the Singapore and Southeast Asia private equity and transactions market:
“The past year continued to be defined by heightened levels of uncertainty and volatility faced by corporate leaders. Lingering macroeconomic upheaval, as well as a decisive shift toward greater regulatory protectionism and oversight in many jurisdictions, will continue to factor heavily into strategic decision making and drive the need for specialist regulatory advice in connection with a growing range of transactions. Coming into the new year we are relatively upbeat about the growing sense of renewed optimism toward transactions and investments across Asia Pacific.
The Morrison Foerster team focusing on South and Southeast Asia has seen sustained interest in these regions, not only from strategic investors but private equity GPs targeting the mid-market space. We expect to see strong investment momentum in the technology, healthcare, life sciences, real estate, and services (including financial services) sectors through 2023. In particular, as multinational corporations continue to diversify their supply chains to countries like Vietnam, Indonesia, and Bangladesh, private equity firms will keep related consumer, manufacturing, and industrial assets top of mind.”
Read the full article.