Taking Stock of Law and Development with Chinese Characteristics

By Matthew S. Erie

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Manufactured Threat? Assessing Nippon Steel’s Plan to Buy U.S. Steel

By Bruce Aronson

Economic nationalism is one of the few things that can unite Democrats and Republicans these days. Politicians in both parties have spoken out against Nippon Steel’s planned purchase of former giant U.S. Steel. But does the transaction truly pose a threat to US interests? Is steel still a strategic industry or does it merely evoke nostalgia for an industrial past?  What national security or economic interest is at stake?  After all, Japan is our most important ally in the Asia-Pacific region. And what kind of reviews must be passed for the deal to go through? Bruce Aronson assesses the proposed transaction.

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This Week in Asian Law

November 3-9

China revises its Anti-Money Laundering Law to address new forms of money laundering; the Hong Kong Law Society sends warning letters to sixteen lawyers associated with a fund that supported legal aid for 2019 protesters; Japanese opposition parties agree that the law governing political funds needs revision but not how to revise it; South Korea' fines Meta $15 million for collecting and sensitive user data and sharing it with advertisers; Taiwan's Ministry of Justice withdraws a proposal to increase the fines for various abortion-related illegal acts following an outcry from women's rights groups. Read more.