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Baker McKenzie Hires Sidley Virtual Assets Lawyer, Strengthening Its Asia Financial Services Practice

Baker McKenzie has hired foremost digital assets and investment decision resources professional Joy Lam as a registered international attorney with a partner equal status in Hong Kong, bolstering its monetary solutions offering.

Lam, who was a associate at Sidley Austin before becoming a member of Baker McKenzie, has acted on numerous groundbreaking virtual property transactions, which includes advising on Asia’s initially open up-finished tokenized fund, Asia’s to start with shut-ended tokenized fund and securing the Hong Kong Securities and Futures Commission’s first approval for a digital assets fund that permits subscriptions and redemptions to be effected in cryptocurrency. 

She also has recommended on the promptly transforming specifications for managing investments in virtual assets and functioning secondary exchanges for digital assets.

“At a time when money establishments, sponsors and fintech suppliers throughout the globe are working to combine and broaden their electronic assets choices and investments to foreseeable future-evidence their enterprise, acquiring Joy on board will assistance us far better satisfy our clients’ increasing desires,” Jason Ng, head of Baker McKenzie’s economical products and services observe in Hong Kong, China and Singapore, reported in a statement. “Joy’s monitor report and expertise with blockchain technological know-how, tokens and digital asset exchanges will no question be of sizeable worth to our purchasers.”

A move toward digital property and digital payments is taking place about the entire world. 

Steven Sieker, managing partner of Baker McKenzie’s Hong Kong and China places of work, explained Lam’s expertise in digital asset products enhances the firm’s economic companies regulatory, IP and engineering, and money teams in Hong Kong and will bolster its offerings for clients as they undertake digital transformation.

Lam praised Baker McKenzie for recognizing the strategic relevance of a virtual assets follow. “Combining my digital property exercise with the firm’s complete-service featuring in Hong Kong and globally will supply unparalleled servicing for clients as the demand for virtual belongings legal remedies proceeds to increase,” she stated. 

Early in her occupation, Lam was an associate at Allen & Overy. She joined Sidley Austin in 2012 as an affiliate, was named counsel in 2015 and produced partner in 2018, according to her LinkedIn profile.

Sidley could not promptly be arrived at for comment on Lam’s departure.

Baker McKenzie has created a quantity of modern hires in Asia. In July of final 12 months, it hired cash markets and M&A spouse Victoria Lloyd from Ropes & Gray in Hong Kong. In 2020, also in Hong Kong, it poached personal equity lover Derek Poon from Kirkland & Ellis, leveraged finance husband or wife Kenneth Ching from Shearman & Sterling and media and amusement lawyer Lex Kuo from Latham & Watkins. In Singapore past 12 months, it introduced on M&A principal Kay Moon from Linklaters and in Could 2020, it nabbed company spouse Lance Sacks from Clifford Chance in Australia.