Client Update February 19, 2016 1 Client Update NFA Cybersecurity Notice Takes Effect March 1 NEW YORK Jeremy Feigelson jfeigelson@debevoise.com Byungkwon Lim blim@debevoise.com Jim Pastore jjpastor@debevoise.com Gary E. Murphy gemurphy@debevoise.com Michael Decker mdecker@debevoise.com WASHINGTON, D.C. Jeewon Kim Serrato jkserrato@debevoise.com The Cybersecurity Interpretive Notice, issued...
Client Update 22 February 2016 1 Client Update Being Kept Sweet: Court of Appeal Rules on Rafael Hui Appeal HONG KONG Mark Johnson mdjohnson@debevoise.com SHANGHAI Philip Rohlik prohlik@debevoise.com On 16 February, the Court of Appeal handed down its ruling dismissing the appeals of former Chief Secretary Rafael Hui, Thomas Kwok and others.1 The bulk of the judgment by Vice President Lunn...
Global growth: Can productivity save the day in an aging world? January 2015 HIGHLIGHTS 29 Demographic shift Peak employment in sight 41 Productivity challenge Productivity needs to drive growth 87 Enabling growth Competition, innovation, labor, and global integration The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established...
Debt and (not much) deleveraging February 2015 HIGHLIGHTS 37 Household debt A hidden time bomb in some countries? 55 Shadow banking Risky, opaque instruments are out, but non‑bank credit is still needed 75 Debt in China Debt is soaring, due to real estate and shadow banking The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company,...
THE FUTURE OF JAPAN: REIGNITING PRODUCTIVITY AND GROWTH MARCH 2015 HIGHLIGHTS 33 48 Demographic headwinds A rapidly aging population magnifies the productivity challenge Advanced manufacturing Revitalizing Japan’s signature industries 61 Innovation Capturing global market share for cutting-edge products The McKinsey Global Institute (MGI), the business and economics research arm...
A WINDOW OF OPPORTUNITY FOR EUROPE JUNE 2015 DETAILED ANALYSIS In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. As the business and economics research arm of McKinsey & Company, MGI aims to provide leaders in the commercial, public, and social sectors with the facts and insights...
A LABOR MARKET THAT WORKS: CONNECTING TALENT WITH OPPORTUNITY IN THE DIGITAL AGE JUNE 2015 HIGHLIGHTS 29 Better, faster matching 41 Economic impact 57 Talent management for companies In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. As the business and economics research arm of McKinsey...
THE INTERNET OF THINGS: MAPPING THE VALUE BEYOND THE HYPE JUNE 2015 HIGHLIGHTS 23 Interoperability Integrating multiple IoT systems enables 40 percent of potential value 37 Human health Cutting the costs of chronic disease treatment by as much as 50 percent 70 Predictive maintenance Using real-time data to predict and prevent breakdowns can reduce downtime by...
SOUTH AFRICA’S BIG FIVE: BOLD PRIORITIES FOR INCLUSIVE GROWTH SEPTEMBER 2015 In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. As the business and economics research arm of McKinsey & Company, MGI aims to provide leaders in the commercial, public, and social sectors with...
PLAYING TO WIN: THE NEW GLOBAL COMPETITION FOR CORPORATE PROFITS SEPTEMBER 2015 HIGHLIGHTS 42 Emerging-market competitors 55 Fast-moving technology firms 65 Growing volatility, leaner profits In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. As the business and economics research...
THE POWER OF PARITY: HOW ADVANCING WOMEN’S EQUALITY CAN ADD $12 TRILLION TO GLOBAL GROWTH SEPTEMBER 2015 HIGHLIGHTS 25 Labor-force participation, hours worked, and productivity 41 Equality in society 81 Scope for broader action by the private sector In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought to develop a deeper...
THE CHINA EFFECT ON GLOBAL INNOVATION OCTOBER 2015 HIGHLIGHTS 15 The innovation imperative Long-standing sources of growth are waning 27 Innovation in China today Mapping China’s innovation performance 103 Cheaper, faster, more global China’s impact on innovation around the world In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought...
SAUDI ARABIA BEYOND OIL: THE INVESTMENT AND PRODUCTIVITY TRANSFORMATION DECEMBER 2015 In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. As the business and economics research arm of McKinsey & Company, MGI aims to provide leaders in the commercial, public, and social sectors with...
DIGITAL AMERICA: A TALE OF THE HAVES AND HAVE-MORES DECEMBER 2015 HIGHLIGHTS 31 The MGI Industry Digitization Index 59 The productivity opportunity 67 Reinventing organizations In the 25 years since its founding, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. As the business and economics research arm of McKinsey...
CLIENT PUBLICATION ANTITRUST LITIGATION 16 October 2015 Court of Appeal Sets Aside Order for Disclosure of Unredacted Commission Decision and Orders Strike Out of Economic Tort-Based Claims If you wish to receive more information on the topics covered in this publication, you may reach out to your regular Shearman & Sterling contact person or any of the following: Jo...
CLIENT PUBLICATION FINANCIAL RESTRUCTURING & INSOLVENCY | November 9, 2015 United States Bankruptcy Court for the Southern District of New York Identifies New Jurisdictional Hook to Provide Chapter 15 Relief to Foreign Debtors On October 28, 2015, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) issued a decision that...