Asian Top News

South Korea
DLA Piper Advises Groupon on Korean Unit Stake Sale

By Tom Brennan |

Kirkland & Ellis and Weil, Gotshal & Manges are acting for KKR & Co. and Anchor Equity Partners on their investment in South Korea's Ticket Monster Inc.

Rescue operation using heavy machinery on April 30, 2013 at Rana Plaza in Savar.  On April 24 an eight-story commercial building, Rana Plaza, collapsed in Savar, a sub-district near Dhaka, Bangladesh.

Bangladesh
Wal-Mart, JC Penney Sued Over Bangladesh Factory Collapse

By Zoe Tillman |

An eight-story building that housed garment factories in Bangladesh, collapsed on April 24, 2013, killing more than 1,000 people and injuring many more. This week, the victims and their families filed a lawsuit in federal court in Washington against Wal-Mart and other retailers that allegedly sourced products from those factories.

China
Hollywood and China: An International Buddy Movie

By Anthony Paonita |

Hollywood wants the box office riches; Chinese companies want Hollywood techniques. Sister publication Corporate Counsel talks to Manatt, Phelps & Phillips partner Lindsay Conner about how the two are coming together.

Singapore
King & Spalding Hires Projects Partner in Singapore

By Tom Brennan |

Simon Cowled was most recently a counsel at Skadden, Arps, Slate, Meagher & Flom.

Australia
DLA Piper Poaches A&O's Australian Private Equity Head

By Tom Brennan |

Grant Koch, who worked five years at Allen & Overy, will hold the same title at his new firm.

China
Ropes, Cleary, Paul Hastings on Cirque du Soleil Deal

By Tom Brennan |

U.S. private equity giant TPG Capital and Shanghai-based Fosun International are buying into the Canadian entertainment company and plan to launch the business in China.

Hong Kong
Paul Hastings Takes Two Fried Frank Hong Kong Partners

By Tom Brennan |

Private equity lawyers Douglas Freeman and Victor Chen are moving over, leaving two senior lawyers at Fried Frank's soon-to-close Asia offices.

Singapore
Bird & Bird Boosts Corporate Team in Singapore

By Tom Brennan |

Clean energy specialist Ken Cheung has left Berwin Leighton Paisner to join the rival U.K. firm as a partner.

Norton Rose Fulbright's new team in Hong Kong: Associate Muriel Cheng, Senior Consultant Philip Nunn, Partner Alfred Wu, Associate Anita Fong and Associate Kevin Hong

Hong Kong
Norton Rose Hong Kong Hires 5-Lawyer Team From Fried Frank

By Tom Brennan |

Three months after Fried, Frank, Harris, Shriver & Jacobson announced it was pulling out of Asia, the firm's disputes practice in Hong Kong, led by former partner Alfred Wu, has found a new home.

Japan
Life After Bingham for Hideyuki Sakai

By Tom Brennan |

The former Bingham McCutchen Tokyo managing partner discusses his move to Anderson Mori & Tomotsune and why he didn't follow his former colleagues to Morgan, Lewis & Bockius.

Japan
Orrick Adds Senior Japan Partner in New York

By Tom Brennan |

Former Skadden counsel Hiroshi Sarumida will oversee the firm's Japan-related transactions practice in the U.S.

Kevin Stewart, Lavan Legal

Australia
Minter Ellison Hires Disputes Head in Perth

By Tom Brennan |

Kevin Stewart joins from Western Australian firm Lavan Legal and will oversee the office's two-partner disputes team.

China
Skadden, Kirkland on $1.6B Deal Between China’s ‘Craigslists’

By Anna Zhang |

China's 58.com and Ganji.com are letting go of a 10-year-old rivalry and joining forces.

Hong Kong, France, Germany
Diagnosing Sick Leave Laws Around the World

By Marlisse Silver Sweeney |

When you're "sick" in France, you might not be "sick" in Germany.

China
Sidley Austin Adds Shanghai Partner

By Tom Brennan |

Wenseng Pan was most recently a counsel at O’Melveny & Myers advising on mergers and acquisitions.

China
Simpson Thacher, Freshfields Lead $2.5B Alibaba Deal

By Anna Zhang |

The Hangzhou-based ecommerce giant is transferring its Tmall online pharmacy to its Hong Kong-listed healthcare subsidiary in exchange for a combination of shares and debt.

Hong Kong
Dear PR Professional

By Kim Kleman, editor-in-chief |

How to work better with American Lawyer journalists.

The Petronas Towers and KL Tower in Kuala Lumpur

Malaysia, United Kingdom
Trowers & Hamlins Wins First License to Practice in Malaysia

By Tom Brennan |

The U.K. firm has announced it is now a so-called Qualified Foreign Law Firm, allowing it to advise clients on international law from the Southeast Asian country.

Ashurst global pro bono head Sarah Morton-Ramwell

Australia
Ashurst Names New Global Pro Bono Head

By Tom Brennan |

Former Reed Smith London-based lawyer Sarah Morton-Ramwell will lead the practice from Sydney.

From left to right, Baker & McKenzie’s Asia Pacific Regional Chairman Bruce Hambrett, Cao Yang, head of lawyers and notarization governance department of the Ministry of Justice, Wang Xie, deputy director of the Shanghai Justice Bureau, and Yingzhe Wang, Managing Partner of FenXun Partners.

China
Baker & McKenzie First in Shanghai FTZ Joint Venture

By Anna Zhang |

The Chicago-based firm is teaming up with China's FenXun Partners to be the first joint operation between law firms in the Shanghai Free Trade Zone in a program that was introduced last year.

Australia
King & Wood Mallesons Steals DLA's Global Mining Head

By Anna Zhang |

Perth partner Robert Edel will join the firm in June.

Singapore
Allen & Gledhill, WongPartnership on $2.6B Take-Private Deal

By Anna Zhang |

Singaporean oil rig builder Keppel Corp. is delisting its property development arm in a bid to diversify revenues.

China
FireEye Suspects China of 10-Year Cyberespionage Operation

By Erin E. Harrison |

Report concludes governments, businesses and journalists have all been affected by a Chinese cybertheft operation.

Seoul, South Korea.

South Korea
Finnegan Henderson Joining Competitors in Seoul

By Katelyn Polantz |

Finnegan, Henderson, Farabow, Garrett & Dunner will open an office in Seoul. The D.C.-based intellectual property firm follows some 20 U.S. and U.K. firms that have opened in South Korea since 2012.

Technological and Cultural Challenges of Cross-Border E-Discovery

By Christopher DiMarco |

A Q&A with Deloitte's Andy Ruckman: Reliance on local counsel is a critical consideration, but evolving technology can streamline international discovery.

Alibaba banners hang on the front facade of the New York Stock Exchange.

China
For Chinese Companies Facing U.S. Class Actions, Déjà Vu All Over Again?

By Anna Zhang |

Not necessarily, lawyers say. Alibaba and other Chinese newcomers to U.S. exchanges are far different from the companies, like now-defunct Sino Forest, that came before. Here’s why.

China, Hong Kong
Latham, Clifford Chance Advise on GF Securities $3.6B IPO

By Tom Brennan |

The Chinese brokerage ranks as the biggest initial public offering so far this year in Asia.

Australia
Clifford Chance on Apache’s $2.1B Australian Divestment

By Anna Zhang |

Four months after the Houston-based oil and gas giant sold two offshore assets to Woodside Petroleum for $2.8 billion, Apache has turned again to the Magic Circle firm to unload its entire Australian division.

China, Netherlands, United Kingdom, Canada
Deal Watch: Magic Circle, Am Law Firms Advise on $70 Billion Royal Dutch Shell Deal

By Jennifer Henderson |

Oil and gas tops off the week's list of billion-dollar deals, with Royal Dutch Shell plc's $70 billion acquisition of BG Group plc.

Singapore
Freshfields, Linklaters on DBS's Billion-Dollar Partnership with Manulife

By Tom Brennan |

The two companies have struck an exclusive agreement that would see DBS sell Manulife's insurance products through the bank's 200 branches in Asia.

Singapore
Baker & McKenzie Recruits Stamford Partner in Singapore

By Tom Brennan |

Min-tze Lean was most recently a director at the former Stamford Law Corp.

China
King & Wood Mallesons Hires JPMorgan Chase China Head

By Anna Zhang |

New partner Shao Zili will co-lead the firm's China practice from Beijing.

Australia
Norton Rose Hires Melbourne Partner

By Anna Zhang |

Insurance disputes specialist Mark Attard joins from Australian firm CBP Lawyers.

Indonesia
Norton Rose Boosts Jakarta Team

By Tom Brennan |

Projects partner Benny Bernarto joins from Indonesian firm Makarim & Taira S.

Malaysia
Watson Farley, A&O on SapuraKencana's $2.3B Islamic Debt Deal

By Tom Brennan |

Malaysia's largest oil and gas services company is refinancing part of a $5.5 billion credit facility it took on last year.

Singapore
Rajah & Tann Scores Senior Counsel From Stamford Law

By Anna Zhang |

International arbitration specialist Tan Chuan Thye joins the Singaporean firm as a partner.

Australia
Ropes, Sullivan & Cromwell Lead MYOB's $636M IPO

By Tom Brennan |

Bain Capital is selling some of its shares in the Australian enterprise software company four years after buying it from Archer Capital for $1.3 billion.

China, Hong Kong
Kirkland on TCM's $930M Share Sale

By Tom Brennan |

State-owned China Traditional Chinese Medicine is selling shares to a group of investors to fund its acquisition of Jiangyin Tianjiang Pharmaceutical.

India
Amarchand Split Delayed but Not Halted

By Tom Brennan |

A breakup of the storied Indian firm appears to be only a matter of time as feuding brothers Shardul and Cyril Shroff make lateral hires, promote new partners and lease office space on each other’s home turf.

China
US Business Opportunities in China's Clean Energy Sector

By Barbara Yu Levy |

Companies that play it smart will be well positioned to leverage recent political developments and China's demand for low-cost renewable energy technologies into safe, lucrative and long-term business opportunities.

China, Australia
KWM, HSF on $846M Aussie Mining Deal

By Tom Brennan |

Chinese state-owned Guangdong Rising Assets Management Co. has made an offer to acquire Australian copper miner PanAust Ltd.

China
Morrison & Foerster Sued Over Stock Offering for China's Puda Coal

By Scott Flaherty |

The defunct, fraud-addled Chinese company Puda Coal was disaster for its investors, and remains a major litigation headache for its bankers. Now the investment bank Macquarie Group wants the lawyers to share the blame.

China, Hong Kong
Latham, Sullivan & Cromwell on Fuyao Glass $953M IPO

By Anna Zhang |

The car window maker’s initial public offering is the biggest so far this year in Hong Kong.

China, Hong Kong
Freshfields Lifts Second Linklaters Partner in Three Weeks

By Anna Zhang |

Former Linklaters partner Thomas Ng is relocating from Beijing to join Freshfields three weeks after former Hong Kong partner David Ludwick made his own move to the rival Magic Circle firm.

Koala on a tree with bush green background

Australia
Hogan Lovells Makes First Move into Australia

By Tom Brennan |

The Anglo-American firm has hired husband and wife team Tim and Nicky Lester from Allens and plans to open new offices in Sydney and Perth this summer.

China, Hong Kong, Singapore
Withers Grows in Asian Divorce Capital Hong Kong

By Tom Brennan |

The U.K. private client boutique has made an unrivaled push into the region to capitalize on a fast-growing population of high-net-worth individuals in China, Singapore and other top jurisdictions.

Australia, United Kingdom
Slater & Gordon Offers $947M for U.K. Claims Processor

By Anna Zhang |

Arnold Bloch Leibler is Australian counsel to Slater, while London-based Macfarlanes is advising on English law.

Hong Kong
White & Case Hires Hong Kong Private Equity Partner

By Anna Zhang |

Former Linklaters counsel Kyungseok Kim is the second PE partner to join White & Case from the Magic Circle firm's Hong Kong office this year.

South Korea
Ernst & Young Launches Korean Law Alliance

By Anna Zhang |

Seoul-based Apex Law is the latest law firm to join the auditor's global legal service network.

Singapore
Law Firms Expanding in Asia Adopt Strategic CSR

By Wendy Stimpson and Natalia Olynec |

Corporate social responsibility programs among the international law firms in Singapore originally involved simply writing checks to support local charities, but contributing authors Wendy Stimpson and Natalia Olynec say that's changing.

South Korea, Russia
Yulchon Opens Moscow Office

By Tom Brennan |

The Korean firm has relocated Russia practice leader Hwajoon Lee to spearhead the new outpost.

China
Norton Rose Fulbright on $5.5B Chinese Real Estate Deal

By Anna Zhang |

Hong Kong-listed China Overseas Land acquired properties in 12 cities from its state-owned parent China Construction.

Hong Kong, Singapore
White & Case Taps New York Partner to Lead Asia

By Tom Brennan |

Global banking practice leader Eric Berg has come east to take on the newly created role of Asia practice head.

FARNBOROUGH, UK - JULY 15: Closeup of a Pirelli tyre attached to a Caterham Formula 1 race car on static display at the Farnborough Airshow, UK on July 15, 2012

China, Italy
Clifford Chance Leads ChemChina’s $7.7B Italian Tire Buy

By Anna Zhang |

China's Jun He Law Offices, Italy's Pedersoli e Associati, Linklaters and Latham & Watkins are among the others working on what will be the largest overseas acquisition by a Chinese state-owned enterprise since the $15 billion CNOOC-Nexen deal in 2012.

Australia
Bird & Bird Adds IP Partner in Australia

By Tom Brennan |

The U.K. firm has hired away K&L Gates' former head of intellectual property in Sydney.

Malaysia
Cleary, Milbank on Petronas' $5B Bond Sale

By Tom Brennan |

The Malaysian state-owned energy company sold a mix of Islamic and conventional notes to raise cash in the wake of tumbling oil prices.

Uber

India
Uber Taps Gibson Team to Fight Liability for Alleged Rape by Driver

By Ross Todd |

Gibson Dunn partner Michael Wong, a former federal prosecutor, was hired to fend off a suit filed by a Delhi woman who claims stronger background checks could have prevented her attack.

China
Don't Laugh Off China's Tech Regulations for Banks

By Marlisse Silver Sweeney |

The People's Republic of China has introduced highly restrictive technology rules for banks and financial institutions.

Singapore
HSF’s Southeast Asia Energy Head Leaves for King & Spalding

By Anna Zhang |

Richard Nelson is among a spate of departures from Herbert Smith Freehills’ Asia offices in recent months.

Singapore
Does Morgan-Stamford Merger Signal New Model for Singapore?

By Anna Zhang |

Fifteen years after the city-state first allowed foreign law firms to partner with local ones, Singapore’s lawyers are still looking for the best way to internationalize their practice. The Morgan Lewis-Stamford merger is just the latest in a long line of, often times, unsuccessful attempts.

Hong Kong
Weil Brings on PE Partner in Hong Kong

By Tom Brennan |

Tim Gardner has left Latham & Watkins after nearly nine years to join U.S. rival Weil, Gotshal & Manges.

Hong Kong
Berwin Leighton Paisner Adds Hong Kong Arbitration Practice

By Tom Brennan |

The U.K. firm has acquired seven-lawyer Hong Kong firm Haley & Co, bolstering its disputes, construction and major projects teams in Asia.

China
Miller Canfield Takes China Lawyer From Hogan Lovells

By Anna Zhang |

Insurance specialist Anna Elshafei has joined the Detroit-based firm in Shanghai.

China
Lawyers for Lenovo, Superfish Face Venue Battle

By Ross Todd |

The Chinese laptop maker and Valley adware firm are pushing for a throng of suits to be consolidated in the Northern District of California.

Katniss Everdeen, a character in The Hunger Games movies.

China
O'Melveny on $375M Chinese Investment into Lions Gate

By Anna Zhang |

The studio behind blockbuster hits such as "The Hunger Games" and "Twilight" will receive funding for a quarter of its expected movies over the next three years from popular Chinese television producer Hunan TV.

Hong Kong
King & Wood Mallesons Taps Longtime HSF Partner in Hong Kong

By Tom Brennan |

Gary Lock, a 15-year veteran of Herbert Smith Freehills and one of its top capital markets partners in Asia, has joined King & Wood's corporate and securities team.

Hong Kong
Jones Day Hires Funds Partner in Hong Kong

By Tom Brennan |

Scott Peterman makes the jump from Sidley Austin.

Macau
Judge Fines Sands $250K, Demands China Casino Documents

By Sue Reisinger |

A local judge in Las Vegas has ordered the China Sands Ltd. casino to deliver records related to a wrongful termination case, despite the Sands GC's testimony that following the order could send executives in Macau to jail.

China
Chinese Arbitration Award Stands in Mineral Co. Fight

By P.J. D'Annunzio |

A federal judge has ruled that an international arbitration award in favor of a China-based mineral supplier can be enforced upon an American company in a contract dispute.

Singapore
Reed Smith Nabs DLA's Asia Restructuring Head

By Tom Brennan |

Troy Doyle has joined the firm's commercial restructuring and bankruptcy group in Singapore.

Tom Daschle.

Taiwan
Daschle to Register With DOJ as Lobbyist for Foreign Client

By Katelyn Polantz |

Former Senate Majority Leader Tom Daschle, now at Baker, Donelson, Bearman, Caldwell & Berkowitz, said he will register with the federal government as a lobbyist for the first time in his career. Daschle will work on behalf of Taiwan.

Kazakhstan, Spain
Computer Hack in Kazakhstan Exposes Client Emails with Curtis Mallet

Emails between Curtis, Mallet-Prevost, Colt & Mosle and its client, the Republic of Kazakhstan, were posted online in January after that government’s computers were hacked. Kazakhstan’s counsel at Curtis says in a complaint filed Thursday against the alleged hackers that some of the emails contained privileged and confidential attorney-client communications.

Jones Day Launches Same-Sex Marriage Website

By Jennifer Henderson |

The firm has launched a website that provides information on how same-sex relationships are legally recognized in nearly 300 jurisdictions worldwide.

China
MoFo, Wilson Sonsini on Chinese Investors' $640M Take-Private Deal

By Anna Zhang |

Shanghai-based Summitview Capital is leading a Chinese consortium to buy U.S. chipmaker Integrated Silicon Solutions Inc. and delisted it from the Nasdaq.

India
India Eyes Reforms to a Disputes System Held in Low Repute

By Tom Brennan |

The country's reputation for bogging foreign investors down in litigation for years and overturning foreign arbitral awards may start to change if two soon-to-be-introduced laws are passed this year. It's all part of Prime Minister Narendra Modi's plan to attract new business to the Indian economy.

Malaysia, Thailand
ZICOlaw Launches IP Practice in Thailand

By Tom Brennan |

The Kuala Lumpur-based firm has brought aboard two new partners from rival Tilleke & Gibbins, in addition to bolstering its intellectual property team in Malaysia.

The Churn

China, Hong Kong, Australia, Finland, France, United Kingdom, Dubai, Canada
Musical Chairs at McKenna Long, Plus More Lateral Moves

By Brian Baxter |

McKenna Long & Aldridge, poised to vote Monday on a union with Dentons, saw two new partners depart due to conflicts; Morgan Lewis lures eight partners in Dallas ahead of another merger in Singapore; Winston & Strawn poaches 10 more partners from Pillsbury; and other notable moves from throughout The Am Law 200.

Morgan, Lewis & Bockius chairwoman Jami McKeon (left) and Stamford Law Corp. chairwoman Suet-Fern Lee

Singapore
In Unique Deal, Morgan Lewis Merges With Singapore's Stamford Law

By Brian Baxter and Anna Zhang |

Having just absorbed the bulk of Bingham McCutchen, a first-of-its-kind merger now awaits Morgan, Lewis & Bockius, which will announce a union on Monday with Singapore's Stamford Law Corp. The combination will make Morgan Lewis the largest global firm in the city-state and the only one with the capacity to practice local law across a range of practice areas.

Australia, Netherlands, United Kingdom, Canada
Deal Watch: Skadden Advising Endo and Valeant, With Both Vying for Salix

By Jennifer Henderson |

Our latest roundup of transactions in the United States and around the world sees Sullivan & Cromwell, Skadden, Freshfields and Davis Polk take the lead for companies in the analytics, entertainment and pharmaceutical sectors.

China
Jones Day Hires NDRC Official in Beijing

By Anna Zhang |

Xue Qiang will bring the firm an insider’s view of the all-important National Development and Reform Commission, one of the most important regulators in China.

Hong Kong
Freshfields Poaches Linklaters Asia U.S. Practice Leader

By Anna Zhang |

The arrival of capital markets specialist David Ludwick will create a four-partner team advising on U.S. law matters at the Magic Circle rival.

Australia
Minter Ellison, K&L Gates Lead $1B Broadband Deal in Oz

By Tom Brennan |

If successful, TPG Telecom Ltd.’s acquisition of iiNet Ltd. would create the second-largest fixed-line internet services provider in Australia.

Singapore
Singapore's Virtus Law Adds Disputes Partner

By Anna Zhang |

Former Shook Lin & Bok partner Terence Seah has moved to Stephenson Harwood's Formal Law Alliance partner firm.

Singapore
RHTLaw Taylor Wessing-Linked Company Seeks Singapore IPO

By Anna Zhang |

RHT Holding Ltd., launched by partners of Singaporean firm, is planning to raise capital to fund growth through mergers and acquisitions in the region.

Singapore
Clifford Chances Names New Southeast Asia Corporate Head

By Tom Brennan |

London partner Kathy Honeywood is relocating in May to take the reins from longtime Asia-based partner Simon Clinton.

South Korea
Bae, Kim & Lee Adds Two Partners in Seoul

By Tom Brennan |

The Korean firm has brought aboard former senior judge Jung Il Moon and former prosecutor Jung Ho Lee.

LEGO Friends.

China, Denmark
Lego Sues to Block Imports in Patent Fight Over Toy Dolls

By Jenna Greene |

The International Trade Commission on Wednesday gave a green light to toymaker Lego A/S to bring a patent and copyright infringement case against three competitors that are seeking to appeal more to girls. Lego says its rivals copied its "Friends" line.

China
Shearman Takes Kirkland China M&A Partner

By Anna Zhang |

Stephanie Tang specializes in delisting Chinese companies from U.S. exchanges.

Australia
Norton Rose Fulbright Adds Sydney Partner

By Tom Brennan |

Emanuel Confos was most recently head of the construction practice at Gilbert + Tobin.

Singapore, United Kingdom
Kennedys Launches Singapore Joint Law Venture

By Anna Zhang |

The London-based firm will join forces with shipping boutique Legal Solutions to add a local law practice to its city-state office.

Singapore
Dechert Hires Arbitration Partner in Singapore

By Tom Brennan |

Mark Mangan had spent 10 years with Freshfields Bruckhaus Deringer, most recently as counsel, before joining the Philadelphia-based firm.

Australia, United Kingdom
Pinsent Masons to Launch Australian Offices

By Anna Zhang |

The British firm will extend its construction practice to Sydney and Melbourne to capture work in the country's surging infrastructure sector.

Hong Kong
O’Melveny Taps Arbitration Partner to Lead in Hong Kong

By Tom Brennan |

In what looks like a push for the firm’s Asia disputes practice, Friven Yeoh has been tapped for managing partner following the hire of two senior litigation lawyers for the office since last fall.

Australia, Ireland, Netherlands, United Kingdom, Canada
Deal Watch: AbbVie's $21B Pharma Buy, NXP in $12B Tech Acquisition, Plus More

By Jennifer Henderson |

Big Pharma tops our latest roundup of deals worth $1 billion or more, with AbbVie Inc. agreeing to purchase cancer-drug maker Pharmacyclics Inc. for $21 billion. NXP Semiconductors, based in the Netherlands, will acquire Austin's Freescale for $11.8 billion.

Hong Kong
Freshfields Advising on HKBN's $750M IPO

By Tom Brennan |

Investors CVC Capital and GIC are cashing out of some of their stakes in Hong Kong's second-largest broadband internet provider.

China
Grandall on Chinese Brokerage’s $1.6B Shanghai IPO

By Anna Zhang |

Citigroup joint venture partner Orient Securities is going public amidst a rush of planned listings in China.

Christopher Reynolds

Japan
Toyota Creates New Global GC and CLO Role

By Sue Reisinger |

Toyota Motor Corp. has promoted Christopher Reynolds, previously general counsel of its U.S. subsidiary, to general counsel and chief legal officer for the global corporation.

China, Indonesia, Myanmar, Singapore, South Korea
Winners Announced for Asia Legal Awards 2015

On Tuesday night, The Asian Lawyer held its second annual Asia Legal Awards, celebrating the region's top law firms. As promised, here's the list of lucky winners.

Australia
Jones Day Hires Away Ashurst Partner in Perth

By Anna Zhang |

Infrastructure specialist Paul Riethmuller is the third partner to join the office since it opened nearly a year ago.

China
US Companies Criticize China's New Data Rules

In the name of antiterrorism, China may require all companies to keep their servers and user data within the country, and demand that technology firms turn over encryption keys.