U.S. Downturn Could Affect Asian Deal-Making

Law360, New York (March 27, 2008, 12:00 AM EDT) -- Asia hasn't yet been hit hard by the U.S. economic downturn, but corporate attorneys there are worried that the number of deals they get done will eventually be affected.

Bill McCormack, a partner in Shearman & Sterling LLP's Singapore office, said Asian economies have seen a straight line of growth since the SARS scare of late 2002 but a U.S. recession would test the theory that the “global economy has become decoupled from the U.S.”

“The firm had a very strong year last year, but like...
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