The market downturn in Asia has forced many international firms to cut back on their operations in the region, especially in Greater China. In the past year, Latham & Watkins, Perkins Coie, Proskauer Rose, and Akin Gump Strauss Hauer & Feld have all shuttered offices in mainland China.

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David Tatel also voiced concern for the fall of “Chevron deference.”
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