The Canadian Lawyer Magazine quotes Vancouver lawyer Edmond Luke in an article about Asian investment growth flooding Law firms with legal work.
“It is almost a tsunami,” says Edmond Luke, a partner at Fasken Martineau DuMoulin LLP, who heads the Asia Pacific Group, when he talks about the latest influx of immigrants and cash.
The tax may break the wave at its edges but not its strong base as the trend is entrenched, fuelled by the underpinnings of a large Asian business community in Metro Vancouver, and Vancouver International Airport, which boasts all five major Asian carriers and more Chinese carriers than any other airport in the Americas. “The entire platform [for Asian investment] has been built over the past 30 years,” Luke says of the time China’s central government embraced private entrepreneurship. It is not going away.