Magic circle firm Allen & Overy has partnered with a follow based mostly in Shanghai, saying the Chinese language market is a ‘global strategic priority’.
The Shanghai Bureau of Justice has accredited joint operations between Allen & Overy and Shanghai Lang Yue Law Firm. The follow might be referred to as Allen & Overy Lang Yue (FTZ) Joint Operation Workplace and can function in Shanghai’s free commerce zone.
The joint enterprise will present shoppers with home and worldwide authorized companies masking M&A, personal fairness, enterprise capital investments, capital markets, regulatory advisory and compliance.
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Underneath present Chinese language guidelines, solely attorneys who qualify in China are entitled to provide formal authorized opinion within the nation, which inhibits the presence of international practitioners. Nonetheless, a rising variety of worldwide companies are partnering with home practices. Herbert Smith Freehills, KPMG Law, Ashurst, Chook & Chook and Linklaters have all struck offers with Chinese language companies.
Victor Ho, Allen & Overy’s Beijing & Shanghai managing associate, mentioned: ‘Allen & Overy has been on the bottom in China for over 30 years and rising our China follow stays one in every of our international strategic priorities. Our joint operation with Lang Yue, a firm we now have efficiently labored with on a big variety of shopper issues, will take our China providing to the following degree.
‘The joint operation will give our considerable roster of international and the People’s Republic of China shoppers a fair deeper and broader set of capabilities to help their actions in China and globally.’
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