Commerce & Finance Law Offices lately held an opening ceremony to officially release its new Hong Kong office, aiming to enhance its services for Chinese customers investing in distant places.
Zhang Xiaoman, a companion at Commerce & Finance in Beijing, instructed China Business Law Journal that the company started doing enterprise in Hong Kong 26 years ago, and become one of the first mainland law companies to accomplish that. “The motive for putting in place a proper Hong Kong office now’s to conform to the changing demand of clients,” he stated.
“In the beyond, possibly there were extra overseas buyers who had been in need of PRC attorneys’ services, even as nowadays there are extra Chinese clients heading remote places, seeking out extra global and globalized criminal offerings. Setting up the Hong Kong office is likewise to reply to China’s plan for the Guangdong-Hong Kong-Macau Greater Bay Area.”
Commerce & Finance’s core practice areas encompass initial public offerings of securities on home and worldwide stock exchanges, bond issuances, mergers and acquisitions, personal fairness, company reorganizations, pass-border investments, price range formation, actual estate and financings in addition to dispute decision.
Eric Chow, the dealing with the companion of Commerce & Finance’s Hong Kong workplace, stated it turned into thrilling instances for the firm and the new office, and that he had seen an increasing demand for pass-border prison services. “Most of our customers from the mainland sincerely need to have on-the-ground functionality for the lawyers to behave as PRC lawyers, further to Hong Kong lawyers as nicely,” he said.
“Commerce & Finance is famend for it’s a capital marketplace and company financial transactions on the mainland. That’s why we want to take the opportunity to expand our worldwide community to Hong Kong as nicely. With the addition of the Hong Kong office, we can act as the companies’ and underwriters’ criminal recommend on PRC in addition to Hong Kong law.”
Chow said that for the time being the new office might attention on M&A, capital markets – particularly Hong Kong IPOs – and listed corporations’ compliance. “But with the growing call for from clients, I’m sure we will extend to different practice regions as well – for example, banking, litigation and additionally fund formation. That would be the subsequent step,” he said.
More than 450 guests and enterprise leaders, including representatives from the Liaison Office of the Central People’s Government inside the HKSAR, InvestHK and Hong Kong’s Department of Justice attended the workplace establishing reception together with Commerce & Finance partners from Beijing, Shanghai, Shenzhen, and Hong Kong.