The current joint operat上海夜网t the first of its kind
for Herbert Smith Freehills. The London-headquartered law firm has also been work
ing with Hiswara Bunjamin and Tandjung in Indonesia in a similar fashion for the last 15 years.上海夜网女神会所
Gavin Guo, international partner of Kewei, said that they had submitted an application for the joint operation to the Shang
上海夜网hai Municipal Bureau of Justice earlier this year and it took them three months to get the green light.
According to Guo, the joint operation of law firms is different from a joint ven
ture and does not include equity options. The two law firms are still independent e上海夜网女神会所
ntities but share administrative resources and provide one-stop legal services to clients.
Such joint operation models are attractive for multinational companies with operat上海夜网
ions in China and outbound Chinese companies, said Guo. Before this, companies need to go to a foreign la
上海夜网女神会所w firm and a Chinese law firm separately for legal services. This can be avoided as communication with both the l
aw firms can be completed in the same office and will incur only a single charge, he said.上海夜网
“Given the current global economic and political uncertainties and trade friction, governments are tightening their scru
上海夜网tiny and regulation in areas like foreign direct investment. The joint operation model will play a big role in te
rms of transaction habits, disputes resolution and even company strategies,” he said.
The first joint operation was set up by the Chicago-headquartered Baker McKenzie and Beijing Fenxun Partners in April 201上海夜网女神会所
5. In an action plan rolled out in April 2018, the Shanghai Municipal Bureau of Justice said it will study the possibility of pro
moting the joint operation model to the rest of the city to further improve the business environment.上海夜网
Domestic enterprises accelerate pace of innovation amid friction between China, US
The structure of China’s foreign trade will continue to improve with more flexibility in the second half of this year du上海夜网女神会所
e to its institutional, industrial and market advantages, officials and experts said on Thursday.
Li Kuiwen, a spokesman for the General Administration of Customs’ Department of Statis上海夜网
tics, said China has not only increased its market share with major economies such as the European Union th
is year, but its trade volume with emerging markets has also notably surged.上海夜网女神会所
Li’s remark came after the administration announced earlier on Thursday that China’s foreign trade grew 4.2 p
ercent year-on-year in the first seven months of the year to 17.41 trillion yuan ($2.47 trillion).