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Chinese law firm, Duan and Duan, announced today (May 21) its expansion into the Hong Kong market, with the opening of its first office in the city. This is one of many firsts for this innovative legal practice. It was the first independent law firm to establish itself in China and one of the first to launch into the international market, with offices in Seattle, United States.
With its new office in Hong Kong, the company will provide advice in the fields of corporate law, international investments and trade, finance, mergers and acquisitions, arbitration and litigation. With its proven track record within the Mainland Chinese market and legal system, the company aims to guide clients through the cultural, linguistic and legal complexities of doing business in China. They have partnered with J. Lai and Company, an established Hong Kong law firm to further enhance their cross-border strengths and connections.
Speaking at the opening, Mr Duan Qi-hua, a partner in Duan and Duan said the company would focus on the legal needs of the local, Mainland and international communities. He added that, "Hong Kong is the ideal base to set up operations. The city provides a platform for the international community to gain access to opportunities in China. Equally Chinese companies are able to use Hong Kong to launch themselves globally."
Mr Duan observed that since China's accession to the World Trade Organisation a greater number of foreign companies were looking to invest in the Mainland. The country's new found confidence was also reflected in the number of Chinese companies looking to expand on to the international stage.
"There is a huge demand from Hong Kong's international business community for legal services which advise on successfully expanding into the Mainland. This is an ideal time for Duan and Duan to bring its experience to the Hong Kong market," said Mr Philip Kung, the Acting Associate-Director General of Investment Promotion at Invest Hong Kong. "Hong Kong has a strong legal community, which offers new companies in the city the chance for networking and referrals," he added, wishing the company every success.
For further information on the award winning legal practice please visit: www.duanduan.com.
Invest Hong Kong is the Hong Kong Special Administrative Region Government department charged with encouraging and facilitating inward investment into the city by providing the support needed to establish or expand a business presence here. For more information, please visit the website at www.investhk.gov.hk.
Ends/Monday, May 21, 2007
Issued at HKT 17:31
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