Zhonglun W&D Law Firm and Hong Kong law firm PC Woo & Co obtained official approval in late January for the establishment of a joint venture law firm in Shenzhen’s pilot economic zone, Qianhai. Based on years of co-operation, the two firms signed a memorandum of understanding on the joint venture in October 2015, after exchanging views and preparing for more than a year. They finally got an official permit for setting up the new firm 40 days after submitting their application.
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At least nine joint venture law firms have been set up in the three pilot districts in Guangdong province – Shenzhen’s Qianhai, Guangzhou’s Nansha and Zhuhai’s Hengqin – after the Ministry of Justice adopted measures in 2014 to allow law firms from the mainland, Hong Kong and Macau to set up joint venture firms in those regions.
Zhonglun W&D is the one of the biggest law firms based in Beijing, with more than 500 professionals, while the 71-year-old PC Woo & Co is the oldest law firm set up by Chinese in Hong Kong.
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