DHH, Fred Kan & Co. (Hong Kong), and L&L Law Firm Signed a Joint Venture Agreement
Release time：2020-01-02 16:45
On the afternoon of December 8th, taking advantage of the forum on “China’s Greater Bay Area and OBOR Outbound Investment”, held by Beijing DHH Law firm, Hong Kong Fred Kan & Co. and Macau L&L Law Firm signed a joint venture agreement in Guangzhou and jointly invested in building the first law firm in Shenzhen collectively managed by Mainland, Hong Kong and Macau lawyers. Jerome C. Roth, President of the International Association of Lawyers (UIA), Shan Luan, Executive Vice President of DHH, Cheng Ji, Senior Partner of Beijing DHH Law Firm, Kejiang Liu, Director of Beijing DHH Law Firm, Caiming Lan, Director of Beijing DHH (Shenzhen) Law Firm, Guihe Wen, Secretary of the Party Branch of Shenzhen office, and other guests witnessed this grand occasion.
According to the joint venture agreement, the law firm is registered and named as DHH KAN & LL (QIANHAI ) LAW FIRM (based on the final approved name of the competent authority) and is expected to be officially established in early 2020. The core business of the firm is to provide high level comprehensive cross-border international legal services to the market based on the needs of the development of the Guangdong-Hong Kong-Macau Greater Bay Area and implementation of the “Belt and Road” initiative.
The three law firms participating in the joint venture are all reputable firms in the industry. Beijing DHH ranked seventh among ALB 2019 Top 50 Asian Domestic Law Firms and China's Largest 30 Law Firms, and was also selected as the 2019 Top 10 Fastest Growing Law Firms; Hong Kong Fred Kan & Co. law firm has a history of more than 40 years. Founder of this firm, lawyer Fred Kan has been in the business for more than 50 years and has an extraordinary reputation in Hong Kong, Macau and internationally. L&L Law Firm was founded by Yongben Liang and Jinyue Li, who are the first Chinese law graduates of the University of Macau, and it is one of the leading firms in Macau. The association of these three parties will certainly inject a fresh and powerful force into the legal service market.
Mr. Cheng Ji, Director of Beijing DHH Law Firm, Mr. Fred Kan, Founder of Fred Kan & Co. Law Firm in Hong Kong, and Ms. Jinyue Li, Partner of Macau L&L Law Firm represented all the parties to sign the agreement. Mr. Zhifeng Tang, as the future executive partner of the joint venture law firm, introduced the firm's business structure and characteristics to the guests attending the forum and was welcomed by the guests.
The Guangdong - Hong Kong - Macau Greater Bay Area is a dynamic global urban agglomeration, which has worldwide influence on science, technology and finance as well as a deep market foundation. At the same time, the Greater Bay Area has special elements such as “one country, two systems”, three customs zones, and three jurisdictions. The legal issues it faces often cross multiple jurisdictions and require the assistance of domestic and foreign lawyers to resolve them. The future joint venture in three locations will take advantage of the integration of domestic and foreign lawyers to break through the previous operation mechanism of independent work of the Chinese and foreign lawyers teams in cross-border legal services, change the old model of loose cooperation, case-based, and affiliation in form approach, integrate resources, and promote substantive and closer cooperation, with a view to improving efficiency and ensuring the quality of handing cases.
The huge market capacity of the Greater Bay Area and its special regional advantages for the “Belt and Road Initiative” such as an access to the sea, have also attracted the attention of many domestic counterparts. The three-party joint venture, as an innovative firm, is establishing multi-dimensional strategic cooperation.