News of slowing economic growth in China, once the motor of the world’s emerging economies, has already given stock markets around the globe a good scare this year. In January the Shanghai stock market dropped a whopping 25 percent, while the Hong Kong, NYSE, Nasdaq, and Nikkei exchanges all saw declines of 10 percent or more before making a partial recovery toward the end of the month.
How spooked are global law firm? The short answer: Not much. Despite the bear market in both Hong Kong and mainland China’s stock markets, partners from nine international law firms with leading China practices say they are generally bullish about their China practices, especially for deals in sectors such as Internet and healthcare. Government policy-driven projects and insolvency matters are also keeping lawyers busy, they say.
