Hong Kong firms poised to advise on PRC law in China as liberalisation gathers pace
Hong Kong law firms are set to discover whether they will be permitted to advise on PRC law in China in a new special economic zone under development in the south of the country. The Law Society of Hong Kong has submitted proposals to the mainland authorities asking for Hong Kong firms to be allowed to advise on the ground in China by setting up joint ventures with mainland outfits in the new Qianhai Special Economic Zone (SEZ), which is due for completion in 2020. It is expecting a decision within the next two months. The proposals state that Hong Kong firms should be allowed to tie up with mainland Chinese firms based in the Guangdong province to form new joint entities, which in turn could offer a one-stop shop for legal services for Chinese clients.
Lawyers welcome plans to allow HK firms to operate in China through tie-ups with mainland outfits
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