More Than 5 Law Firms In Wuxi Have Engaged In Foreign-Related Businesses.

The boss of a large cable company in Wuxi has recently breathed a sigh of relief: a claim of $5 million by foreign companies has been avoided by the involvement of foreign lawyers in Wuxi.

It turned out that in the second half of 2014, the company signed a contract worth several hundred million dollars with a country in the Middle East. After a long time, the other side made use of the loopholes in the relevant laws of China and foreign countries to make a huge claim to Wuxi enterprises.

After receiving urgent help from enterprises, Jiangsu Yun Ya law firm, which has rich experience in foreign legal business, immediately sent out a team of lawyers. Through detailed investigation and study of the laws and cases at home and abroad, the company finally produced convincing legal advice, prompting the court to order banks to stop paying claims and to avoid significant losses for enterprises.

The relevant person in charge of the Wuxi Lawyers Association told reporters that only ten years ago, only a handful of three or four lawyers in the city were able to undertake foreign related businesses, and Wuxi enterprises had to face up to overseas disputes and engage foreign lawyers in Shanghai, Beijing and Shenzhen.

Now,

More than 5 law firms have carried out long-term and stable foreign-related businesses, and dozens of foreign lawyers have gallop in the international legal service market, including 3 lawyers such as Song Zhengping, Dan Shiwen and Chen Yiping.

And the National Lawyers' foreign lawyers' leading talent pool, regardless of the proportion of foreign lawyers, or the volume of foreign-related legal services, are among the best in Jiangsu.

Not only are pnational disputes settled, but many of Wuxi's foreign lawyers have become "high profile" for overseas investment of local enterprises.

Since March 2012, Jiangsu Chen Geng law firm

Wang Minqin was commissioned by a large state-owned enterprise in Wuxi to participate in cooperation with a German aircraft company.

Over the past few years, the joint venture has held a board meeting every time. Wang Minqin will not only participate in the selection of the agenda but also participate in the whole conference. He will give legal explanations to some Chinese and foreign directors on some important issues, and issue legal opinions.

The professionalism and professionalism of lawyers in Wuxi have won high recognition from foreign directors.

More and more high level foreign lawyers have also made foreign investors more reassured, which has virtually promoted the soft environment of investment in Wuxi.

Song Zhengping, director of Jiangsu cloud cliff law firm, said that the volume of foreign-related business in recent years has increased by more than 20%. Many multinationals will invest in projects in other areas of Wuxi and Jiangsu, and they will be entrusted to participate in the whole process. "When to do what matters and how to handle relevant procedures, foreign bosses will listen to us."

Song Zhengping said with a smile.