Harneys has expanded its Asia operations with the official launch of its Shanghai office as a fully operational legal and fiduciary services firm.
The global offshore law firm was granted a licence to offer international legal services by China’s Ministry of Justice earlier this year, making it the first offshore law firm with a full service legal team on the ground in China.
The Shanghai team will be led by Kristy Calvert, who has more than 15 years’ experience of working on cross-border transactions, ten of which were gained in the PRC.
The team will work alongside Harneys’ two other full service Asia offices in Hong Kong and Singapore and its representative office in Tokyo to offer a full range of offshore legal and fiduciary services across each of its key practice areas: corporate and commercial, banking and finance, investment funds, private client and trusts, and litigation and restructuring.
Asia managing partner, Jonathan Culshaw, commented: “Establishing a full service legal team on the ground in the PRC is a key milestone in our strategic plan for Asia. Harneys has been advising China-based clients on the offshore aspects of Chinese inbound and outbound transactions since the 1980s, with the vast majority of our instructions historically emanating from China."
The expansion means Harneys is the only PRC-based legal services team practising offshore law, specifically the laws of BVI, Cayman and Bermuda.
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