Offshore lawyers Applebys have become the first offshore law firm that has received a licence to provide legal advice in Mainland China, where the firm has been based since 2012.
Applesbys have been in practice since the 1880s as a Bermuda-based law firm who have expanded internationally.
A press release from Appleby says the leading offshore fiduciary and legal advisory firm has been delivering fiduciary services only from Shanghai. The formal announcement of a legal practice certificate opens up the opportunity in China for Appleby significantly.
Appleby Chairman, Frances Woo, said: “Being awarded a licence to offer clients based in China offshore legal advice from our Shanghai office is a key milestone in our strategic plan. China is of course a thriving market and one that we understand deeply since we have been advising clients on their Chinese inbound and outbound transactions from Hong Kong for almost 25 years. Being able to practise from within China will catapult our strategy for Asia and China forward, and we are very excited about this prospect.”
Partner Malcolm Moller will lead the development of Appleby’s offering in China, supported in Shanghai by Associate, Kate Li and Fiduciary Head of Business Development in China, Scott Reid as well as the firm’s Greater China team which includes over 15 Partners and fee-earners based in Hong Kong.