Khattar Wong, Eversheds’ associated firm in Singapore, today announced that it had been awarded a licence by the Government of the People’s Republic of China to practice in mainland China. The licence enables the operation of an office in the Stock Exchange building in the Pudong District of Shanghai.
Commenting on the opening Alan Jenkins, Eversheds’ head of international, said:
“I’m delighted the licence has been granted. Shanghai is one of the fastest growing cities in the world and is an area of increasing interest to our clients following China’s entry to the WTO and the phenomenal expansion of its economy and industrial base. The new office will complement the service we currently offer to clients in Asia via our associated firm Khattar Wong.”
The Shanghai office will assist clients in respect of both inwards and outwards business and will be headed by Lih Shyng Yang, a partner in Khattar Wong who has over fifteen years of experience in China related work. Commenting Lih Shyng said: “The approval to set up a representative office is an event which I have looked forward to tremendously. China will continue to attract a large volume of foreign investment, both in terms of value as well as in number of projects, and having a physical presence in China is a logical extension of our decade-long involvement and demonstration of our continued commitment to this challenging market.”
Rajan Menon, managing partner of Eversheds’ associated Singapore-based law firm, Khattar Wong, said:
“China is a vast country, having the largest population and one of the world’s most vibrant economies. It has even displaced the US as the top destination for foreign direct investment, expected to reach USD54 billion in 2003. The Shanghai office adds an important link to the regional practice of Khattar Wong and the international practice of our strategic alliance partner, Eversheds.”