Appleby First To Offer Offshore Legal Advice In China
by Mike Godfrey, Lowtax.net, Washington
30 April, 2014
Appleby has become the first offshore law firm licensed to provide legal advice in mainland China, where it has had a Shanghai base since 2012.
Appleby has offices in many offshore centers including Bermuda, the British Virgin Islands, the Cayman Islands, Jersey, Guernsey, Hong Kong, the Isle of Man, Mauritius and the Seychelles. It is hoped that the issuance of this new licence will open up new opportunities for the firm in Asia.
Gavin Ferguson, Managing Partner of Appleby Guernsey said: "This development will significantly enhance our ability to offer integrated services between Guernsey and the Chinese market. Guernsey is a key financial center that can package, administer, and invest international capital from China at a competitive cost, without dislocating domestic tax systems. For Appleby this is an exciting development which will allow us to not only grow our business, but to also enhance the first class service we offer our international clients from Guernsey and the eleven other offices from which we operate."
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 practice from within China will catapult our strategy for Asia and China forward, and we are very excited about this prospect."
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