Liangjiang establishes foreign-related legal services team

Liangjiang is home to 160,000 business entities at the end of 2024. [Photo by Lan Tian]

On Feb 12, Liangjiang New Area established its first foreign-related legal services team, which comprises 28 professionals, including lawyers, notaries, and judicial appraisers. An official noted that the initiative is designed to optimize the business environment and boost the development of an open economy.

The team will serve market entities and cross-border projects in Liangjiang across multiple domains, such as investment and mergers, international finance, compliance, intellectual property, commercial litigation and arbitration, and taxation.

The team will also offer professional advice to aid decision-making processes related to economic openness. They will establish a coordination mechanism for international exchange and cooperation, enhance the synergy between the legal services industry and economic development, and conduct legal service promotional activities for market entities.

Zheng Wenwen, a member of the team and a practitioner at Tahota Law Firm, said foreign-related legal services extend beyond interpretation and application. They facilitate cross-cultural communication and support the international development of enterprises.

The team will strengthen collaboration with domestic and international legal professionals, integrate resources, and deliver holistic legal services to businesses.

Luo Lun, deputy director of the Chongqing Liangjiang New Area administrative committee, highlighted the team's aims to provide comprehensive legal support for local enterprises entering global markets and assist foreign-funded companies in understanding local policies and regulations.

As inland China's first national-level development and opening-up new area, Liangjiang has attracted 190 Fortune Global 500 companies. It has also gathered 41 foreign-related institutions and established international cooperation industrial parks such as the Sinoswiss Technopark and the Sino-German Industrial Park.