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New Antitrust firm to begin operations in China in November

25 October 2012

A partner at the Beijing-based Grandall Law Firm is departing to form a new firm that aims to be one of the top Chinese law firms specialising in antitrust practice.

The new firm named Anjie Law, will also be based in Beijing and plans to begin operations in November. 
Zhan Hao, currently the executive partner at Grandall, said he will be taking with him the entire antitrust and insurance teams, about 40 lawyers in total, to form a firm consisting of 100 lawyers in the first instance. 
12 senior attorneys from eight leading Chinese law firms, including Grandall, Zhong Lun Law Firm, Zhonglun W&D Law Firm and Jia Yuan Law Offices, will be founding partners of Anjie, which will be open for business in November.
Three partners from Zhong Lun, including Michael Z.P. Gu, a veteran antitrust attorney,  and former Beijing Mingtai Law Firm managing partner He Yu will be serving on the executive committee of Anjie.
New recruits include partners Chen Bin, Cheng Bing, and Li Xiuzhe from Zhong Lun; partners Zheng Xilin and Huang Zaizai from Grandall; and some partners from Beijing firm Zhong Lun W&D as well.
AnJie will advise on joint ventures, insurance, intellectual property, and other foreign investment-related work. Antitrust will be a major focus of the new firm. It is a relatively new practice area in China, with a competition law only coming into effect in the country in 2008. But it has quickly become a lucrative practice area for Chinese firms. Though Chinese authorities have only blocked or blessed a handful of major acquisitions in China itself, they also review global mergers for their impact on the China market; international parties on big deals are keen to hire the right lawyers to avoid delays.
The new firm will will focus on Chinese clients with international clients expected to be mainly financial institutions, insurance companies and investment funds investing in China. It plans to set up branch offices in Shanghai and Shenzhen. It will also seek alliances with foreign law firms in Belgium, the US and the UK.
Chan Hao has stated that the Chinese legal industry has undergone transformation over the last three years with Chinese firms having gained increasing experience and influence, and are now becoming more competitive with reputable foreign law firms.
He said he considers the antitrust divisions of King & Wood and T&D Associates to be the “biggest competitors” of Anjie.
Aside from the antitrust business, the new law firm will also focus on insurance issues, as well as intellectual property and foreign investments, he said.

Last updated 29 October 12 09:29:32 AM
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