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Squaring up to circular training

Chief legal officer and senior legal counsel of Louis Dreyfus Company share practical tips on protection against circular trading risks

Anchoring growth

Can in-house counsel step up as champions of business growth amid the challenges of compliance and technology?

Corporate criminal risk: Pitfalls and course corrections

By Wang Siwei, Bohe & Hansen

Criminal exposure is the risk companies can least afford

Latest cautious steps in China’s maturing bankruptcy law

By Nafisa Nihmat, Zhong Lun Law Firm

With fear for bankruptcy reorganisation largely dissipated and cities exploring personal bankruptcy, China is slowly but surely maturing its insolvency scheme

Simpson Thacher to reopen in Singapore after 23-year absence

Simpson Thacher & Bartlett is planning to reopen a Singapore office to strengthen cross-border capabilities across the Asia-Pacific region

Navigating mining dispute resolution

By Zhao Yue, Bairui Law Firm

A long-time legal adviser to the coal and energy sector, the author has navigated multiple episodes of upheaveal in mining

China offshore income tax: ‘look-back’ versus recovery

By Ye Yongqing and Wang Yixiao, Anli Partners

Relearning trade secret protection in the age of AI agents

By Steve Zhao and Simon Du, GEN Law Firm

In recent years, in-house counsel discussion of AI and trade secrets has largely focused on the scenario of “staff feeding data into ChatGPT”, which is a valid concern

The duty of care in property management

By Robbie Sun, Ronly & Tenwen Partners

Former MoFo private equity partner joins JunHe

JunHe has recruited private equity lawyer Zhao Rongjing as a partner, based at the firm’s Shanghai and Hong Kong offices

Case study: Seeking compensation for ‘no contract’ overseas projects

By Cindy Ge, Hiways Law Firm

In 2018, a large state-owned design institute signed a strategic co-operation agreement with a Hong Kong investment company to jointly develop a hydropower project in Nepal

Responding to legal challenges in overseas investment

By Zhang Tianyi, Tahota Law Firm

As geopolitical shifts and tighter scrutiny reshape Belt and Road investments, businesses must adopt full-cycle legal strategies to ensure stability and growth.

Guantao, Landing open Zhuhai offices in GBA expansion

Guantao Law Firm and Landing Law Offices set up branches in Zhuhai, further strengthening their respective presence in Greater Bay Area

King & Wood opens in Vancouver and LA after Mallesons split

King & Wood today announced the opening of new offices in Vancouver and Los Angeles, further enhancing its service capabilities across North America

Zhong Lun adds four dispute and capital markets partners

Zhong Lun has continued to bolster its ranks by adding four partners, following Tony Chow’s appointment in February

Wintell & Co takes over boutique firm to open Nanjing office

Shanghai-headquartered Wintell & Co has taken over local boutique Fides Law Firm to set up a Nanjing office, further strengthening its integrated Yangtze River Delta strategy

Using SPVs to control founder risks in VAM agreements

By Peng Guopeng, W&H Law Firm

In investment and M&A deals, valuation adjustment mechanism (VAM) agreements, also known as bet-on agreements, are increasingly used to bind the parties’ interests and drive the target’s performance

Partner compliance and trade secret protection in the AI era

By Jolie Yan, Han Kun Law Offices

This article focuses on two areas, third party governance and trade secret protection, setting out the key shifts and compliance priorities driven by AI

Implications of Asian source countries asserting tax rights

By Carl Liu, Guantao Law Firm

The post-base-erosion-and-profit-shifting (BEPS) world is reshaping international tax rules

New rules on short swing trading strengthens compliance: lawyers

The China Securities Regulatory Commission issued the regulation on short swing trading on 6 March

Shareholder agreements: Validity, limits and evolving rules

By Jiang Xuan and He Lingyu, Zhong Lun Law Firm

M&A: A new way

As M&A activities climb across the region, rising regulatory complexity and shifting market dynamics are redefining strategy, execution and the evolving role of general counsel

Duan & Duan set to open Guangzhou office in GBA expansion

Duan & Duan Law Firm has received regulatory approval to establish a Guangzhou office

Corporate risk from independent bid rigging by employees

By Yang Qichen, Starrise Law Firm

Firms assist PCB maker Delton Technology’s HKD3.3bn IPO

Delton Technology has listed on the HKEX on 20 March, raising HKD3.31 billion (USD422 million)

Firms act on Voyah’s debut and Dongfeng’s delisting on HKEX

China’s state-owned automobile manufacturer Dongfeng Group delisted from the HKEX on 18 March, and the following day, its subsidiary Voyah debuted on the HKEX main board by way of introduction

Chance Bridge adds dispute resolution partner in Beijing

Chance Bridge Law Firm has hired Li Wanping as a partner at its Beijing headquarters, strengthening its capabilities in high-end dispute resolution and corporate matters

JunHe brings in customs specialists for Shenzhen office

JunHe has hired Ginger Jiang and Hou Ya at its Shenzhen office, further strengthening the firm’s customs and trade compliance practice. 

Dispute and regulatory investigations partner rejoins HFW

HFW has hired litigation, arbitration and regulatory investigations partner Sumarsono (Jacky) Darsono in Hong Kong

Hui Zhong hires dispute resolution partner and counsel

Hui Zhong Law Firm has hired partner Zhou Xi and counsel Wu Chenfei at its Beijing headquarters and Shanghai office

Regulatory and investigations partner rejoins Kirkland

Kirkland & Ellis has hired Jenny Li as a partner in its government, regulatory and internal investigations practice in Shanghai

The house loses

As Asian regulators tighten controls on online gambling, cross-border networks and advancing technologies remain one step ahead, testing the limits of regulation

Proportionate liability

This column discusses proportionate liability and the written law that governs the concept in common law jurisdictions and the Chinese mainland

Understanding AIGC platforms’ duty of care

By Quan Wei and Zhu Wenhan, Jingtian & Gongcheng

Navigating public opinion management

By Lyu Haishan and Xian Mingying, ETR Law Firm

Firms steer Anta’s EUR1.5bn acquisition of 29% stake in Puma

Fangda Partners, Freshfields, Noerr and DVMB acted as legal advisers on the deal

Firms advise on micro-drive maker Zhaowei’s HKD1.9bn HKEX IPO

Zhaowei Machinery & Electronics listed on the HKEX on 9 March, raising HKD1.9 billion (USD243 million)

Pinsent Masons, China Commercial Law establish joint venture

Pinsent Masons has formed a joint venture with China Commercial Law Firm in Qianhai, Shenzhen

Clearing the way

The Enterprise Bankruptcy Law revisions set to clear obstacles for allowing the reorganisation of struggling companies

Trade secret crime deadlock solutions and compliance protection

By Mitchell Liu and Lu Shijiao, AllBright Law Offices

Learn technical comparisons, evidence exclusion and court coordination to secure criminal remedies in trade secret criminal cases

Highlights of China’s new Commercial Mediation Regulation

By Zou Hongli and Liu Xuanxuan, Guantao Law Firm

China’s new commercial mediation rules build a full loop: mediation scope, confidentiality, mediator liability and enforceable settlements at home and abroad

Halting payment under a cross-border independent guarantee

By Wei Dong, W&H Law Firm

Leverage URDG article 23 timelines and evidence structuring to prove abuse of demand and obtain emergency relief in cross-border cases

International Women’s Day 2026: Breaking the glass ceiling

On IWD 2026, we speak with three women in law who have pierced that ceiling. Their journeys differ, yet they point in the same direction

Jia Yuan adds capital markets partner in Hong Kong

Jia Yuan Law Offices has hired Echo Shen as a partner at its Hong Kong office

China rules push RWA tokenisation out of grey zone: lawyers

China has tightened oversight of virtual currencies and real-world asset (RWA) tokenisation

Importance of evidence organisation to a court’s application of law

By Liu Jun and Jin Ronghua, Kangda Law Firm

Even without an entry in the shareholder register, an equity transferee may still be treated as a shareholder

Determining shareholder status in equity transfers

By Huo Jincheng and Wang Xuechen, Kangda Law Firm

A co-shareholder sued to void a multibillion-renminbi equity transfer on right-of-first-refusal grounds

Loeb & Loeb recruits investigations partner for Greater China

Loeb & Loeb has hired Phoebe Yan as a partner in its Beijing and Hong Kong offices to strengthen its investigations and regulatory practices across Greater China

MoFo helps clear Insta360 in GoPro section 337 patent probe

MoFo helped clear Insta360 of patent infringement allegations in a Section 337 investigation initiated by GoPro in March 2024

Demise of Fu Jing 001: Marine insurance liability and risk control

By Li Ling, Guantao Law Firm

As the insurers’ bid to deny coverage for Fu Jing 001’s typhoon sinking failed in court, force majeure is no blank cheque for avoidance of liability

Administrative dispute over dictionary pen design patent

By Su Zhifu, Hui Zhong Law Firm

Hard-fought patent rights can still be snatched away via invalidation. Netease Youdao, online dictionary operator and smartpen maker, faced this risk in a recent administrative dispute    

TianTong opens Hangzhou office

Beijing-headquartered TianTong Law Firm has opened an office in Hangzhou

Ready for take-off

Eight leading arbitration institutions share the latest trends and developments across the board

Jingtian & Gongcheng steers iSpace’s RMB5bn fundraising

Chinese private rocket company iSpace has raised RMB5.04 billion in a series D++ financing round, marking the largest single fundraising in China’s commercial launch vehicle sector

Firms assist Zoomlion’s RMB6bn H-share convertible bond

Zoomlion Heavy Industry issued RMB6 bn in convertible bonds maturing in 2031. Norton Rose Fulbright, Fangda, Linklaters and Haiwen provided legal support

How 2025 redefined listed company reorganisation

By Gao Meili, Dacheng Law Offices

Listed company reorganisation enters new phase in 2025. Pre‑procedures stretch. Industry upgrade becomes core

Firms assist Lead Intelligent’s HKD4.93bn Hong Kong listing

Lead Intelligent debuted on the HKEX on 11 February, raising HKD4.93 billion (USD630 million)

Grandway adds two capital markets partners

Grandway has recruited partners Zhang Liu and Zhang Cheng, strengthening its securities and capital markets practice

Counselling counsel

Weir legal director offers simple psychological tips for in-house counsel

Firms steer Axera HKD2.96bn IPO

Chip supplier Axera listed on the Hong Kong Stock Exchange, raising HKD2.96 billion (USD378.7 million) and becoming the first Chinese edge AI chip company to go public

Private equity partner rejoins Weil in Hong Kong

Weil welcomed back private equity expert Yu Peng as a partner in its Hong Kong office, where he had previously practised for three years

Firms steer Montage Technology’s HKD7bn Hong Kong IPO

Montage Technology, a leading provider of data processing and interconnect chips, listed on the HKEX on 9 February, raising USD901 million

Firms guide on HKD4.83bn IPO of circuit board maker Han’s CNC

Han’s CNC Technology debuted on the HKEX main board on 6 February, raising HKD4.83 billion (USD618 million)

Firms act on Kuaishou’s USD2bn dual-currency bond issue

Kuaishou Technology has issued its first offshore bonds, raising the equivalent of USD2 billion through a dual-currency offering

Navigating criminal risks in data processing

By Ding Wen and Su Zhongming, Starrise Law Firm

Firms act on pig breeder Muyuan Foods’ HKD10.68bn HKEX IPO

Muyuan Foods, the world’s largest pig breeder, debuted on the HKEX on 6 February, raising HKD10.68 billion. Fangda, Clifford Chance, KWM and Kirkland & Ellis provided legal services

Stephenson Harwood starts strategic co-operation with W&H

Stephenson Harwood has formally launched a co‑operation with PRC peer W&H Law Firm, covering business collaboration, knowledge sharing and talent development

Linklaters designates William Liu as chair of Asia

Linklaters has appointed capital markets partner William Liu as the chair of Asia, tasking him with advancing the firm’s strategy in this region

Firms assist Eastroc Beverage on HKD10.1bn HKEX IPO

Health drinks producer Eastroc Beverage has debuted on the HKEX, raising HKD10.1 billion. HSF Kramer, DeHeng , Jia Yuan and O’Melveny advised on the listing

Mercado Libre adds former AliExpress legal director for Shanghai

Latin American e-commerce giant Mercado Libre has appointed Mah Soon Sin as its China head of legal and government relationship

Firms advise on GSK’s USD2.2bn RAPT buy, accesses China drug

British pharmaceutical giant GSK has entered an agreement to acquire US-based clinical-stage biopharmaceutical company RAPT Therapeutics for around USD2.2 billion

Firms act on snack retailer Busy Ming’s HKD3.67bn HKEX IPO

Snack retailer Busy Ming raised HKD 3.67 bn in its HKEX IPO. Clifford Chance, CM Law Firm, Cleary Gottlieb, Jingtian & Gongcheng and Han Kun advised on the transaction

Firms assist on Zijin Gold’s CAD5.5bn buy of Canadian peer

Zijin Gold plans to acquire Allied Gold for CAD 5.5 billion. Cassels Brock & Blackwell, Fasken and Paul Weiss advised on the deal

Economic crime risks, defences in commercial AI

By Ethan Zhang, Joint-Win Partners

Firms act on miner CMOC’s USD1.2bn convertible bond issue

Major mining group CMOC issued one-year zero-coupon convertible bonds value at USD1.2 billion on 26 January

Firms guide on ByteDance-US JV to secure TikTok operations

ByteDance has reached an agreement with American investors to establish a US joint venture focused on data security, enabling TikTok’s continued operations in the country

China Business Law Awards 2026 – We are accepting submission!

China Business Law Journal is conducting extensive research for the annual China Business Law Awards 2026, which will be presented to the best Chinese and international law firms serving the China market

Hui Zhong recruits international arbitration talent in HK

Hui Zhong Law Firm has hired Kitty Zheng as a partner and Wu Hao as counsel at its Hong Kong office

Jia Yuan opens branch in Changsha becoming its 8th office

Jia Yuan Law Offices has opened an office in Changsha, marking another expansion move following the opening of its Wuhan office

Zhong Lun opens Xi’an office in Belt and Road expansion

Zhong Lun Law Firm has recently established a branch office in Xi’an, marking its first presence in northwest China and its 17th office worldwide

Firms assist SF, J&T in HKD8.3bn cross-shareholding deal

SF Express entered into an HK$8.3 billion cross‑shareholding agreement with J&T Express, advised by HSF, Linklaters and Global Law Office

Investment models and risk mitigation in distressed real estate

By Peng Shaohua, Tahota Law Firm

As China’s real estate sector continues its downward adjustment, multiple developers are entangled in debt distress

Capital markets partner rejoins K&L Gates in Hong Kong

K&L Gates has rehired Lu Guiping as a partner at the Hong Kong office to strengthen its international debt and equity capital markets practice

Malaysia’s RDS in strategic alliance with China’s DeHeng

RDS Partnership has formed a strategic alliance with China’s DeHeng Law Offices to support Malaysian clients expanding into the country

Firms assist on DFS Greater China sale to CTG Duty Free

LVMH will sell DFS’s Greater China business to CTG Duty Free for no more than USD395m. Freshfields, Ruimin Law Firm and KWM advised on the deal

Seeking company resolution validation

By Zuo Yuru and Zhang Huan, Zhong Lun Law Firm

Firms advise on RemeGen’s USD5.6bn AbbVie licensing deal

Freshfields and Global Law Office have advised Chinese biotech RemeGen on an exclusive licensing agreement with AbbVie

Shihui and Skadden assist on Deppon’s voluntary delisting

Deppon Logistics has recently proposed a voluntary delisting from the SSE in a bid to align with evolving sector trends

DeHeng opens Hanoi office to deepen Southeast Asia push

DeHeng Law Offices opened its Hanoi branch on 10 January, marking its fifth Southeast Asian office

China on course to personal debt relief in corporate bankruptcies

By Liang Qiang and Ma Jinpeng, Zhong Ce Law Firm

Revised bankruptcy law introduces limited personal debt relief for insolvent company shareholders

How protection funds compensate bankrupt financial institutions

By Du Wenle and Pang Yadan, Han Kun Law Offices

As China’s financial risk landscape evolves, the draft revision of the Enterprise Bankruptcy Law introduces critical rules for protection funds

Firms advise GigaDevice’s HKD4.68bn Hong Kong listing

Chinese chip supplier GigaDevice listed on the HKEX main board on 13 January, raising about HKD4.68 billion (USD600 million)

Sunwell onboards trade remedies expert in Shanghai

Shanghai’s Sunwell Law Firm has bolstered its China-Europe trade and investment practice by appointing Song Liwei, a Paris Bar-qualified

Firms steer AI developer MiniMax’s HKD4.82bn Hong Kong IPO

Marking the largest IPO to date by an AI LLM company, advised by eight law firms

The A-List 2025-26: Growth Drivers

Growth Drivers: We highlight leading Chinese and international lawyers who excel across legal and business sectors

The immovables rule

The UK Supreme Court’s 2024 decision in Kireeva v Bedzhamov reaffirms the absolute nature of the immovables rule

Firms map out Knowledge Atlas’ HKD4.3bn IPO

Knowledge Atlas (Zhipu) made history as the world’s first listed general-purpose LLM company on the HKEX on 8 January 2026

Firms guide Bright Scholar Education privatisation

Bright Scholar Education, backed by Country Garden’s founding family, has completed privatisation and delisted from NYSE

Rewriting the arbitration playbook

Revised law aims to rebrand China as a trusted forum, offering relief to companies facing cross-border disputes

Firms act on Country Garden’s USD17.7bn debt restructuring

Country Garden’s USD17.7bn offshore debt restructuring took effect on 30 December 2025, among China’s largest

Market volatility challenges risk management amid M&A stumbles

Terminated M&A deals sweep China’s semiconductor sector, drawing widespread market attention

Heat and chill

Caught between national ambition and market reality, law firms in Chengdu and Chongqing are reshaping their paths

Challenges in cross-border dispute resolution when going global

By Zhao Fang and Wu Jiji, Hui Zhong Law Firm

Why do Chinese enterprises often lose overseas disputes? This article explores core barriers and provides actionable solutions

Firms advise on GPU developer Biren’s HKD5.6bn Hong Kong IPO

Chinese GPU developer Biren Technology listed on HKEX’s main board on 2 January, first of its kind to go public

Legal support behind Chengdu’s manufacturing push abroad

By Gan Jianming and Zheng Wenwen, Tahota Law Firm

As Chengdu pushes its “Brands Going Global” strategy, manufacturers shift from exports to global value chains

Micro-drama investment disputes and countermeasures

By Quan Wei and Zhu Wenhan, Jingtian & Gongcheng

Jingtian & Gongcheng opens in Chongqing

Jingtian & Gongcheng opened a Chongqing office on 19 December 2025, its 11th nationwide and second in southwest China

Zhong Lun adds ex-Sidley lawyer, hires new regional partners

Zhong Lun adds Leonard Lou as counsel in Beijing and hires Wu Kaiqi and Yu Jiakai as regional partners

AstraZeneca recruits former Merck executive legal director

AstraZeneca appoints former MSD legal director James Yuan as head of Asia-Pacific compliance investigations

Firms advise on WuXi AppTec’s China clinical research sale

WuXi AppTec has sold its China clinical research services business to Hillhouse Investment

Latest Business Law Updates in Asia 2025

Stay informed on the latest legal developments shaping Asia's business landscape

Brighteous opens first overseas branch in Thailand

Hangzhou-headquartered Brighteous Law Firm has opened its first overseas branch in Bangkok, Thailand, marking its 10th office in 20 years

Haiwen recruits capital markets partner in Hong Kong

Haiwen & Partners hires Zheng Jianhao as a Hong Kong partner to strengthen its offshore capital markets and financing practice

Global Law Office launches branch in Suzhou

Global Law Office has launched a new branch in Suzhou, expanding its China network and focusing on advanced manufacturing and cross-border investment

Tian Yuan aids China Hongqiao’s RMB63.5bn aluminium M&A deal

Tian Yuan advised on China Hongqiao’s RMB63.5 billion aluminium merger, the largest private A-share M&A deal in China

KWM adds international capital markets partner

King & Wood Mallesons has hired Lisa Yuan as an international partner, bolstering the firm's cross-border and international capital markets practice

Firms advise Geely on taking electric carmaker Zeekr private

Simpson Thacher, Fangda Partners, Davis Polk, Ogier, KWM, Latham & Watkins and Maples Groupadvised Geely on a USD2.4 billion deal to take electric carmaker Zeekr private and delist it from the NYSE

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