Post by account_disabled on Mar 7, 2024 3:51:10 GMT
British bank Clifford Chance one of the largest in the world formally requested authorization from the South Korean government to open a branch in the country. The English went ahead of American firms such as Thacher Bartlett Cleary Gottlieb Steen Hamilton and McDermott Will Emery which expressed their intention to set up offices in the country but did not make the request to the Korean authorities.
We have indicated our interest in opening an office in South Korea and have now gone through the necessary processes to make this happen said Peter Charlton managing partner for Asia at Clifford Chance in an official email statement. Charlton also cited a document from the South Korean Ministry of Justice in which the country's government admits that the English bank was the first and only one to date to file the formal request. The panel however did not make any statements about how long the analysis process and the resulting start of activities on site will take.
In South Korea opened the market to foreign law firms BTC Number Data with the simultaneous conclusion of free trade agreements with the United States and the European Union. However there are a series of restrictions placed by the authorities in relation to the practice of legal consultancy by foreigners in the country.
Despite the slight advantage of English newsstands the workforce behind the initiative is all North American. Lawyers from the USA partners and associates at Clifford considered more prepared than their English colleagues should take the lead in the firm's arrival in Seoul. Lawyer Hyun Suk Kim a professional trained in the USA and currently working in Hong Kong is expected to take the lead in the endeavor.
The rush of foreign law firms — that is American and British — to Asia continues exponentially according to specialized publications such as The Asian Lawyer itself a kind of duplication of the monthly magazine The American Lawyer which needed to invest in team and structure in loco to cover the gold rush to the Asian continent.
On Monday it was the turn of the Texan law firm Akin Gump Strauss Hauer Feld to open an office in Hong Kong after confirming the recruitment of former partners from competitors Shearman Sterling and Norton Rose the first being American and the second English. Until then operating modestly in Beijing the firm decided to migrate to Hong Kong due to the city's recent rise attracting law firms from other parts of China where restrictions on consultants in foreign law are more solid.
We have indicated our interest in opening an office in South Korea and have now gone through the necessary processes to make this happen said Peter Charlton managing partner for Asia at Clifford Chance in an official email statement. Charlton also cited a document from the South Korean Ministry of Justice in which the country's government admits that the English bank was the first and only one to date to file the formal request. The panel however did not make any statements about how long the analysis process and the resulting start of activities on site will take.
In South Korea opened the market to foreign law firms BTC Number Data with the simultaneous conclusion of free trade agreements with the United States and the European Union. However there are a series of restrictions placed by the authorities in relation to the practice of legal consultancy by foreigners in the country.
Despite the slight advantage of English newsstands the workforce behind the initiative is all North American. Lawyers from the USA partners and associates at Clifford considered more prepared than their English colleagues should take the lead in the firm's arrival in Seoul. Lawyer Hyun Suk Kim a professional trained in the USA and currently working in Hong Kong is expected to take the lead in the endeavor.
The rush of foreign law firms — that is American and British — to Asia continues exponentially according to specialized publications such as The Asian Lawyer itself a kind of duplication of the monthly magazine The American Lawyer which needed to invest in team and structure in loco to cover the gold rush to the Asian continent.
On Monday it was the turn of the Texan law firm Akin Gump Strauss Hauer Feld to open an office in Hong Kong after confirming the recruitment of former partners from competitors Shearman Sterling and Norton Rose the first being American and the second English. Until then operating modestly in Beijing the firm decided to migrate to Hong Kong due to the city's recent rise attracting law firms from other parts of China where restrictions on consultants in foreign law are more solid.