To provide all-round guarantee for the "going out" development of technology companies, the "Shanghai Lingang International Legal District" is coming
On May 28, the 2024 Shanghai International Technology Legal Services Conference and the China-EU Investment and M&A Industry Seminar and Matchmaking Conference were held in the Lingang New Area of the Shanghai Free Trade Zone. At the meeting, the Lingang New Area Administrative Committee and the European Chinese Lawyers Association signed a strategic cooperation agreement to carry out comprehensive cooperation in aspects such as cooperation between Chinese and European enterprises and projects, innovative legal service products, and training of foreign-related legal talents, so as to promote the cooperation between Chinese enterprises and European capital and lawyers. exchanges and cooperation with institutes, investment institutions and government agencies.
Gu Qun, president of the European Chinese Lawyers Association, said that European Chinese lawyers are familiar with European legal and business environments, and at the same time have a deep understanding of the needs of Chinese companies. They can quickly and efficiently assist Chinese overseas companies in Chinese to quickly adapt to European laws and regulations and ensure compliance. management and avoid risks; in addition, the association can also provide enterprises with other resources such as other service agencies, local business cooperation opportunities, etc.
“Compared with the merger and acquisition model in previous years, the current overseas business model is mainly direct investment. Chinese companies basically start from scratch in overseas business development and development. They need to clarify the myriad of things and quickly advance to seize the market and themselves. When the talent pool is insufficient, the services of European Chinese lawyers are even more needed,” Gu Qun said.
"Lingang New Area has brought together nearly 1,500 high-tech enterprises and 410 specialized and new enterprises. In 2023, the registered overseas investment amount will account for a quarter of the city's total. It is the bridgehead for Shanghai's technology enterprises to connect with the world." Lingang New Area Zhao Yihuai, full-time deputy director of the Administrative Committee, said that through measures such as making full use of Pudong New Area regulations and special support policies, introducing excellent legal service institutions and foreign-related legal talents at home and abroad, improving foreign-related commercial dispute resolution mechanisms, and establishing the Shanghai Science and Technology Law Alliance, the temporary The Hong Kong-Singapore Area provides comprehensive guarantees for the “going global” development of technology companies.
Xu Mengfei, the relevant person in charge of the Institutional Innovation and Risk Prevention Department of the Lingang New Area Management Committee, revealed that the new area is committed to building a technology and legal services cluster to promote the development of the technology industry and international cooperation. The current name is tentatively named Shanghai Lingang International Legal District.
"In future planning, we will take a series of measures to ensure that this area becomes the first choice for the legal needs of domestic and foreign technology companies." Xu Mengfei said that the Lingang New Area will optimize and improve property office conditions and provide more efficient services, etc., to attract more excellent domestic and overseas legal service institutions to provide better services to technology companies; build a Shanghai Legal Science and Technology Innovation Center, encourage strong cooperation between technology companies and legal service institutions, and promote special partners of law firms The system was first implemented in Lingang to explore open legal technology application scenarios, encourage legal technology companies to promote legal technology products such as artificial intelligence and large models, promote legal service innovation, improve the quality and efficiency of legal services, and meet the diverse needs of enterprises.
In addition, Lingang New Area will also strengthen international exchanges and cooperation, establish closer cooperative relationships with foreign legal institutions and experts through the "Belt and Road" International Legal Exchange and Cooperation Center, and attract more international legal service institutions to settle in. Provide global legal service support for technology companies to go global. In response to the needs of technology companies going overseas, we will give full play to the role of cross-border access, shipping access, legal access and going abroad comprehensive service platforms to provide more customized services such as cross-border compliance consulting and overseas intellectual property rights protection services.
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