Appleby has received a license from China’s Ministry of Justice to provide offshore legal services in the country from its Shanghai base.
The firm has appointed partner Malcolm Moller to head its new legal offering in China.
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In addition, Moller will be assisted by associate Kate Li in Shanghai and fiduciary head of business development in China, Scott Reid alongside the firm’s Hong Kong team with over 15 partners and fee-earners.
Through this license, Appleby is seeking to expand its China practice with a focus on areas such as corporate, commercial, finance, litigation and insolvency.
Appleby has a base in Shanghai since 2012 that currently provides fiduciary and administrative services prior to receiving the legal practice licence.
The new legal services will enhance the firm’s ability to offer integrated services between Jersey and the Chinese and Asian markets.
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By GlobalDataMichael Cushing, office managing partner, Appleby Jersey said: "Jersey is a key finance centre with the skills and resources to administer and invest international capital at a competitive cost. Growth markets such as China provide new sources of business for Jersey and are at the heart of Appleby’s business development here in Jersey and elsewhere across our Group."
Frances Woo, chairman, Appleby said: "Being awarded a licence to offer clients based in China offshore legal advice from our Shanghai office is a key milestone in our strategic plan. Being able to practise from within China will catapult our strategy for Asia and China forward, and we are very excited about this prospect."
