2017 has seen the international market reach a turning point in globalization. Investment barriers increase along with growing global trade, and the economic trend of deglobalization is gaining strength. In 2018, Chinese enterprises are expected to place equal importance on “bringing in” and “going global” strategies. In this context, the Fourth China Outbound Forum, organized by the Center for China and Globalization, China Association for International Economic Cooperation of MOFCOM and the Sanya government, was held in Sanya, Hainan on 17-18 November 2017.
Zhang Yi, Chairman of KWM China Management Committee and president of the KWM Institute, was invited as a guest speaker at the forum. He pointed out that the Chinese enterprises under the Belt & Road Initiative are facing not only overseas opportunities but also significant challenges and bottlenecks for development. This is exactly when Chinese lawyers and the Think Tank should fulfill their social responsibilities. Lawyers may safeguard Chinese enterprises “going global” by providing top-quality professional legal services to prevent risks, protect their interests and solve disputes in their overseas business.
KWM Global Chairman Wang Junfeng stated, “The Belt & Road Initiative and its implementation are an important part of China’s economic development and overall diplomatic layout. With its global practice network and abundant cross-border practice experience, KWM has always regarded it as an important mission to advise Chinese enterprises on their “going global” process, and will give full play of its role in the Belt & Road development.”
To help Chinese enterprises better understand the general trend, the specific situations, and the right direction in practice, King & Wood Mallesons (KWM) and the KWM Institute jointly published and issued the “Think Tank Report: Legal Practice under the Belt & Road Initiative”. The report integrates the expertise of the KWM Institute and KWM lawyers’ years of experience in cross-border M&A, international engineering contracting, dispute resolution and other sectors. It includes the latest practice and case analysis of macro risk management, compliance, dispute resolution and other legal issues in overseas investment and M&A, and offers enterprises a more vivid and targeted reference.