23 Asian Legal Business | January 2025 2025 ALB China Top 15 Cybersecurity & Data Protection Lawyers LIST Chen Fu (Frank) 陈福 Dacheng Law Offices 大成律师事务所 Chen Wenhao 陈文昊 Merits & Tree Law Offices 植德律师事务所 Dong Hao (Donnie) 董皓 Hylands Law Firm 浩天律师事务所 Fu Peng (Victor) 傅鹏 Haiwen & Partners 海问律师事务所 Hu Jing 胡静 Grandall Law Firm 国浩律师事务所 Liu Xinyu (Jeffrey) 刘新宇 Zhong Lun Law Firm 中伦律师事务所 Ning Xuanfeng (Susan) 宁宣凤 King & Wood Mallesons 金杜律师事务所 Shen Bowen 沈博文 Jincheng Tongda & Neal Law Firm 金诚同达律师事务所 Wang Xinrui (Raymond) 王新锐 Shihui Partners 世辉律师事务所 Xu Yunfei 徐云飞 Zhonglun W&D Law Firm 中伦文德律师事务所 Yang Xun 杨迅 Llinks Law Offices 通力律师事务所 Zhang Yue (Brett) 张岳 JunHe LLP 君合律师事务所 Zhou Yang 周杨 Jingtian & Gongcheng 竞天公诚律师事务所 Zhu Min 朱敏 Han Kun Law Offices 汉坤律师事务所 Zou Danli 邹丹莉 Commerce & Finance Law Offices 通商律师事务所 the implementation of new laws, the capital markets were among the first to experience strong demand for compliance services. Leveraging Commerce & Finance’s expertise in crossborder capital markets, Zou has been involved in many of such projects. Similarly, Zhou and her team at Jingtian & Gongcheng have capitalized on the firm’s leadership in cross-border IPOs by delivering highquality, efficient data compliance services, gaining more collaboration opportunities in the process. Zhou further observes that in mergers and investments, data is increasingly treated as a new asset, requiring data lawyers to assess risks and, in some cases, collaborate with other intermediaries to evaluate asset value. She believes the role of data lawyers will expand across more industries and fields in the future. A new growth frontier Over the past year, China’s data economy and trading markets have witnessed rapid growth. The introduction of the Interim Provisions on Accounting Treatment of Enterprise Data Resources by the Ministry of Finance in early 2024 marked a pivotal moment, with Chen Fu, senior partner at Dacheng Law Offices, dubbing 2024 the “first year of data asset accounting.” Reflecting on the progress, Chen notes that by the end of August 2024, 41 A-share listed companies had reported data asset entries, amounting to a total of RMB 1.364 billion yuan. For non-listed companies, unofficial statistics indicate that as of September 2024, 126 firms had disclosed data asset entries. Amid this momentum, Chen and his team have focused on providing services for data asset accounting. However, two primary challenges persist: ensuring the compliance of data assets and thoroughly verifying ownership rights over the recorded data. To address these issues, Chen’s team developed the DAC (Data Asset Compliance) legal opinion product. This service standardizes each step of the process, from identifying, registering, and evaluating data assets to conducting compliance reviews before accounting. By formalizing and streamlining operations, the DAC product enhances scalability, making it adaptable to various clients and scenarios. A maturing market landscape As leaders in data and cybersecurity legal services, how do the ranked lawyers perceive
RkJQdWJsaXNoZXIy MjA0NzE4Mw==