ALB JUNE 2024 (CHINA EDITION)

17 ASIAN LEGAL BUSINESS CHINA • 亚洲法律杂志-中国版 WWW.LEGALBUSINESSONLINE.COM/CHINA COVER STORY and US firms have been predominant in this field, with few Asian firms meeting the highest global standards for international arbitration services. However, Rajah & Tann has long focused on dispute resolution, developing world-class expertise in international arbitration. The firm not only utilizes the professional skills of its Singapore team to assist Chinese companies with arbitration but has also established a dedicated team in Mainland China to enhance the development of international arbitration practices there. The second representative office of Rajah & Tann in the mainland, which specializes in international arbitration, has received approval from the Ministry of Justice. “The number of international arbitration cases is increasing, yet the Chinese market has few lawyers capable of offering such services, and international arbitrators of Chinese nationality are scarce,” Hew explained. “Rajah & Tann is committed to developing top-notch Chinese lawyers and teams, and we are eager to see more Chinese lawyers and firms participate in international arbitration. From my nearly thirty years of experience in Greater China, to provide efficient services to our clients, in addition to legal expertise, a deep understanding of local languages and cultures is essential. I believe that setting up a specialized international arbitration team in China is the most effective way,” says Hew. RongYing is highly regarded for its expertise in cross-border dispute resolution. Bai highlighted a case involving the United States, Hong Kong SAR, and Mainland China where RongYing advised a client to initiate emergency arbitrator procedures. The firm successfully obtained interim measures from the emergency arbitrator and ensured voluntary compliance by the overseas counterparty, setting a notable precedent in this field. In another instance, RongYing achieved a significant milestone by securing property preservation in Mainland China for a client involved in a Hong Kong arbitration. This ruling, the first of its kind by the Beijing Financial Court, was highlighted in the 2023 White Paper on Judicial Review of Financial-related Arbitrations issued by the court. Zhao from Global Law Office also shared insights into the firm’s capabilities in international practice. “Global Law Office is among the few Chinese firms experienced in international investment arbitration. We possess a deep understanding and extensive practical experience concerning procedures, jurisdiction, liability, damages, and other aspects of international investment arbitration. We are actively involved in the reform of the investment dispute resolution mechanism,” he explained. The firm boasts nearly 30 lawyers appointed as arbitrators in renowned domestic and international arbitration institutions and local arbitration commissions. The arbitration team has managed a substantial

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