US Law Firm Dechert May Shut Offices in Hong Kong, Beijing
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US law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to wind down operations in Greater China. The potential closure comes amid a prolonged capital market downturn in both Hong Kong and mainland China, as well as growing tensions between the US and China. Dechert currently has over 20 employees in its Hong Kong office, including four partners, and three lawyers in its Beijing office. The firm is in discussions with employees about a potential relocation to Singapore. Other US law firms have also reduced their presence in China due to economic uncertainties, geopolitical tensions, and government regulations.
#UsLawFirm #Dechert #HongKong #Beijing #China #Singapore #CapitalMarket #SinousTensions #ForeignFirms #Relocation
https://www.asiafinancial.com/us-law-firm-dechert-may-shut-offices-in-hong-kong-beijing
Asia Financial /
npub1tf…4lkk0
2024-07-01 14:13:35
Author Public Key
npub1tfqzenj4wwscy7hhrs7d9wygkqncl5ywgqlcc32lffwtg5yskruq74lkk0Published at
2024-07-01 14:13:35Event JSON
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"content": "US Law Firm Dechert May Shut Offices in Hong Kong, Beijing\n==========\n\nUS law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to wind down operations in Greater China. The potential closure comes amid a prolonged capital market downturn in both Hong Kong and mainland China, as well as growing tensions between the US and China. Dechert currently has over 20 employees in its Hong Kong office, including four partners, and three lawyers in its Beijing office. The firm is in discussions with employees about a potential relocation to Singapore. Other US law firms have also reduced their presence in China due to economic uncertainties, geopolitical tensions, and government regulations.\n\n#UsLawFirm #Dechert #HongKong #Beijing #China #Singapore #CapitalMarket #SinousTensions #ForeignFirms #Relocation\n\nhttps://www.asiafinancial.com/us-law-firm-dechert-may-shut-offices-in-hong-kong-beijing",
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