Chongqing - On February 12, Chongqing Liangjiang New Area launched its first foreign-related legal services team, featuring 28 professionals, including lawyers, notaries, and judicial appraisers. This move aims to improve the business environment and promote the growth of an open economy through the rule of law.

With the continuous optimization of its business environment, Liangjiang achieved a total number of business entities surpassing 160,000 in 2024. (Photo/Lan Tian)

The team will serve market entities and cross-border projects within Liangjiang New Area in multiple domains, such as investment and mergers, international finance, compliance, intellectual property, commercial litigation and arbitration, and taxation.

The team will provide expert advice to support economic openness decisions, create a coordination mechanism for international cooperation, strengthen the link between legal services and economic development, and promote legal services to market entities.

Zheng Wenwen, a member of the team and a practitioner at Tahota Law Firm, said foreign-related legal services extend beyond mere legal interpretation and application.

They facilitate cross-cultural communication and support the international development of enterprises. The team will strengthen collaboration with domestic and international legal professionals, integrate resources, and deliver holistic legal services to businesses.

Luo Lun, Vice-Director of the Chongqing Liangjiang New Area Administrative Committee, highlighted the increasing frequency of foreign economic activities in Liangjiang in recent years.

Establishing the foreign-related legal services team aims to provide comprehensive legal support for local enterprises venturing into global markets and assist foreign-funded companies in understanding local policies and regulations, thereby supporting their growth and establishment in Liangjiang.

Liangjiang New Area Digital Economy Industrial Park. (Photo/Lan Tian)

As the first national-level development and opening-up new area in inland China, Liangjiang New Area has gathered 41 foreign-related institutions, established international cooperation industrial parks such as the Sinoswiss Technopark and the Sino-German Industrial Park, and attracted 190 Fortune Global 500 companies.