Ashurst opens Beijing office

Financial institution and corporate adviser Ashurst has been granted a licence by the Ministry of Justice of the People's Republic of China (PRC) to operate a representative office in Beijing.

Its Beijing office will be led by Patrick Phua, a banking and finance partner with specialist expertise in derivatives transactions and regulation.

Phua has built up Ashurst's PRC client base since he joined the law firm 12 months ago.

"A licensed Beijing office will enable us to provide even greater support to those clients, forge new relationships and reinforce the Ashurst brand in China," he said.

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Ashurst Beijing will focus mainly on banking and finance work and assist PRC corporates in relation to outbound investment, working in conjunction with Ashurst Shanghai and Ashurst Hong Kong.

Ashurst head of Asia, Geoffrey Green, said Ashurst believed it had a strong and distinct proposition in the PRC in terms of its derivatives and structured finance practice.

"Patrick has already done a great job of developing that platform over the last 12 months, and a fully operational Beijing office brings significant advantage in enabling us to target Beijing-based financial institutions more actively," he said.

Ashurst's Greater China practice consists of offices in Shanghai and Hong Kong, with 13 partners and over 60 lawyers. Its Shanghai office is focused on outbound mergers and acquisitions and foreign direct investment, while its Hong Kong office's core practices include capital markets, banking and finance, investment funds and corporate regulatory work.