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Lidings is advising the leaders of Chinese automotive industry
Lidings has further strengthened its leading position in providing legal support to clients from the Asia-Pacific region operating in the automotive industry and actively developing their presence in the Russian market. Emphasizing automotive industry as one of the Firm's flagship areas of expertise, extensive experience in representing some of the largest international car manufacturers, and long fruitful collaboration with leading Chinese law firms are all among the main contributing factors.
Opening of the new business season was marked with a start of two new major projects where Lidings is supporting the leaders of Chinese automotive industry in entering the Russian market.
In the first project Lidings acts as legal advisor to Beijing Automotive Industry Company (BAIC), the largest manufacturer of commercial and agricultural transport in China, on a joint venture project for the establishment of a production line with an Ulyanovsk-based company "BAW Motor Corporation", part of the Russian AMS Group.
The second landmark project supported by Lidings constitutes providing legal advice to Lifan Motors, one of the largest Chinese producers of passenger vehicles and motorcycles, in relation to establishment of automotive production in the city of Cherkessk in partnership with a large Russian car manufacturer.
Effective collaboration with leading Chinese law firms is the essential factor enabling Lidings to enter into extremely ambitious projects such as construction of large manufacturing plants for production of vehicles and automotive components in Russia. Providing the highest quality of legal support the Firm has built long standing partnerships with the key representatives of legal services market in China, and has been advising its Chinese partners on various issues of Russian legislation for a number of years.
"Together with our Chinese partners we are observing with great satisfaction the fruitful development of trade and economic relations between Russia and China. Most recently, the two governments have announced an ambitious plan to strengthen strategic and economic partnership, signing more than a dozen bilateral treaties. These political initiatives will have positive impact on increasing Russia's attractiveness in the eyes of major Chinese investors. We will gladly join projects meaningful for the Russian economy to ensure highest quality of legal support is provided to business representatives and companies across a wide range of industries in entering the Russian market", commented Lidings' Managing Partner Sergey Aksenov.