The Legal 500

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601 OFFICE TOWER C1 ORIENTAL PLAZA, NO.1 EAST CHANG AN AVENUE, BEIJING 100738, CHINA
Tel:
Work +86 10 85870068
Fax:
Fax +86 10 85870079
Email:
Web:
www.chancebridge.com

Ms. Ning Zhu, Managing Partner

Ning Zhu explains how the firm is adapting to clients’ changing needs

What do you see as the main points that differentiate Chance Bridge from your competitors?

As a specialist law firm, Chance Bridge chose a niche market for  delivering advanced corporate, commercial, and financial legal solutions. Corporatisation and Specialisation involves keeping up-to-date with the development trends of major international law firms as our main development strategy.

Although the scale of development is comparable to the law firm development trend in China, relative to the mature and developed model of law firms in western countries, small to middle-sized law firms still have to have an innovative mindset and clear goals.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Cross-border investment is an area expected to experience growth in the next 12 months. We believe that outbound investment of Chinese enterprises is a key driving force behind this.

What's the main change you've made in the firm that will benefit clients?

The founding partner has multiple responsibilities, such as administration, marketing and business etc, which is a different approach than the one adopted by traditional law firms. Chance Bridge’s partners also assume management functions respectively. As such, Chance Bridge can provide more efficient services to our clients. Furthermore, through the advantage of internal specialisation, we can provide more complex and multi-jurisdictional legal services and be better equipped to solve more complex business issues, thereby enhancing our service quality for clients.

Is technology changing the way you interact with your clients, and the services you can provide them?

Yes, in addition to updating our new website, we are focusing on more and more international social media platforms such as LinkedIn, Facebook and Twitter. We value communication with clients, so we will be launching a message board on our public Wechat and website. Moreover, our new OA system will be on-line in the second half of this year. We are now paying more attention to maintaining client confidentiality, and our new OA system will further improve the synergy and integration of our firm.

Can you give us a practical example of how you have helped a client to add value to their business?

In addition to our local expertise, the key distinguishing factor between our firm and other local firms is our international team and its in-depth understanding of the foreign business landscape, including the rules and regulations in which our clients’ business partners may operate. Through leveraging the expansive networks of the leading global law firms we are partnered with, we are able to connect our clients with the best foreign legal advisors. Thus, Chance Bridge bridges the gap between local and global expertise, offering comprehensive solutions to clients operating across multiple jurisdictions, which are sensitive to the evolving global legal climate.

A practical example of this is when, through assuming the roles of both legal advisor and outsourced consultant, I personally assisted the client to select the best foreign advisor, assisted in the bidding process and represented the client in communicating directly with foreign counter-parties. This example demonstrates how our firm is able to exceed client expectations through our global expertise.

Are clients looking for stability and strategic direction from their law firms - where do you see the firm in three years’ time?

Consistent with our objectives of advocating cross-border business, we will utilise global cooperation to attract talent from all around the world to expand our team and our firm’s capability to provide high-quality legal advice which is sensitive to the regulations implemented in other countries. We will enhance the team’s stability through a sound management system in our law firm.

Legal Developments in China

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • What is the relationship between PPP and concessions?

    From fledgling concessions to PPP that is sweeping the country today, there are two major sets of regulations to be followed: one being regulations for concessions led by the National Development and Reform Commission (“NDRC”) and the other the series of regulations for PPP led by the Ministry of Finance (“MoF”).  However, to date, there is still not one law that expressly defines the relationship between the two, resulting in much confusion and many impediments in practice.  The relationship between concessions and PPP is an issue currently desperately needing clarification.
  • Thought on Developing Convention on Enforceability of Settlement Agreements Reached Through Concilia

    The UN Commission on International Trade Law (“UNCITRAL”) held its 47th session in New York on 7-18 July 2014 and the Author had the privilege of attending the conference at invitation of Mr. Yu Jianlong, President of the Asia Pacific Regional Arbitration Group (“APRAG”). During the conference, the U.S. Government submitted a proposal suggesting Working Group II (Arbitration and Conciliation) of UNCITRAL (“Working Group II”) to develop a multilateral convention with respect of the enforceability of international commercial settlement agreements reached through conciliation (“Enforceability Convention”) for the purpose of encouraging the use of conciliation in resolving international commercial disputes.  Read more
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    The current PPP tide in China driven by the Ministry of Finance and the National Development and Reform Commission witnesses the transformation and upgrading of large state-owned enterprises.  These enterprises that have traditionally only been familiar with bid invitation, bid submission, and construction, have started to have an impact on numerous new areas such as project proposal and planning, company establishment and acquisition, fund establishment and operation, etc.  Certain state-owned enterprises that got their starts fairly early have cultivated teams with extensive experience in investing, and certain enterprises that are just starting up are selecting young talent from various entities in all out effort to catch up.  Private enterprises also participate enthusiastically.
  • Transfer Pricing – New Risks in Declaring Price Impact of Special Relationship to China Customs

    China Customs recently requires that the importer or exporter of record declare the impact on the import or export price of its special relationship with the counterpart (“Price Impact”). Specifically the declaring party must state whether its special relationship, if any, would affect the transaction value or price as declared to the China Customs. Previously the special relationship was an item of declaration subsequent to a specific request from the Customs. However, the impact of the special relationship was not an item of declaration, and the declaration party even had a general defense right to disprove such Price Impact. The Price Impact, if any, has been a pre-condition for  the Customs not to accept the declared transfer price for the purpose of ascertaining dutiable price of a given import or export shipment, in which case, China Customs shall re-value the given shipment according to China customs valuation rules.
  • New China Customs Taxation Policy on Cross-Border B2C E-Commerce Imports

    The Ministry of Finance, General Administration of Customs and State Administration of Taxation of China jointly issued a circular (“Joint Circular ”) relating to the taxation policy on the cross-border e-commerce retailing imports, with effect as from April 8, 2016.
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    One of the most important negotiated points by parties in contract negotiations is the dispute resolution clause. If parties agree on arbitration, they often negotiate which arbitration institution or arbitration rules will apply in resolving potential disputes.
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  • Zhong Lun Advises Chinese Consortium on $1.9 Billion Acquisition of OmniVision Technologies, Inc.

    On April 30, 2015, OmniVision Technologies, Inc. (OVTI, a Delaware company listed on NASDAQ) announced that it has entered into a definitive agreement to be acquired by a consortium composed of Hua Capital Management Co. Ltd. (“Hua Capital Management”), CITIC Capital Holdings Limited (“CITIC Capital”) and GoldStone Investment Co. Ltd. (“GoldStone Investment”) (collectively, the “Consortium”). Under the terms of the agreement, OmniVision stockholders will receive $29.75 per share in cash, or a total of approximately $1.9 billion. The agreement was unanimously approved by OmniVision’s Board of Directors.