For the first time a Chinese law firm, Baqian Law Group, has selected Sri Lanka to open their regional office for the South Asian region.
Chairman, Baqian Law Group, Zhao Yao, speaking in Colombo said that this is their fifth regional office after Myanmar, Cambodia, Laos and Thailand.
China has become Sri Lanka’s largest trading and largest infrastructure construction partner. Chinese workers also top the foreign staff working in Sri Lanka. In addition China’s tourist also tops the arrival list to Sri Lanka. “On top of all these Sri Lanka along with the SAARC region would play a major role in the ‘Belt and Road’ initiative launched by China.
“China-Sri Lanka Free Trade Agreement (CSFTA) would also increase Sino Lanka economic relations,” he said.
“Due to this Baqian Law Group is keen to extend our footprint in Sri Lanka to look after legal matters and also providing basic support for the development of strategic development arising not only in Sri Lanka but in the entire region. We will open our office in Colombo next week and would have for Chinese lawyers along with a legal team from Sri Lanka.”
Established in 1992 in Kunmin, China the law firm is looking to open more officers in Sri Lanka and in Asia.
Attorney at Law and Sri Lanka consultant for Baqian Law Group Sri Lanka, Sunil Abeyratne said that the legal systems in both China and Sri Lanka have major differences and they hope to provide advice and consultancy services for Chinese companies in Sri Lanka. “Sri Lanka is also in the process of drafting several new legislatures on ICT and electronic money transfer and other areas and we will provide our expertise for in these areas.” (SS)