EVENTS
Partner Audry Li Participates and Speaks in the “Inaugural Asia-based International Financial Law Conference: West Meets East”
Partner Audry Li Participates and Speaks in the “Inaugural Asia-based International Financial Law Conference: West Meets East”
International Bar Association successfully held The Inaugural Asia-based International Financial Law Conference: West Meets East on Feb 28 – Mar 1, 2013 in Shanghai. Zhong Lun partner Audry Li participated in this conference and spoke on the topic of “Opportunities for Young Lawyers in the Financial Markets" with a panel of top-tier lawyers from India, Italy, Singapore and Japan; the discussion received very good feedback from the attendees.
In her speech, Audry briefly introduced the latest legal development in China’s foreign exchange market, including cross-border RMB settlement and RMB-denominated outbound direct investment. She used a couple of cross-border transactions recently closed to explain how cross-border RMB settlement has offered more options for transactions and benefited the clients, and further summarized that the new legal development and the internationalization of RMB have not only offered new learning opportunities for young lawyers but also created more business opportunities for legal profession in both the financial and the bigger corporate and M&A practice areas.
For young lawyers’ career development, Audry shared her own experience of joining government service prior to legal practice and understanding on other choices of litigation vs. chamber and specialization vs. general practice. She indicated that the new and more flexible business models and structures increasingly emerging along with the integration and globalization of China’s economy into the world will not only provide young lawyers with opportunities to explore new legal areas, but also expand the legal professions’ practice areas and require much closer cooperation between Chinese and worldwide lawyers.
The International Bar Association, established in 1947, has more than 50,000 registered lawyer members all over the world. This Asia-based International Financial Law Conference is the first time that the International Bar Association holds a high-level conference on international finance in Asia and China. Participants in this conference include lawyers and senior legal counsels of financial institutions from 40 countries and regions in North America, Europe, Oceania and Southeast Asia.
Audry participated in the conference on behalf of Zhong Lun. 7 topics were discussed at the conference, which are “Internationalization of Renminbi", “Securities and Financing Litigation and Arbitration", “Recent Trends in Acquisition Finance in Asia", “Impact of the Dodd-Frank Act", “The Attractions and Challenges in Tapping the IPO Market in Asia", “Privatization of Public Companies" and “Opportunities for Young Lawyers in the Financial Markets".
