In the afternoon of July 15, a plaque bearing the name “Arab-China International Legal Professional Committee” was unveiled in front of the crowd, announcing the official establishment of the organization co-sponsored by the Sino-Arab Cooperation and Development Association and King&Capital.
On the same day, Mr. Tian Wenchang, Honorary Director of King&Capital Law Firm, Mr. Zhu Yonghui, Director of King&Capital Law Firm, Mr. Chu Changzhi, Managing Partner and CEO of King&Capital Law Firm, Mr. Liang Yali, Director of Criminal Defense Center, Mr. Xiao Yuanhua, Director of King&Capital Legal Consulting Center and his entourage met with Mr. Qasim Teferi, President of Sino-Arab Cooperation and Development Association, Mr. Ali Jaber, Commercial Counselor of Iraqi Embassy, Mr. Jungang, President of Sino-Arab International Trade Center and Mr. Han Dezhen, Vice President of Sino-Arab International Trade Center. They witnessed this moment together. The two sides also carried out in-depth exchanges on business and trade exchanges between China and Afghanistan and legal escort, and promised to work hand in hand to promote friendly exchanges between China and Afghanistan in the future.
Chu Changzhi, Managing Partner and CEO of Beijing King&Capital Law Firm, said that in the context of the continuous deepening of the “Belt and Road Initiative” and the flourishing cooperation between China and Arab countries in various fields, bilateral economic and trade exchanges are getting closer and closer, and the enterprises of both sides have a more urgent demand for high-level, specialized and internationalized legal services. He said that the establishment of the Arab-China International Legal Professional Committee responds to the call of the times, aiming to build a legal service platform that gathers professional strength, researches practical problems, promotes the docking of rules, and serves two-way investment and trade.
Zhu Yonghui, Director of Beijing King&Capital Law Firm, said that China has a long history and Arab culture is splendid, and the two sides have unlimited prospects for cooperation and are full of expectations. He introduced that King&Capital Law Firm was founded in 1995, and after 30 years of development, it has become a comprehensive large-scale law firm with rich talent reserves in criminal, civil and commercial, and foreign-related business, which can provide high-quality legal services for Chinese and foreign clients. He concluded his speech with the mythological story of “Aladdin's Lamp”, “I hope that the Sino-Arab Committee on International Legal Specialization can have the same magic as the Arabian Lamp in the story, and that both parties in the cooperation can get what they want.”
“Trade cannot be separated from the law, and market economy is also an economy of the rule of law, which cannot be separated from professional legal services. We can say that the establishment of the Legal Specialization Committee today is a call to action and comes at the right time.” Tian Wenchang, honorary director of Beijing King&Capital Law Firm, expressed his honor at the arrival of the foreign guests. He mentioned that King&Capital had previously received foreign guests such as the US Chancellor, and that despite the fact that there had been little contact with the Arab world before, a good start would surely promote far-reaching cooperation. He said that King&Capital is very happy to protect the trade activities of both sides with its own professional level.
Ali Jaber, Commercial Counselor of Iraqi Embassy in China, expressed his honor to come to King&Capital. He mentioned that trade between China and Iraq has been developing well in recent years, with the trade volume between the two countries exceeding 50 billion dollars last year, and that a large number of Chinese enterprises have entered the Iraqi market, while a large number of Chinese workers are also working in Iraq. He believes that, with the two countries increasingly frequent political and economic exchanges, there are many partners in the Chinese market, bilateral will inevitably have commercial disputes need to be resolved, then also need professional lawyers to intervene, and hope that the next and King&Capital firm to establish a strategic cooperative relationship, “We also hope that, under our joint efforts, the two sides can push the cooperation to a higher level. ”
Qasim Tfali, Chairman of the Sino-Arab Cooperation and Development Association, a well-known social activist in the Middle East, highlighted market activities in Saudi Arabia, the UAE and Iraq. He said that countries along the Belt and Road are cooperating more and more closely, and when they encounter problems during this period, they need legal professionals like King&Capital to help solve them, “As a business project, you should consult about the legal risks before you go out there, instead of turning back to lawyers when you have problems.” At the same time, he expressed his hope that on the basis of close cooperation with King&Capital, a training center will be set up through the committee in the future to give legal training and risk assessment to Chinese enterprises going out to the Arab world, and at the same time, Arab enterprises need to know about the legal access before they enter into China, “I hope that King&Capital, as a representative of the Chinese law firms, will be able to go to a broader international market .”
It is understood that the director of the Sino-Arab International Legal Professional Committee is Zhu Yonghui, the executive director is Xiao Yuanhua, and Chu Changzhi, Han Dezhen, Zhang Libin and Wang Chunjun are the deputy directors of the committee. Both parties will rely on King&Capital Law Firm's profound accumulation and professional advantages in the field of foreign-related legal services, especially in cross-border investment, trade, compliance, dispute resolution, etc., and take advantage of the unique bridge role of Sino-Arab Cooperation and Development Association in promoting Sino-Arab friendly exchanges and practical cooperation, to combine their strengths and complement each other's advantages, and to provide more vertical and high-quality legal products and professional services.
