(Hong Kong/Beijing Comprehensive News) The Beijing Division Law Firm, headquartered in Beijing, plans to open an office in North Korea next year, and will become the first Chinese legal firm to set up branches in North Korea.
Comprehensive South China Morning Post and Reuters reported that the Beijing Normal University Law Firm plans to extend its legal services to North Korea, South Korea and Japan. The law firm will provide legal services to Chinese investors in North Korea, including foreign direct investment laws and regulationssupply enquiry.
Chinese Law Firm's plan to expand its business in North Korea is on the occasion of seeking revitalization of the economy.North Korea is currently attracting foreign investment due to the economy of crown disease and international sanctions.However, North Korea still strictly controls private companies, and foreign companies' investment, trade and other businesses have also been restricted by Pyongyang due to international sanctions.
According to the official website of the Beijing Normal University Law Firm, the establishment of the contracting ceremony of the Office of North Korea, South Korea, and Tokyo, Japan was held on November 7th.And the changes in preferential policies have great potential, and the development prospects are better.
Kim Shisheng, a partner of Beijing headquarters, who led the preparation of the Asian Legal Magazine, said that at the beginning of the start, the law firm will have 10 to 20 lawyers in the three places, including local lawyers and headquarters who are located in the country.Among them, the North Korean office provides one -stop cross -border legal services for North Korea and Japanese labor export.
