As Chinas economy slows down, dispute resolution work for offshore law firms has grown, and a number of them have beefed up their disputes practices.
A slowdown of the Chinese economy has hurt a number of international firms in Asia as capital markets work has dwindled. But on the flip side, offshore firms have been growing, thanks to an upsurge in dispute resolution work.
Appleby says the firm has seen steady growth in its Asian disputes practice since 2015, the same year when Chinas economy grew 6.9 percent then the slowest in a quarter century. Eliot Simpson, the firms dispute resolution head in Hong Kong, and senior associate Stuart Jessup cites Chinas relative slowdown as one of the main factors for the practices growth.
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