Q4 2023

Jan22686 APAC Insider- Q4 2023 Established in 1993, Fangda Partners is a full-service law firm that advises corporate clients on PRC and Hong Kong laws. Leading companies and financial institutions in China and across the world turn to the firm for legal representation and counselling related to their most difficult and complex legal challenges, primarily transactions and disputes. Impressively, one of Fangda’s esteemed Partners, George Xu, has been named Best Corporate & Foreign Direct Investment Lawyer in the APAC Legal Awards 2023. Best Corporate & Foreign Direct Investment Lawyer 2023 (China): George Xu With offices in Beijing, Guangzhou, Hong Kong, Shanghai, and Shenzhen, Fangda is the firm of choice for businesses that require solutions to their challenging legal issues. For almost 30 years, it has been positioned at the forefront of the development of commercial law practice in China. It has built itself an impressive track record, advising clients on groundbreaking transactions or defending them in unprecedented disputes. For example, recently, Fangda served as transaction legal counsel for MultiMetaVerse Holdings Limited, an animation and entertainment company, in its acquisition of the PRC entities of leading entertainment and media company Taomee. This transaction consisted of 543 million Chinese Yuan in fixed consideration and a minimum of 17 million Chinese Yuan in variable consideration, representing 100% equity shares in Taomee’s PRC entities. The transaction was signed and publicised on 15th September 2023. For MultiMetaVerse Holdings Limited, the acquisition was a major milestone in the expansion of its portfolio. Overall, it is expected to significantly enhance its financial performance from both revenue and cash flow perspectives. Fangda is able to deliver exceptional legal counsel on cases like these thanks to its widespread team of 700 outstanding lawyers, who operate as a single, integrated partnership rather than as an alliance of lawyers in different locations. The Fangda team collaborate Aug23579 seamlessly across practice groups and locations to provide clients with exceptional service, sophisticated advice, and practical solutions. In this, they utilise their legal expertise, sound knowledge of market practice, deep understanding of the industry landscape, and proven ability to help clients achieve their business objectives. Fangda is known for its crossborder capabilities, with many of its lawyers being qualified in Australia, England and Wales, Singapore, U.S., as well as Hong Kong and the PRC. These legal professionals possess diverse experience and strong local law capabilities that enable the firm to bridge the legal, regulatory, language, and cultural differences that clients inevitably face in transactions and disputes involving multiple jurisdictions. Since 1999, George Xu has served as a Partner at Fangda, specialising in corporate matters, mergers and acquisitions, and foreign direct investments. Having graduated from Shanghai International Studies University School of Law with his LL. B, he gained admission to practice law in the PRC. Since then, George has provided legal support to a number of multinational luxury brands for their business in China, including notable names such as Gap, Old Navy, Ralph Lauren, GHD, IKEA, Starbucks, L’Oréal, and more. As a result of his outstanding work, George Xu has been named Best Corporate & Foreign Direct Investment Lawyer, China, in the APAC Legal Awards 2023. We are delighted to congratulate him on this exceptional achievement and look forward to seeing what his future holds. Contact Details Contact: Evie Zhu Company: Fangda Partners Web Address: https://www.fangdalaw.com/