Hogan Lovells Top for TMT in China
5 October 2015
Hogan Lovells was awarded TMT International Law Firm of the Year at this year's China Law & Practice / American Lawyer Awards. This was in part recognition for Hogan Lovell's work advising IBM on Lenovo's acquisition of the IBM x86 server business (which itself won TMT Deal of the Year) but was also a reflection of the strength and depth of its practice.
Katherine Jo, Editor of China Law & Practice, commented,:
"Hogan Lovells was honored as the International TMT Firm of the Year, for its work in guiding major US tech firms through China's complex - and often controversial - regulatory regime for internet, telecoms and cloud computing services, taking the lead in advising global telecom providers on applications for licenses in the Shanghai Free Trade Zone and acting for many other entertainment, e-commerce and mobile companies on their market entry and strategic partnerships."
Here are some of the reasons behind our success:
• Working with winners – Our TMT client list in China is second to none. We act for both the leading global and local players, many of whom are household names. With an eye to the future, we also represent investors who provide the venture capital funding to support the development of the household names of the future.
• When the going gets tough – These clients come to us for solutions to business critical issues:
o A sector first – Helping a client apply for one of the first telecommunications business operating permits to be issued in the Shanghai Free Trade Zone
o Precedent setting – Advising global entertainment company Blizzard Entertainment on a landmark case for the entertainment industry to help protect their most important intellectual property
• A combined inbound and outbound model – we work on both inbound and outbound facing transactions for our payments clients:
o Payments in China – Advising TMT clients on applying for payment service organisation licences or on their outsourced payment arrangements with existing providers of payment services either to support their business activities in China or, increasingly, to allow Chinese consumers to make overseas payments.
• On top of our game - We work hard to ensure we keep abreast of, and on keeping our clients informed about, the latest legal trends and developments in China. See our latest publication "TMT Developments in China" and our TMT blog.
Andrew McGinty and Mark Parsons who head the China TMT practice commented:
"This award is a fantastic testament to the ground-breaking work of our team and is the reward for an incredible team effort across our Beijing, Shanghai and Hong Kong offices. TMT is one of the most challenging sectors in China today, having historically been subject to many regulatory barriers and restrictions, but it is also one of the most dynamic, with liberalisation opportunities in the Free Trade Zones, disruptive new fin tech startups challenging the banks in their traditional markets, and new technologies leaving the regulators struggling to catch up. It is an exciting time to be at the forefront of these developments in China both for us, and, above all, for our clients."