Dentons, a multinational law firm, has chosen to conclude its collaboration with Dacheng Law Offices, which is the mainland China branch of the company. The firm cited the reason for this decision as changes in the legal regulations facing Chinese law firms in China. New directives and requirements concerning data privacy, cybersecurity, capital control and governance were specifically mentioned, as reported by Law.com International.
Given the current climate, with the country’s increased focus on national security among other geopolitical issues, this move raises the question: will other U.S. firms be compelled to step back from China? A more detailed exploration of this issue can be read in the original article: Will More U.S. Firms Need to Follow Dentons in Backing Away From China?
It remains to be seen whether Dentons’ decision could cause a domino effect prompting a broad withdrawal of international law companies from the Chinese arena.