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Spanish law firm Cuatrecasas has closed its Beijing office, a move that sees them consolidating their presence in Asia with a sole remaining location in Shanghai. This closure reflects a shift in strategy from just a few years ago when the firm expressed significant interest in expanding in China post-Covid lockdowns. At that time, Cuatrecasas hired a new corporate partner, Sandra Costas, aiming to leverage opportunities in China. However, the legal landscape has evolved, and the firm now focuses exclusively on its Shanghai operations, which specialize in cross-border corporate M&A, commercial transactions, and tax matters.
The decision to shutter the Beijing office aligns with a trend seen among other international firms, including Eversheds Sutherland and Taylor Wessing, which have also scaled back their operations in Greater China due to ongoing geopolitical tensions. Cuatrecasas’s Shanghai office, established in 2007, remains the firm’s focal point for advising on investments between Asia, Europe, and Latin America.
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