On Friday 5 August 2016 Michelmores welcomed a group of 50 Chinese business managers and directors to its London office, for a series of talks and workshops focusing on the theme of Chinese investment into the UK.
The visit, supported by the government’s UK Trade and Investment department (UKTI), was led by Michelmores’ Managing Partner Malcolm Dickinson and Head of the Firm’s China Desk Lily Shen and provided an overview of the current UK economic climate and an update on the impact of Brexit to date.
The talks also analysed some of the largest Chinese investments into the UK in recent months, including Hinkley Point nuclear power plant, Sichuan Guodong Construction Group’s investment into Sheffield town centre and the purchase of Wolves and Aston Villa football clubs.
In addition, Michelmores provided industry-focused updates for real estate, led by Partner Paul Paling, technology led by Partner Tom Torkar, UK mergers and acquisitions led by Partner Ian Binnie. Partner Richard Cobb also shared insight into entrepreneurship in the UK, and Lily Shen summarised the key steps to consider for Chinese corporates and individuals thinking about investing in the UK for the first time.
The group were visiting on a week-long trip to the UK to understand more about the UK economy and the opportunities available to investors.
Amongst the Delegation were representatives from the finance and investment, manufacturing, and technology sectors in China, including Taiping Insurance, China Minsheng Bank, CEFC International Limited, Perfect World Network Technology and many more. As part of the tour, the Delegation also visited accountants BDO and UBS bank.
Following the seminar, Michelmores invited the China Delegation to the Royal Automobile Club in Pall Mall for dinner and to experience a taste of traditional British culture.
Michelmores advises a number of Chinese clients across a range of sectors. The Firm also supports YangTze Law, London’s first wholly Chinese-owned law firm, working with Chinese corporates investing in the UK and Europe as well as private individuals.