The Budapest Report reveals that? the world’s first international-Chinese law firm has been established. The firm will be named Yingke V?rnai
As the first step of the European expansion the Deed of Foundation of the Budapest office was signed by Dr. Rupert V?rnai and Mr. Mei Xiangrong in Kod?ly Hall at the Hungarian Academy of Sciences.
http://www.budapestreport.com/2010/09/20/first-chinese-hungarian-law-firm-established/
Here’s the report in full
Dr. Rupert V?rnai dreamt of establishing the first international-Chinese law firm of the world, after traveling to China two years ago. He imagined that a Hungarian law firm, namely his own team would constitute the partner of the Chinese company. The dreams were followed by actions, intensive search and a series of negotiations, as a result of which the perfect partner was found in the person of Mr. Mei Xiangrong, the leader of Beijing YingKe Law Firm. At that time, the idea of expansion outside China was not new for YingKe, the law firm with the staff of almost thousand and producing the most dynamic development in China. The idea proposed by the Hungarian partner was a perfect match to the plans of YingKe.
The founders base their cooperation on the notion that a team of counsellors including Chinese lawyers, with a know-how of local conditions could provide Chinese companies with an aspiration to expand in Europe with increased safety, not least on account of serving the clients in their mother tongue. Parallel to this, Hungarian clients of Yingke V?rnai Law Firm can make use of the legal services on an international standard in Hungarian and in a familiar environment.
The law firm by the partners will provide legal services on an international standard to its clients in Budapest, and in the future, as the next step of the European expansion, in other countries of the region also under the name of Yingke V?rnai. ?We chose Budapest as the first step of our intensive expansion policy and the law firm established here will be the centre of our regional network in the future?, said Mei Xiangrong.
After signing the document Dr. Rupert V?rnai said: ?I am confident that we will be able to contribute to the success of Hungarian companies and to the success of Hungarian products and services in China. On the other hand, the newly established law firm will be guarantee to Chinese investors, who will hopefully increase their investments in Hungary, and will choose the country for the basis of their European expansion.?