German firm Beiten Burkhardt has scored the lead role advising on a hospital project aimed at strengthening ties between China and Germany.
The firm advised longstanding client Siemens, German hospital operator Asklepios Kliniken and Shanghai-based Tongji University on a joint venture to construct and operate a hospital in Shanghai.
Under the joint venture agreement Tongji University holds a majority 46 per cent stake in the hospital project, with Siemens Project Ventures holding 40 per cent, with the remaining 14 per cent being held by Asklepios.
“We’ve done work for Siemens in Germany and worked on some small projects for them in China,” said the head of Beiten’s China practice Bjorn Etgen. “We’ve also acted for Asklepios, but this is the largest exercise we’ve acted on for these clients.”
Etgen led a team of seven that consisted of Shanghai-based corporate and real estate partner Rainer Burkhardt and associate Edith Chen, who worked on drafting and negotiating the joint venture agreement and land use rights. Munich-based associates Mathias Schroeder and Oliver Schniewind covered German competition law.
Additional advice to Siemens was provided by its in-house counsel Andrea Liess, with Berlin-based sole practitioner Christoph Partsch providing advice to Asklepios. The Tongji University sought additional advice from Chinese law firm Alliance Legal Practice.