Forest fire

Today The Lawyer reveals that two top Chinese firms, Jingtian & Gongcheng and Commerce & Finance, are facing claims by 11 international underwriters worth hundreds of millions of pounds.

These are the kind of cases that will put major Chinese firms on the international stage. It will also be one of the rare occasions that a well-established Asian firm has been pursued by global clients in such a high-profile manner.

The case has dropped a bombshell among the country’s legal profession, as this week’s cover feature highlights.

The repercussions will no doubt be far-reaching. The underwriters are currently facing a $9bn class action in Canada by burned investors.

This is one case that will provide a law book full of lessons for the rest of us.

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