On April 23, 2019, China Xiongan Group (CXG) officially announced the bidding results of its legal panel on its official website. By virtue of our outstanding talents and high-quality professional services, Dentons was successfully selected in three packages for two No.1 rankings and one No.2 ranking.
On March 13, CXG announced that it intended to select legal service providers through public bidding, and the selected firms would be responsible for advising CXG and its funded enterprises on various projects, carrying out standing legal services and special advisory work.
According to the requirements of CXG, each law firm can bid for up to three packages. Our firm finally selected Financial Legal Services (Package I), Real Estate and Construction Engineering Consulting Legal Services (Package V) and Litigation and Dispute Resolution Legal Services (Package VI). Our Banking and Finance, Real Estate and Construction, and Dispute Resolution practice groups meticulously prepared for the pitch, and finally stood out from more than 100 participating law firms with excellent scores.
The establishment of the Xiong'an New Area is a critical strategic arrangement made by the Central Committee of the Communist Party of China led by President Xi to further promote the coordinated development of Beijing, Tianjin and Hebei. It is a millennium strategy and a national agenda. It is of great practical and historical significance for migrating "non-core" functions of the capital, exploring new development models in areas with a high population density, adjusting and optimizing the urban layout and spatial structure of Beijing-Tianjin-Hebei, and fostering new engines for innovation-driven development.
On April 1, 2019, Xiong'an New Area ushered in its second anniversary. As one of the world's leading law firms, Dentons has accumulated rich experience and possessed excellent track record in the field of government legal services. Moving forward, we will continue to provide outstanding legal services for the planning and construction of Xiong'an with the most advanced legal service ideas and world-class service standards.