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Are Chinese companies winning international battles to acquire oil and gas assets?

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Are Chinese companies winning international battles to acquire oil and gas assets?

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In the past few years, Chinese companies have had more success in acquiring assets around the globe. They now compete day in and day out with the major international oil companies. In the past several years, dozens of firms have opened up shop in Mainland China. Is the legal market overcrowded now? There may be a shakeout because of the large number of firms out here. The key is being able to focus on one area, whether it’s IPOs, IP or oil and gas. It’s still possible to be successful here but it’s definitely a long-term play. The key is to get to know people and to make friends. And you certainly need to have people with language ability and cultural sensitivity. More and more, Chinese companies expect their legal advisers to communicate in Chinese. This article first appeared on The Am Law Daily blog on AmericanLawyer.com.

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