China Eastern Airlines and Baker McKenzie Sign Global Strategic Cooperation Agreement
Baker McKenzie and China Eastern Airlines (CEA) today signed a strategic cooperation framework agreement that expands the partnership between the two organizations to a global scale. The three-year agreement was signed by CEA's General Counsel, Junxiu Guo and the Managing Partner of Baker McKenzie's New York office, James Colihan, in a ceremony held at Baker McKenzie's office at 452 Fifth Avenue in New York, which was also attended by CEA's Chairman, Shaoyong Liu.
Under the agreement, Baker McKenzie will provide CEA with legal support and advice pertaining to contentious matters and non-contentious matters including corporate, regulatory and compliance, intellectual property, labor, and overseas investment matters.
Through this partnership, CEA hopes to achieve higher efficiency in the handling of their legal matters overseas, particularly as the company continues with its global expansion plan – a strategy that reflects its commitment in supporting China's Belt and Road Initative by actively exploring opportunities to build a "Silk Road in the Air".
CEA’s Deputy General Manager Bing Tang said, "I believed that this cooperation is a strategic choice made by both sides on the basis of global development positioning, as well as a strategic cooperation to share resources and superimpose advantages.
Baker McKenzie's long-term cooperative relations with many world-renowned multinational companies will provide strong support for the international operation of CEA.
"In addition, Baker McKenzie’s 77 offices worldwide are well-aligned with 59 overseas business departments of CEA, which is of great benefit for CEA to comply with local laws and customs, as well as to carry out business activities in accordance with local laws and regulations. Meanwhile, CEA’s global industrial chain partners, especially the company’s local influence in China, will be of great help for Baker McKenzie to continuously expand Chinese business and even global business. "
Beijing-based Baker McKenzie M&A Partner Jackie Lo noted that the Firm was particularly pleased to build on its long-standing relationship with CEA, after having advised on CEA’s listing on the Hong Kong Stock Exchange, and the company's US$1.35 billion absorption and merger with Shanghai Airlines.
"We look forward to working more closely with China Eastern and to assist them in realizing their global ambitions," Jackie Lo said.