SAO PAULO, July 22, 2014 /PRNewswire/ — Demarest Advogados is inaugurating a Chinese Department that will become part of the firm’s already existing ASIAN DESK.
Chinese attorney Jun Zhang, who has more than 7 years of experience in Brazil advising Chinese firms seeking investment and business opportunities here, will be the head of the new group alongside of partner Mario Nogueira.
"The Brazilian market is immense and attracts lots of interest from Chinese companies in various sectors. It’s important to have support like the Chinese Department to present business opportunities and show how to make the most of them," says Jun Zhang.
Today Brazil is one of the largest destinations for investment from China. According to data from the Brazil-China Business Council (Conselho Empresarial Brasil-China), in the 2012-2013 period, projects for a total of US$8.43 billion were registered.
"After the consolidation of the Korean Desk, which along with the other teams at the firm serves more than 60 clients, we decided to take another strategic step towards a strong entrance into the Chinese market and expanding our client portfolio," explains Mario Nogueira.
The Chinese Department has already received a series of inquiries from companies in a variety of areas, notably, automotive, machinery and equipment, among others. Demarest is expecting to close the year with at least 15 new clients.