30. June 2016
Establishment of RHTLaw Taylor Wessing Vietnam signals the firm’s drive towards a seamless regional legal platform through integrating knowledge, technology and brand across the ASEAN+ network.
RHTLaw Taylor Wessing LLP has further strengthened its regional cross-border practice with the opening of its new office in Vietnam. The firm today announced the launch of RHTLaw Taylor Wessing Vietnam which brings together PBC PARTNERS and RHTLaw Taylor Wessing, the 6th largest law firm in Singapore, into a seamless integrated service network.
This is the latest development in the relationship between RHTLaw Taylor Wessing and PBC PARTNERS, having originally entered into an alliance in 2014. The move supports Taylor Wessing’s strategy to continue to grow, integrate and strengthen its family in markets where clients need on the ground support, as well as enabling those clients to capitalise on the firm’s outbound investment experience.
With offices in Ho Chi Minh City and Hanoi, RHTLaw Taylor Wessing Vietnam comprises 25 lawyers covering a full range of practice areas, including foreign direct investments, mergers and acquisitions, real estate, energy, hospitality, healthcare, construction, banking & finance, international trade, telecommunication, taxation, employment, and dispute resolution.
Commenting on the launch of the new office, RHTLaw Taylor Wessing’s Managing Partner, Tan Chong Huat noted, “The opening of our new Vietnam office signals our commitment to intensify our ASEAN growth strategy via our “ASEAN+” network. What started out as an alliance of like-minded law firms has now grown into a pre-eminent legal firm in Vietnam. Vietnam is one of the fastest growing emerging markets in the world and is poised to play an important role in the ASEAN economy. Our presence in Vietnam allows us to actively serve our clients’ business needs across the region, providing on-the-ground counsel to guide them through the legal challenges posed by cross border transactions and operations.”
Azman Jaafar, Deputy Managing Partner of RHTLaw Taylor Wessing and Chairman of the ASEAN+ Group, added, “Launching a new office in Vietnam is part of a series of strategic growth initiatives we have planned to bolster our presence across ASEAN. In addition to the considerable business opportunities present in Vietnam, the country also serves as a gateway to the Indochina region, potentially opening up avenues for us to service clients in the promising Laos, Cambodian and Myanmar markets.”
RHTLaw Taylor Wessing Vietnam will be led by Tran Thanh Hai as Managing Partner and Benjamin Yap as Senior Partner. Mr Hai has over 19 years of legal experience and is well-regarded in the areas of mergers and acquisitions, banking and finance, telecommunications, employment, land, taxation, technology and commercial law. Prior to joining PBC PARTNERS and RHTLaw Taylor Wessing, he was with PwC Legal Vietnam, where he worked across a wide range of sectors with both local and international clients.
“I am excited by RHTLaw Taylor Wessing’s model of combining strong local knowledge with international expertise. Our partnership will allow us to leverage the technology, platform and brand of RHTLaw Taylor Wessing which will assist us in transforming ourselves into a global player. We look forward to working with the Singapore team to continue to build a market-leading office in Ho Chih Minh City and Hanoi”, Mr Hai remarked.
Benjamin Yap, a Vietnam-registered foreign lawyer who is called to the Singapore and English Bar, has extensive experience in corporate and commercial transactions. He has more than 20 years of experience handling mergers and acquisitions, real estate, corporate compliance and governance, and employment matters for local and international clients.
The months ahead will also see Partners from the Singapore office being seconded to Vietnam and vice versa, a move aimed to boost knowledge transfer and capacity building.
The latest venture in Vietnam is consistent with RHTLaw Taylor Wessing’s strategy to bolster its service offerings across the region. In the last few years, the firm has forged strategic alliances with leading Indonesian law firm, Hanafiah Ponggawa and Partners, and South Korean firm DR & AJU, together with several other leading firms in Asia under the ASEAN Plus Group.