Wolf Theiss has signed the Beijing Declaration to cooperate with China's Belt & Road Connection think tank to support Chinese Investments in Austria and its CEE/SEE neighbours. The Belt & Road declaration was signed on April 25, 2019 and describes the cooperation principles regarding infrastructure investment and dispute settlements. It coordinates Chinese investments along the Belt & Road from Poland to Ukraine and Albania.
The Belt & Road Service Connections (BNRSC) is an international service resource integration platform of international and domestic consulting, legal, accounting, financial, and technological professionals, chambers of commerce, and governmental agencies. The program assists enterprises of China and countries along the Belt & Road economic zone with evaluating investment environment and providing professional systematic services."
BNRSC was initiated by the DeHeng Law Offices as one of the founding institutions, together with China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters, China Overseas Development Association, China Association for the Promotion of Development Financing, China International Chamber of Commerce for the Private Sector, China Intellectual Property Operation Alliance, Global Wenzhou Business Service Center, Luohu Legal Service Center, Beijing DeHeng Pro Bono Foundation, CBA Studio Legale e Tributario in Italy, Wolf Theiss in Austria, and the Kazakhstan International Chamber of Commerce.
“Think tanks like the BNRSC are significant forces for Belt & Road construction,” said Wolf Theiss Partner Christian Mikosch, who represented the firm in signing the Beijing Protocol of the BNRSC in Beijing along with Senior Associate Jiayan Zhu. “These kinds of initiatives are not only politically driven, but require international legal and financial professionals [to] do ground work to push Belt and Road projects forward."