Thomson Reuters is pleased to announce the launch of Westlaw Business in China and Hong Kong. Westlaw Business will provide China-based business lawyers with an innovative, comprehensive legal resource - the first of its kind to serve global legal professionals. "The economic strength and importance of China has been underscored by the country's global mergers and acquisitions activity, which has continued throughout the recession," said Westlaw Business Senior Vice President Kevin Ritchey. "China and Hong Kong are leading in this area, pulling other economies forward through cross-border and local dealmaking. Westlaw Business enables global business lawyers and those who support them to better spot issues, perform due diligence, find precedent agreements and draft the documents needed for creating successful business transactions in this important region."
At the core of Westlaw Business are specialized work centres tailored to the unique needs of business lawyers around the world. The centres include M & A, Securities U.S., Securities UK, Securities Canada, Islamic Finance, Corporate Finance, Restructuring, Private Equity and LIVEDGAR. The service includes some 500,000 specialized documents that provide comprehensive legal, financial, regulatory and current awareness perspectives of complex legal matters and business transactions relevant to the Asia Pacific market. Business Citator, which is integrated into Westlaw Business centres, provides a deeper understanding of the clients, peers, suppliers, acquisition targets and competitors connected to specific transactions.
"Launching Westlaw Business as a truly global platform reinforces our commitment to supporting lawyers on a global basis," said Peter Warwick, president and CEO of Thomson Reuters, Legal. "Our ability to develop the right products for practitioners in all parts of the world reflects the unique expertise and resources of our global organization. We can share our common technology platforms, infrastructure and business models across markets, and effectively tailor products to meet local customers' needs."
China is an emerging force in business law, and access to Westlaw Business, with its comprehensive global company information, will allow Chinese corporations, law firms and government to more effectively engage in the world economy.
Delhi-based Indlaw, the leading provider of online legal and regulatory information in India, was acquired in July, 2009, by Thomson Reuters and aligned to its Legal segment.
The acquisition supports Thomson Reuter's goal of investing in faster-growing emergent markets and complements recent moves in China and Brazil. "International content on Westlaw is already used by many Indian practitioners," said Helen Owers, chief operating officer, Thomson Reuters, Legal. "The Indlaw acquisition will give Thomson Reuters a much more meaningful presence in this key market."
Indlaw was launched in 2002 to provide solicitors, advocates, students and other legal professionals with access to information on various primary and secondary legal documents, such as constitutional texts, parliamentary debates, case law, parliamentary and state enactments and delegated legislation in both India and the U.K. Today, Indlaw is the most trafficked online service for legal and regulatory professionals in India.
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