Team size: 25

How do you approach managing legal aspects during periods of instability or crises to ensure the organisation’s resilience?

It can be approached with the following strategies: crisis management practice, contract risk management, compliance monitoring, legal risk assessment, stakeholder communications, compliance audits, legal risk reporting, crisis response plan, as well as contract and insurance considerations.

What are the main projects that you have been involved in recently?

Some of the main projects concern account receivable lawsuits, infrastructure and new building solutions projects, modernisation projects, service platform projects, acquisition of service companies, and more.

What are some of the main trends impacting the industry sector you work in in China?

Here are some of the main trends impacting the elevator industry sector in China:

Technological integration and innovation: the integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies in elevators is gaining increasing attention, offering improved performance, predictive maintenance, and enhanced user experiences. As China continues to prioritise technological innovation across various industries, the elevator market stands to benefit from the adoption of cutting-edge solutions, driving demand for modern and efficient elevator systems in commercial and residential buildings.

Rapid urbanisation driving market growth: in China, the acceleration of urbanisation and infrastructure development is continuously increasing the demand for vertical transportation solutions such as elevators and escalators.

High initial costs hinder market growth: the substantial costs associated with the installation, maintenance, and upgrading of elevators constitute a barrier to market expansion. From the initial installation expenses to ongoing maintenance fees, as well as the need for upgrades to meet safety regulations and improve energy efficiency, building owners face significant financial challenges. These difficulties are particularly acute for owners in economically underdeveloped areas or in older buildings. Therefore, the high costs associated with elevators hinder market growth across various regions.

Integration of Artificial Intelligence (AI) in elevators expected to create future opportunities for the market: the incorporation of AI-driven predictive maintenance in the elevator industry presents an intriguing prospect, revolutionising maintenance and operational procedures through advancements in AI. By analysing data collected from elevator sensors, AI algorithms can predict maintenance needs in advance, minimising downtime and maximising elevator runtime. This proactive approach not only extends the lifespan of elevator components but also enhances safety by predicting unexpected failures and optimising resource allocation, resulting in significant cost savings for elevator companies.