April 7, 2009 - Gide Loyrette Nouel advises Domaines Baron de Rothschild on historic Chinese wine partnership for Chateau Lafite.


Gide Loyrette Nouel (GLN) partner Guillaume Rougier-Brierre and senior associates Guillaume Jeannet and Jiang Chuan have advised Domaines Baron de Rothschild (DBR), one of France’s most famous vineyards, on its investment in China’s promising wine industry.

The GLN team assisted DBR, Chateau Lafite’s parent company, on the establishment of a joint venture with China International Trust and Investment Company (CITIC). The partnership will develop 25 hectares of vineyards in Penglai Peninsula in Shandong Province, an area regarded as one of the most promising for the industry in terms of both its climatic and geological conditions.

The joint venture comes amid growing consumption of wine in China which is expected to reach 1.1 billion bottles of wine a year by 2011, double the figure of 2007, according to industry sources.

GLN acted as international counsel in all legal aspects of the joint venture. Llinks Law Offices acted as local counsel.