Wal-Mart M&A: Yihaodian Restructures its VIE. I Still Have Questions.
October 11, 2012
The government warned Wal-Mart to stay out of the e-commerce biz, so it’s doing some house cleaning. However, there are some complications.
Tag Archives: VIE
SEC Investigates New Oriental VIE Structure. Let the Chatter Begin.
July 18, 2012
The latest VIE “bombshell” comes from the U.S. regulatory authorities, but it’s too early to draw any conclusions.
ChinaCast Education Yanked from NASDAQ
June 26, 2012
The other shoe finally dropped for ChinaCast, except it was a big-ass boot, and it landed on the e-learning company’s neck.
News Corp Purchases Stake in Bona Film Group: Just What Are They Buying Into?
May 14, 2012
Want to know how a listed company discloses its VIE structure to the SEC and the public? Bona Film Group does it better than most.
VIEs and Business Scope: Old Problem, New Packaging
January 10, 2012
Just when you thought it was safe to read this blog again, I give you the first VIE post of 2012.
The VIE Discussion Continues – 11/1/11 on G+
October 28, 2011
All VIE junkies are invited to participate in a teleconference next Tuesday. Your favorite bloggers will be debating the issue and doing a bit of Q&A.
The VIE Meta-Narrative: Illegal vs. Invalid
October 13, 2011
Legal esoterica: what’s the difference between illegality and invalidity? When it comes to VIEs and related contracts, the distinction is important.
A Post-holiday Update on VIE Chatter
October 10, 2011
A curious mix of VIE-related commentary out there on the Interwebs today. I shall attempt to harmonize.
CSRC VIE Research Report Leaked to Media
September 28, 2011
That mysterious CSRC research paper that was given to the State Council is now online, but it isn’t the last word on VIEs.
Today’s VIE Rumorfest – Update for 9/27
September 27, 2011
If the latest is true, the VIE issue has been kicked upstairs, with a formal legal framework to be drafted in the near term.
New York State of Mind: I Have No Idea What Happened to Sina Yesterday
September 21, 2011
I’m beginning to understand why the Chinese government hates rumors so much. Maybe Wall Street should be banned from social media?
A New Front Opens in the War on VIEs – Part II
September 19, 2011
A VIE crackdown would involve a lot of practical difficulties. Don’t expect to see the CSRC to be in the vanguard of a new crusade.
A New Front Opens in the War on VIEs – Part I
September 19, 2011
China’s securities agency is worried about fraud and accounting scandals, but VIE structures take offshore listings out of its jurisdiction. Is more regulation the answer?
China Issues New Inbound M&A Rules. Is It Hammer Time for VIEs?
August 29, 2011
MOFCOM has now publicly acknowledged VIEs for the first time. Foreign investors may wish to dust off their contingency plans, just in case.
China Hearsay on the China Money Podcast
August 14, 2011
If reading my posts on VIE structures, venture capital, and risk management is not enough for you, check out the latest installment of China Money Podcast (here is the link for iTunes). This is me unscripted, awkward, and in my monotone grown-up voice. I tried to get a voice stand-in, but neither James Earl Jones, [...]
Reading the VIE Tea Leaves
July 25, 2011
Is the government coming for your VIE? As long as you add value, you might be allowed to stick around for a while.
Who Owns China’s Internet? The Sordid Side of Legal Opinions
July 18, 2011
In which I uncover a bit of the slimy underside of the China law game.
Gray Areas in China Law: A Vote For Legal Realism
July 6, 2011
What does it mean when lawyers say that something is ‘illegal’? No surprise, the answer often is “it depends.”
Rationalizing Risk: Phantom Gray Areas in Chinese Law
June 22, 2011
No foreign investor wants to admit to violations of the law, particularly when the usual excuse of “But officer, I didn’t know it was illegal” is readily available. Whatever helps you sleep at night.
GigaMedia: the Answer to the ‘What If?’ VIE Question
June 10, 2011
Finally, a case study of what happens when the person with legal control of a China VIE goes rogue. It ain’t pretty, folks.