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.
The latest VIE “bombshell” comes from the U.S. regulatory authorities, but it’s too early to draw any conclusions.
The other shoe finally dropped for ChinaCast, except it was a big-ass boot, and it landed on the e-learning company’s neck.
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.
Just when you thought it was safe to read this blog again, I give you the first VIE post of 2012.
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.
Legal esoterica: what’s the difference between illegality and invalidity? When it comes to VIEs and related contracts, the distinction is important.
A curious mix of VIE-related commentary out there on the Interwebs today. I shall attempt to harmonize.
That mysterious CSRC research paper that was given to the State Council is now online, but it isn’t the last word on VIEs.
If the latest is true, the VIE issue has been kicked upstairs, with a formal legal framework to be drafted in the near term.
I’m beginning to understand why the Chinese government hates rumors so much. Maybe Wall Street should be banned from social media?
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.
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?
MOFCOM has now publicly acknowledged VIEs for the first time. Foreign investors may wish to dust off their contingency plans, just in case.
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,…
Is the government coming for your VIE? As long as you add value, you might be allowed to stick around for a while.
In which I uncover a bit of the slimy underside of the China law game.
What does it mean when lawyers say that something is ‘illegal’? No surprise, the answer often is “it depends.”
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.
Finally, a case study of what happens when the person with legal control of a China VIE goes rogue. It ain’t pretty, folks.