Volume 1 - Number 9 | December 2006
| Alternative Routes To U.S. Markets Impact Reporting Requirements For Chinese Companies By Barbara A. Jones According to the U.S. Securities and Exchange Commission’s Web site, there are currently 144 domestic Chinese companies registered with the Commission. This number is deceiving, however, since more and more Chinese companies are entering the U.S. through business combinations with U.S. domestic listed companies or through off-shore holding companies, utilizing the wholly-owned foreign enterprise (WOFE) structure. While the end result is the same — a listing on a U.S. exchange — the decision to “domesticate” in the United States or remain a “foreign private issuer” can have significant ramifications for the company’s ongoing regulatory compliance obligations. Foreign private issuers continue to enjoy certain levels of relief from the U.S. compliance regime by virtue of the fact that they are also required to comply with their local, or “home country”, reporting requirements. |
| China’s World Trade Compliance By Usha C. V. Haley, Ph.D. Board of Editors member, Prof. Usha Haley, spoke at the U.S.-China Economic and Security Review Commission Hearing on China’s World Trade Compliance. In Part One, she addressed subsidies, their forms and complications. In Part Two, she covers how profitable and available those subsidies are and how profitable companies are that serve the China market. |
| Fried Frank Set to Open Office in Hong Kong By Anthony Lin Four years ago, it was the law firm merger everybody was talking about. Then it didn't happen. Now the firm is turning its attention to Asia. It is set to announce today the opening of a Hong Kong office. Six partners recruited from British firm Simmons & Simmons, led by China region managing partner Huen Wong, will launch the office for Fried Frank. Another three from Simmons & Simmons, including China corporate head Stephen Mok, will come aboard early next year. |
