CBLA EVENT NOVEMBER 14 – GOING PRIVATE AND GOING DARK: CONSIDERATIONS FOR U.S. PUBLICLY TRADED CHINESE COMPANIES

As our readers and clients know, Kinney Recruiting and the Asia Chronicles have always been a big supporter of the Chinese Business Lawyers Association. We are institutional members of the CBLA and over the years have advised, represented and placed in Asia a large number of attorney members of the organization, including former board members. We support the CBLA because it is a great source of information on the Asia biglaw markets for US associates based in the US who are considering or seeking a lateral move or transfer to Asia.

The CBLA is having a seminar on Wednesday November 14 that deals with U.S. publicly traded Chinese companies going private. This is a very relevant topic in today’s market, as there is currently a large pipeline of such public to private deals at Private Equity downstream practices of U.S. firms in Hong Kong / China. While the deal flow in the HK / China markets at U.S. firms has been significantly down over the past 15 months, Private Equity practices have been relatively busy, with M&A deals as usual, but also recently very busy with public to private deals. In fact, some of our firm clients in Hong Kong are currently seeking US associate lateral hires with such experience.

During Robert Kinney and Robert Kinney’s most recent visit to Hong Kong, for a few weeks in September, they met with a number of US senior partners of top PE transactional practices and in each case the discussion included the significant pipeline of public to private deals (thought to be a two year pipeline). Part of these discussions on public to private deals dealt with the nice career benefits to mid-level PE associates who have the good fortune to work on such complex deals during this time in their careers. Two partners told us that their having these deals to work on as mid-level associates years ago was a significant fortunate break in their career development.

Clearly, this is a new recruiting trend that we dealing with now and are going to continue to be involved in during ’13 and likely ’14 as well.

Here below are the details on the CBLA event on Wednesday at NYU School of Law. Hope you can make it! Please RSVP by November 9.

Going Private and Going Dark: Considerations for U.S. Publicly Traded Chinese Companies

Dorsey & Whitney LLP and the Chinese Business Lawyers Association cordially invite you to a seminar on U.S. publicly traded Chinese companies that have considered going private or going dark. In light of the challenges many U.S. publicly traded Chinese companies face under the current regulatory and market conditions, an increasing number of Chinese companies are considering leaving the U.S. reporting system by going private or going dark. Going private and going dark are complex processes that involve many business, legal and accounting issues. Restructuring those companies after the completion of a going private transaction also involves tax and corporate issues that require careful planning. An expert panel consisting of senior investment bankers, lawyers and accountants with real case experience will discuss the topic with the audience. Please see the details below and register by November 9, 2012 if you would like to attend.

Wednesday, November 14
4:00 p.m. – 4:30 p.m. | Registration and Refreshments
4:30 p.m. – 6:15 p.m. | Panel Discussion
6:15 p.m. – 7:00 p.m. | Reception

Panelists
• Ted Farris, Partner – Dorsey & Whitney LLP
• Catherine X. Pan-Giordano, Partner – Dorsey & Whitney LLP
• Christy Shue, former Executive Vice President & Corporate Secretary, Harbin Electric, Inc.
• Dennis Galgano, Vice Chairman, Head of International Investment Banking – Morgan Joseph TriArtisan LLC
• Helen Cheng, Director – Houlihan Lokey
• Anthony Tomaro, CPA, Managing Director, UHY Advisors NY, Inc.

Moderator
• Geoffrey Sant, Special Counsel – Dorsey & Whitney LLP

Location
New York University School of Law
Vanderbilt Hall, Classroom 220
40 Washington Square South
New York, NY 10012


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