Morrison & Foerster partner and global chair of the Private Equity group, Marcia Ellis, is quoted in an article “China’s new VIE rule eases concerns about overseas IPOs following months of uncertainty after Didi probe” published by the South China Morning Post on December 25, 2021.
According to the article, China’s securities watchdog has given tacit approval to Chinese companies that set up as variable interest entities (VIEs) in offshore markets if they register with regulators and meet compliance rules. “Some companies that are not fully compliant with all regulations in China may no longer be able to list anywhere,” Marcia said.
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For further information, please contact:
Marcia Ellis, Partner, Morrison & Foerster
mellis@mofo.com
