GLG Research is going to be moderating what I am certain will be a fascinating discussion tomorrow on China VIEs and the SEC’s pending investigation into New Oriental Education (EDU). The event is entitled, VIEs – SEC Investigation into New Oriental Education and it will be taking place live on the net and by teleconference on July 25 at 2:00 PM EDT.
The two speakers at this event will be China Law Blog’s own Steve Dickinson and Paul Gillis, Professor of Practice at Guanghua School of Management at Peking University. The webcast/teleconference is expected to focus on the following:
- The structure and legality of VIEs
- The enforceability of New Oriental Education’s (EDU) VIE contracts under Chinese law
- The Significance of the SEC’s investigation into EDU and its impact on other US-listed VIE companies.
For more information on this event, go here. If you miss it live, there will be an audio replay within around 24 hours and there will also be a transcript available for purchase.
For those of you who really want to prepare for this event beforehand, I recommend you read the following China Law Blog posts:
- Variable Interest Entities (VIE) In China. What Would The Buddha (Steel) Say?
- China. Where Everything Is Local. Until It’s Not.
- Gigamedia And The Perils Of VIEs. Dude, Where’s My Chop?
- Thinking Clearly About Chinese Companies Listed On US Stock Exchanges. Or, If A Tree Falls In A Sino-Forest….
- China Law: Don’t Blame It On The Gray.
- Crouching Tiger, Hidden Fraud. Clear Speaking On VIEs.
- Who Owns China’s Internet? Why Even Ask That?
- China VIE Structures, The Podcast. Money….So Money.
- VIEs In China. The End Of A Flawed Strategy.
- China VIEs. The End Of A Flawed Strategy. An Update/Rebuttal.
And the following China Hearsay posts:
- The VIE Discussion Continues – 11/1/11 on G+
- The VIE Meta-Narrative: Illegal vs. Invalid
- A Post-holiday Update on VIE Chatter
- CSRC VIE Research Report Leaked to Media
- Today’s VIE Rumorfest – Update for 9/27
- A New Front Opens in the War on VIEs – Part I
- A New Front Opens in the War on VIEs – Part II
And the following China Accounting posts:
- New VIE IPOs and enhanced disclosures
- Cleaning up the VIE sector – Updated
- Are VIEs a going concern?
- Are VIEs a going concern – revisited
- Cash and VIE
- Statistics on VIE usage
- Emperor’s new suit: VIEs in China
- Explaining VIE structures
- PRC challenge to VIE structures
- Cleaning up the VIE sector
And the following China Finance posts:
- Consolidating Recent Opinions on VIEs
- The CSRC Research Paper and Its Possible Impact
- VIE News Today: More Risk or Government Approval?
- VIEs under IFRS, WFOEs With Variation
- GigaMedia’s VIE Lawsuit
- Who Owns What? Or, Aligning Incentives in VIE Organisations
If you read all of the above, you will probably know more about VIEs than anyone else alive. If you are going to read just one post, make it “Explaining VIE structures.” Oh, and just to give you more to read, I also recommend you read the Silicon Hutong post, “VIEs, The Long Resolution.” In that post, David Wolf talks of how the Chinese government likes to “boil its frogs slowly, not all at once,” and he then talks of how VIEs are on the wrong side of where China wants to be going.