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:

And the following China Hearsay posts:

And the following China Accounting posts:

And the following China Finance posts:

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.

  • Mrcool

    have either you or your co-blogger steve dickinson ever worked on a deal involving a VIE structure?

    • We worked on a number of such deals many many years ago, but a few years ago we became so negative on them that we essentially talked ourselves out of the market.  Once we started making clear that we thought they were too risky, companies stopped coming to us to do them — no surprise.  However, Steve has been a consultant/expert on a number of VIE deals and lawsuits even since then.  Just curious why you are asking?

  • You mention this event as ‘free’, but the link to GLG site does not provide any links, phone numbers, etc. to access.

  • kong

    Most of companies listing in HKSE are using VIE structure also.  For example, and another car dealership companies  are structure in VIE. And I think Sands China and Wynn Macau uses VIE also.