Thank you to all of the attendees, speakers and sponsors for joining us on the 2nd March 2015 for the annual US-China Legal Summit in Hong Kong. Next stop is Beijing on May 21st 2015 at the Ritz Carlton.
A preeminent global partnership advancing at the speed of sophistication
This years gathering saw us address two keys issues:
Beginning with China the Ministry of Commerce put out a consultation document on amendments to the Foreign Investment Law in mid-January (and the consultation closed mid-February) that has wide and fundamental repercussions to the whole foreign investment regime in China, and potentially also has ramifications on the validity and legality of variable interest entities (VIEs), a structure used by many Chinese companies listed in the US, and also on the Hong Kong Stock Exchange as well.
Recent settlement between the US Securities and Exchange Commission and the Chinese affiliates of the Big-Four accountant firms highlighted audit issues concerning Chinese companies listed in the US and regulatory cooperation between US and China.
With state-owned enterprise reform and the anti-corruption campaign led by Mainland China’s anti-graft body, the Central Commission for Discipline Inspection, global investors watch with interest and focus as to whether China Inc. can “walk the walk”, and not just “talk the talk”.
Shanghai-Hong Kong stock connected introduced last year (and Shenzhen-Hong Kong stock connect in the pipeline) and the possible inclusion of China domestic A-shares into MSCI emerging markets index, governance issues in China are very much in the spotlight, as regional Asian peer markets like Japan are making significant steps on improving governance.
Spurred on by Prime Minister Abe – Japan implemented a Stewardship Code last year, now with more than 170 domestic and international institutional investor signatories and later this year will adopt a corporate governance code, using the UK approach of “comply or explain”.
With all these complex dynamics this years gathering addressed how the in-house counsel should juggle priorities and work hard to ensure that no one drops the ball. How would the general counsel run his/her playbook so that Legal maintains efficiency and best practice for the organisation yet meeting daunting commercial demands ?
The 2015 assessed daily challenges which ranged from crises brought about by anti-corruption investigations, money-laundering prevention and not to mention “knock-knock” by friendly or unfriendly regulators, who themselves are scrambling to do their jobs in a very complicated political environment and searching for the best tools to deal with fast-changing markets.
KEYNOTE & GUEST SPEAKERS:
Michael Posner of Stern Business School gave an inspirational address on the pressures faced by in house counsel in assessing human rights
Mark Steward at the Securities and Futures Commission helped us all pick up our regulatory game
Philip Monaghan of the Hong Kong Competition Commission gave a superb outlook on the competition commission
Together with The Asian Lawyer, Corporate Counsel and Law.com, The American Lawyer is delighted to present the annual US-China Legal Summit. A gathering of the most senior in house legal professionals coming together to strengthen their legal and international business strategy.
General Counsel in China are now operating in a new business environment brought about by regulatory change, increased risk and a shift in the global economy.
For businesses to manage risk alongside rapid growth, board level decisions are increasingly being underpinned by the work of the legal department. It is therefore essential for in house counsel to further strengthen their role as a trusted business advisor through strong, efficient and effective team leadership.
The 2015 agenda responded to multinational organisations insatiable appetite for globalisation with specific interest in the relationship with the U.S.
We are delighted that we have become the integral gathering for senior in house counsel who are interested in the bilateral relationship and the legal issues thrown up by two of the largest economies on earth, U.S.A and China.
Key areas we covered:
March 2, 2015 8:00 AM - 6:30 PMHong Kong
JW Marriott Hong KongPacific Place88 QueenswayHong Kong852-2810-8366
U.S. - China Legal Summit 2015
For information on sponsoring or exhibiting at this event, please contact:
Asia: Jonathan Martin, Associate Publisher - ASIA
T: +852 3103 1053
U.K.: Danny Collins, Managing Director, International Law Firm Division ALM, The American Lawyer
T: +44 (0) 207 766 5241
U.S.: Al Liberty, Sales Manager, Events
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