|[November 08, 2012]
Dorsey & Whitney November 14 Program to Focus on Going Private and Going Dark for Chinese Companies
NEW YORK --(Business Wire)--
International law firm Dorsey & Whitney LLP today announced an upcoming
panel discussion, "Going Private and Going Dark: Considerations for U.S.
Publicly Traded Chinese Companies" to take place at New York University
on November 14. The program will focus on issues related to the recent
trend of U.S. publicly traded Chinese-based companies going private or
going dark in the United States. Many Chinese companies have utilized or
are considering utilizing such mechanisms to exit the U.S. public
reporting system and to reduce compliance costs and regulatory burdens.
The panel discussion will be held at New York University School of Law,
Vanderbilt Hall, Classroom 220, 40 Washington Square South, New York
City on November 14, 2012, at 4:00 p.m. Those interested in attending
can click here
Panelists and moderators include:
Catherine X. Pan-Giordano - Partner, Dorsey & Whitney LLP
Ted Farris - Partner, Dorsey & Whitney LLP
Christy Shue - former Executive Vice President & Corporate Secretary,
Harbin Electric, Inc.
Geoffrey Sant - Special Counsel, Dorsey & Whitney LLP
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.
"Chinese companies publicly traded in the U.S. face unprecedented
challenges under current regulatory and market conditions. Increasingly,
their U.S. public company status and U.S. stock exchange listing have
become more of a burden than a benefit," said Dorsey capital markets
Partner Ted Farris. "China-based issuers may have compelling reasons to
delist their securities from U.S. stock exchanges and exit the
Securities and Exchange Commission's public reporting system."
"The process of delisting, deregistering and going private is complex,
and there are many business, legal and valuation issues for companies to
consider," added Dorsey Partner Catherine X. Pan-Giordano, who is also a
founding director of the Chinese Business Lawyers Association. "Our
panelists bring different perspectives based on their extensive company
experience to the decision making process for a company considering
going private or going dark."
Esther Chiang, a Director of the Chinese Business Lawyers Association,
said: "The CBLA is thrilled to be working with Dorsey & Whitney on this
event. Ted Farris and Catherine X. Pan-Giordano are two of the leading
experts in the field of going dark and going private, and their expert
analysis of this topic is particularly helpful now, as so many Chinese
companies consider taking this step."
About Dorsey & Whitney LLP. Celebrating its 100th
Anniversary, Dorsey & Whitney LLP is an international law firm with over
550 attorneys in 19 offices. Dorsey's New York office opened in 1984 and
has over 55 attorneys. The Asia-Pacific practice group serves clients
from offices in Shanghai, Hong Kong, Europe and North America. Dorsey
represents a number of the world's most successful companies in a wide
range of industries, including leaders in the financial services, life
sciences, technology, agribusiness and energy sectors, as well as major
non-profit and government entities. Dorsey's New York office is located
at 51 West 52nd Street, New York, New York. For more
information, visit www.dorsey.com.
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