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O’Melveny’s Li Quoted in a Wall Street Journal Blog on Chinese Anti-Bribery LawsSeptember 19, 2013
On September 19, 2013, O’Melveny & Myers partner Qiang Li was quoted in one of the Wall Street Journal’s blogs, China Real Time Report, in a post titled “When is a Mooncake Just a Mooncake?” The article focuses on the heightened attention Chinese authorities as well as Western regulators are paying to anti-corruption laws, making businesses in China and other emerging markets nervous about giving and receiving gifts. Li told the publication that mooncakes, a traditional Chinese pastry frequently given as a gift in the fall season, have been “a hard sell” this year following a recent ban on their purchase with public funds. “In a good year, I would get 10 or 15 mooncakes or coupons for mooncakes, but this year, I’ve only gotten five,” he said in the article.
Li is managing partner of O’Melveny’s Shanghai office and a member of the Firm’s Mergers and Acquisitions and Corporate Finance Practices.