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Sussman Quoted in New York Times On Regulatory Loophole with Regard to United States-Listed Chinese CompaniesJanuary 24, 2012
O’Melveny & Myers LLP partner Lawrence Sussman, managing partner in the Firm’s Beijing office, is quoted in the January 24, 2012, New York Times Dealbook article “A Loophole Poses Risks to Investors in Chinese Companies.” According to the article, legal experts “doubt Chinese regulators will abolish the practice or even force big Chinese companies to unwind their structures any time soon.”
''That'd be like taking a knife to about 80 U.S.-listed companies that have used this structure over the past 12 years,'' said Sussman. ''This structure is unlikely to go away.''