Larry Sussman

Partner

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Larry Sussman is the office head and chief representative of O’Melveny’s Beijing office. Larry speaks Mandarin, is based in Beijing (since 1998), and has extensive experience doing business in China in multiple practice areas.

Larry’s practice covers three main areas: China transactional work, tax structuring and disputes, and other China regulatory matters.

In the transactional area, Larry has represented clients in many “firsts” as they have entered the China market over time. As a result, his practice in the transactional area has evolved with the development of China, and each new matter/area often requires sophisticated problem-solving skills and experience. Historical “firsts” in formerly restricted and prohibited industry sectors for foreign investment in China that Larry advised on included joint ventures, M&A, and partnerships with respect to retail, basic telecommunications, value-added telecommunications, trade, semiconductors, e-commerce, real estate, onshore RMB private equity funds, outbound RMB private equity funds, and distressed investments and lending transactions. Current transactions Larry covers are those in the film and entertainment area for China, as detailed in Experience.

In the tax structuring and disputes area, Larry is well-known in the market as one of few tax lawyers able to handle sophisticated cross-border structuring matters and their associated documentation, as well as the favorable settlement of various tax investigations in China. Larry regularly represents the most active international financial institutions in China with respect to their most sensitive tax matters.

In other China regulatory areas, Larry has led and helped resolve numerous crisis situations in China, including IP enforcement crisis matters, labor disruption matters, trapped cash pitfalls, regulator disagreements, and other difficulties involving various regulatory campaigns or abrupt shifts in governmental policy.

Larry also serves on the Firm’s Policy Committee, which is the Firm’s board of directors, has previously served on the Firm’s partner compensation committee, serves on the Firm’s audit committee, is the regional head of transactions for Asia, and is the Chair of the Firm’s Asia Committee.

Languages

  • English
  • Mandarin Chinese

Honors & Awards

  • Ranked a leading lawyer in China by Chambers Asia for Tax (2009-2013) and Investment Funds (2013)
  • Recommended by Legal500 for Investment Funds and Tax practice in China (2013); named by Asialaw Profiles as a leading lawyer and tax expert in China (2013)
  • Named by Who’s Who Legal as an expert in Corporate Tax (2013)
  • Described as “highly regarded in the international tax field” by International Tax Review (2012)
  • Listed as a top global tax adviser in Tax Directors Handbook (2009-2013)

Admissions

Bar Admissions

  • Hong Kong
  • New York

Education

  • New York University School of Law, LL.M. in Taxation
  • New York University School of Law, J.D.
  • Baruch College of the City University of New York, BBA: salutatorian

Professional Activities

Member

  • New York State Bar Association, Tax Section
  • Committee on Foreign Activities of U.S. Taxpayers and Committee on U.S. Activities of Foreign Taxpayers

Member of Advisory Board

  • U.S.-Asia Law Institute at NYU

Co-founder

  • China Tax Forum
  • American Chamber of Commerce in Beijing

Co-author

  • Tax Management Portfolio, No. 957, Business Operations in the People’s Republic of China

Correspondent

  • Tax Notes International (covering China)

National Reporter

  • International Bar Association, Taxes Committee (covering China)

Volunteer Advisor

  • China Intellectual Property Rights Advisory Program, American Bar Association

Editorial Board Member

  • China Tax Intelligence Magazine
  • A global luxury cruise line operator in connection with its entry into the Chinese travel, leisure, and entertainment market
  • Imax Corporation in connection with a virtual reality fund involving certain Chinese investors to help finance the creation of interactive VR content experiences for VR platforms, including in IMAX VR™ centres
  • A US merchant bank specializing in entertainment and media investments in connection with the establishment of an onshore RMB fund for investments into Chinese film productions
  • A number of Chinese private equity backed strategic buyers in connection with diligence and bids on various US film and entertainment related assets
  • Imax Corporation in its joint venture with China Media Capital for the raising of the IMAX China Film fund which will co-finance blockbuster-style Mandarin-language films from high-profile filmmakers which can leverage the IMAX® brand, relationships, technology and release windows
  • Warner Brothers in its formation of the CMC Creative Fund dedicated to investing in Chinese and international entertainment content opportunities covering film, TV, and live entertainment with China Media Capital, RatPac Entertainment, and WPP
  • Warner Brothers in the tax structuring of Flagship Entertainment Group Limited, to develop and produce a slate of Chinese-language films, including global tentpoles, for distribution around the world, including China with China Media Capital
  • Legendary East in connection with various co-productions, co-financing, and other film investment matters involving China Film Group and other parties
  • Marriott Vacation Club International in connection with time share real estate arrangements for the Chinese travel and leisure sector
  • Lionsgate in connection with its China entry strategy and various structuring matters for certain film co-financing in China
  • The Weinstein Company in connection with certain Sino-foreign co-productions
  • Alibaba and Alipictures in connection with various structuring and other matters in the entertainment industry
  • Scientific Games in connection with certain products and services for the sports lottery in China
  • International Game Technologies in connection with a strategic alliance for the welfare lottery in China
  • Ticketmaster Corporation in connection with certain stadium performances in China and other China market operational matters
  • Certain actors and actresses in connection with the tax efficient structuring of various commercials and other rights agreements for the Chinese market
  • Certain sports stars in connection with branding and other China market entry matters
  • Oaktree Capital in connection with its first qualified domestic limited partner in China working with Noah Private Wealth Management, CreditEase, Harvest Capital Management
  • Qihoo 360 in connection with the formation of corporate investment funds
  • Warburg Pincus in connection with the formation of an RMB fund in Beijing
  • Goldman Sachs in connection with numerous investment related tax structuring matters concerning China
  • Actis in connection with numerous investment related tax structuring matters concerning China