May, 2017

Matthew Sava Invited To Speak At EB-5 Seminar

Wednesday, May 17th, 2017

Matthew Sava made a presentation on EB-5 litigation issues at a seminar entitled, "The EB-5 Program Reform: What Your Firm Should Be Aware of In 2017," on May 17, 2017. For his presentation, Matthew reviewed the types of claims frequently encountered in EB-5 lawsuits, reviewed SEC enforcement trends, and provided practical guidance on the steps...  read more

Reid & Wise Partner Shiyong R Ye Joined Celebration at New York City Mayor's Mansion

Thursday, May 11th, 2017

On Monday evening May 10, 2017, Reid & Wise’s partner Shiyong R. Ye was invited by Bill De Blasio, Mayer of the City of New York, and Chirlane McCray, First Lady of the City of New York, to join the celebration of the Asian Pacific American Heritage month at Gracie Mansion, the Mayer’s residence along...  read more

China Expands Data Export Restrictions

Tuesday, May 9th, 2017

China’s Network Security Law (the “NSL”), adopted late last year, is set to take effect on June 1, 2017. One of the most important provisions of the NSL is Article 37, which requires operators of critical information infrastructure to store personal information and important data within China. Transferring such information overseas is only permitted after...  read more

VIE-Like Structure Affirmed by Supreme People’s Court in China

Saturday, May 6th, 2017

Investing in Chinese companies is no easy task, as such investments oftentimes entail complex restrictions imposed on foreign-owned entities, especially in certain restricted industries. To avoid being treated as foreign invested companies, many Chinese companies have opted to set up a contractually owned structure called a Variable Interest Entity (VIE), which allows foreign investors to...  read more