Event: Seminar on "CSRC and SEC: In Search of a Path Forward"

Date: 02/05/2013

We cordially invite you to a free seminar co-hosted by our Hong Kong Chapter and Kobre and Kim LLP entitled "CSRC and SEC: In Search of a Path Forward" on Tuesday, February 5 at 6:30 pm) HKT at The Law Society of Hong Kong Clubhouse.  Please RSVP to [email protected].


This past December, the U.S. Securities and Exchange Commission (the "SEC") brought enforcement cases against five audit firms in China over the firms' refusal to provide audit work papers to the SEC. The audit firms cite China State Secrets Law as the basis for their refusal to comply with the SEC request. Negotiations between the SEC and the China Securities Regulatory Commission (the "CSRC") to resolve this conflict between their respective domestic laws have seemingly failed.  The seminar will examine the implications of this dispute including what it means for Chinese companies seeking to raise capital in the U.S. and for audit firms based in China with U.S.-listed clients. It will also consider other examples of cross-border regulatory dysfunction and whether they can provide a template for resolution of the SEC-CSRC dispute.



William F. McGovern focuses his practice on international commercial disputes, international regulatory and criminal investigations, as well as matters involving worldwide asset-tracing, the law of offshore trusts, liquidations, and international judgment enforcement. Prior to joining Kobre & Kim LLP, Mr. McGovern was a Branch Chief at the SEC's Enforcement Division.
Joyce (Qinyu) Xiang, a native Mandarin speaker, focuses her practice on the representation of 

international clients in internal investigations and government enforcement defense matters. She also focuses on complex civil litigation, representing clients in a variety of different industries.