March 29, 2016
How M&A Agreements Handle Risks & Challenges of PRC Acquirors
Here’s the intro from this Cleary Gottlieb blog by Ethan Klingsberg and Rob Gruszecki:
Companies based in the People’s Republic of China have committed to over $100 billion of overseas acquisitions since January 1, 2016, including a number of high profile targets in the United States and Europe. The ties of these buyers to governmental entities in the PRC, coupled with the unpredictability of the PRC government, and the challenges that a non-PRC counterparty faces when seeking to enforce contractual obligations and non-PRC judgments in PRC courts has led practitioners to implement an array of innovative provisions in M&A Agreements.