Distressed Acquisitions in the U.S.: Opportunities and Risks for Buyers
21 March, 5:00 – 6:00 PM HKT (GMT +8)
Host: Ming Xie
Presenters: Brian Lee (Partner, PivotPoint Law) and Farley Lee
In current economic conditions, companies with over-leveraged balance sheets are particularly susceptible to default, even though the business may be fundamentally sound. How can investors acquire such companies in the U.S. at a substantial discount while keeping risks manageable? We'll discuss:
- Reasons for discounting in distressed M&A, including cash deal, "as is" sale, sale under time pressure, and few experienced buyers.
- Potential major risks when purchasing distressed companies, including successor liability, fraudulent transfer lawsuits, liens following assets, and third-party interference.
- Two different ways to address risks – Uniform Commercial Code foreclosure versus bankruptcy sale.
- An advanced lesson on loan-to-own strategies.
Learn about distressed acquisition opportunities in the U.S. and possible considerations from buyer's perspective.
Register for this webcast
(Tune in to a relevant webcast presented in Putonghua at 11:00 AM HKT (GMT +8) on
28 March. Please visit Chinese language webcasts website for program details.)
China Domestic / Inbound Investment
Fraud and China M&A: Now You See It, Now You Don't?
23 November 2011
Host: Ben Rowse
Presenters: Stanley Lah and Nick Robinson
Occurrences of fraud, corruption, and dishonesty have no national boundaries, social status, or cultural differences and cause signification damage to organizations' reputation, assets, and stakeholder confidence. How can companies undertaking M&A in the China marketplace mitigate risks of such occurrences? We'll discuss:
- An overview of various risks companies are exposed to when conducting M&A, including fraud and conflicts of interest, integrity issues, intellectual property right disputes, data protection issues, and legal disputes.
- Forensic tools for protecting against such risks, as well as uncovering problems and resolving them smoothly.
- Case studies exploring how companies have successfully navigated past fraud challenges.
Learn about forensic issues facing acquirers in China and possible implications for your China-related business strategies.
China Outbound Investment
Borderless, Boundless: 2011 Greater China Outbound M&A Spotlight
16 November 2011
Host: Douglas Robinson
Presenters: Eric Leung and Jeremy South
In the first half of 2011, outbound Chinese M&A activity continued at a record-breaking pace. Will this trend continue in coming years, and what are possible shifts in previous spending patterns, geographic targets, and sectors of interest? We'll discuss:
- Outbound investment trends and statistics, including motivations and incentives for key Chinese companies expanding overseas.
- Key target sectors, including diversification away from energy, resources, and infrastructure to consumer business, transportation, and technology, media, and telecommunications.
- A profile of acquirers, including activities of serial acquirers, challenges faced by newcomers, and the role of private equity firms in overseas M&A.
Understand key issues surrounding overseas investments and how they might affect your China-related business strategies.
(Tune in to a relevant webcast presented in Putonghua at 11:00 AM HKT (GMT +8) on 30 November. Please visit Chinese language webcasts website for program details.)
China Outbound Investment
Project Financing for Foreign Acquisitions: Challenges and Strategies for Chinese Companies
1 September 2011
Host: Timothy Klatte
Presenters: Francois Magni and Annie Tse
With many state-owned and private enterprises in China seeking to finance M&A activity outside of their domestic marketplace, capital channels are diversifying. What risks might companies encounter as they raise capital, and what strategies can help address these challenges? We'll discuss:
- Recent project financing trends for outbound acquisitions, including political and country risks and some common roadblocks in China.
- Financing support by PRC banks and the Export Import Bank of China.
- Risks and rewards of conducting deals in a foreign currency, including exchange rates as well as dual-currency and offshore loans.
- Designing and implementing capital-raising strategies, including recent case studies.
Explore ways Chinese companies can develop effective and efficient project finance strategies while addressing regulatory and market challenges.
(View a relevant webcast presented in Putonghua on 25 August. Please visit Chinese language webcasts website for program details.)