The HFCAA and Consequences for US-listed China-based companies

In December 2020, then-US president Donald J. Trump signed into law the Holding Foreign Companies Accountable Act (the "HFCAA"). This law is just one measure, among many, that have been promulgated by legislative and regulatory authorities in the United States ("US") amid a backdrop of increasingly heightened scrutiny of US-listed, China-based companies ("Chinese Listcos"). The HFCAA in particular threatens to cause delisting of Chinese Listcos from US securities exchanges and prohibit trading...
By: White & Case LLP

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