June 17, 2020
The Holding Foreign Companies Accountable Act, the bill aimed at addressing a perceived double standard for US-listed Chinese companies that deny access for PCAOB auditor inspections, has passed the US Senate and is awaiting a vote in the US House of Representatives. If the bill becomes law, it may spur US-listed Chinese companies to go private. The going private ramifications for valuations and potential claims made in courts will be important developments to watch, as this article from Secretariat’s Paul Marcus, Eddie Tobis and Brendan Porter (with help from Howard Rosen, Sangjoon Lee and Gigi D’Souza) describes.
Navigating ECCTA: A Guide for Organizations
Ben Boorer, writing for Enterprise Times, discusses the Economic Crime and Corporate Transparency Act (ECCTA), which comes into force on 1st September 2025. ECCTA will reshape the UK’s compliance landscape by, amongst other things, holding organisations accountable for fraud committed by employees, agents, and subsidiaries.
Google Damages Ruling Offers Lessons for Testifying Experts
In an article for Law360, Director Adam Rhoten explores the implications and significance of the recent en banc U.S. Court of Appeals for the Federal Circuit decision in EcoFactor Inc. v. Google LLC, a significant ruling that marks a shift toward stricter judicial scrutiny of expert testimony in patent cases.
Achieving Organic Growth for a Legal Nonprofit
In this article for Law 360, Secretariat Managing Directors and co-founders of Law Rocks Nick Child and Ted Scott reflect on their journey of founding the nonprofit, reflecting on the biggest challenges they faced, and how they balance this endeavor with their full-time careers.