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.

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