Derik’s practice primarily focuses on compliance, regulatory, sanctions, export control, and white-collar matters, as well as investigations under the Foreign Corrupt Practices Act (FCPA) and other anti-bribery laws.

He has experience advising multinational companies in finance, healthcare, technology, telecommunications, cryptocurrency, and various other industries. Derik represents corporate clients based in the United States, China, Japan, and Europe in various FCPA and other internal investigations, including in matters relating to commercial bribery, fraud, data privacy, embezzlement, and breach of fiduciary duties. He has extensive experience representing multinational pharmaceutical and medical device companies in conducting sensitive investigations and designing systematic remediation programs. Derik has assisted leading healthcare, technology, investment portfolio, and consulting companies based in the United States and Europe in handling some of the most sensitive and impactful investigations in the APAC region, including matters that involve regulatory investigations, compliance monitorships, self-disclosures, and negotiations before the U.S. Department of Justice (DOJ).

Derik also assists banks, investment funds, and other financial institutions in managing sanctions-related risks. Additionally, Derik has advised NYSE-listed companies on their defense in securities class actions, regulatory investigations, and parallel lawsuits. Derik also defends individual clients based in Mainland China, Hong Kong, and Singapore in connection with U.S. criminal and civil lawsuits, including securities class actions, regulatory investigations, and criminal lawsuits involving wire fraud, insider trading, economic espionage, and theft of intellectual property.

Prior to joining MoFo, Derik worked at a leading international law firm in Palo Alto, California, where he represented various leading technology companies in internal investigations and commercial litigations. He received his J.D. cum laude from Washington University in St. Louis. While in law school, Derik externed for a federal judge in Missouri and drafted multiple opinions. Before law school, Derik was a senior M&A consultant at a world-leading accounting firm.

Derik is fluent in English and Mandarin.

Representative Experience

Internal and Government Investigations

• A world-leading pharmaceutical company based in the United States in various internal investigations and remediation projects concerning its operations in China, South Korea, and EMEA.
• A Fortune 500 healthcare company based in the United States in various internal investigations concerning its operations in China that involve anti-bribery, embezzlement, data privacy, and accounting fraud issues.
• A leading Chinese communication technology company in certain FCPA internal investigations concerning its operations in Asia, South America, and Africa; engaged in settlement negotiations with DOJ.
• A world-leading professional service firm based in the United States in multiple internal anti-bribery investigations concerning its operations in China.
• A leading Chinese institutional investor in certain business fraud investigations in various states in the United States and a parallel multibillion-dollar civil trial before the Delaware Court of Chancery.
• A Europe-based healthcare company listed on the NASDAQ in a six-month compliance remediation project for its operations in China.
• A world-leading communications company based in California in certain technology export control and data privacy investigations in response to various DOJ and grand jury subpoenas.
• A leading U.S. agricultural company in certain internal investigations concerning its subsidiary in China and related commercial fraud issues.
• A multinational European medical device manufacturer in certain FCPA internal investigations.
• A NASDAQ-listed medical device manufacturer based in Europe in certain internal investigations and anti-bribery remediation matters concerning its operations in China.
• A leading U.S. wealth management company in response to certain DOJ investigations under the Commodity Exchange Act.
• A Chinese blockchain company listed on the New York Stock Exchange in certain commercial fraud investigations and a related securities class action; provided compliance training on U.S. securities laws to the client’s board of directors and senior executives.

Sanctions and Export Controls

• A cutting-edge U.S. technology company in an internal investigation concerning alleged export violations relating to its operations in China.
• A large Chinese bank’s subsidiary in Hong Kong in various commercial sanctions matters, including matters that involve U.S. sanctions regimes relating to Russia, Mainland China, Hong Kong SAR, Iran, and North Korea.
• A large multinational telecommunication service provider headquartered in Asia in export control and commercial sanctions matters.
• A Fortune 500 Chinese bank in various U.S. sanctions-related matters concerning its operations in Hong Kong.
• A large Chinese bank’s subsidiary in Hong Kong in establishing a sanctions compliance program, including sanctions monitoring tools.
• A leading Chinese insurance company’s overseas investment function in handling various matters under the U.S. sanctions regimes relating to Russia, Mainland China, and Hong Kong SAR.
• A large Europe-based bank with extensive operations in China in assessing sanctions and export control risks and establishing a sanctions compliance program.
• A leading Chinese sovereign wealth fund in certain matters concerning U.S.-initiated sanctions against Russia and China.

Litigation and Arbitration

• A major U.S. online retail platform in a series of arbitrations concerning labor/employment and gig economy disputes before the American Arbitration Association (AAA).
• A Chinese asset management firm and its U.S. subsidiaries in certain shareholder dispute lawsuits before the San Francisco Superior Court.
• A major Chinese insurance group company and its U.S. subsidiaries in a US$4 billion contract dispute trial before the Delaware Court of Chancery, the appeal before the Delaware Supreme Court, and parallel anti-fraud investigation matters before various California state courts.
• A Chinese block chain company listed on the New York Stock Exchange in a securities class action before the United States District Court for the District of New Jersey, and a parallel internal investigation.
• A major Canadian transportation group company in a contract dispute before the United States District Court for the Central District of Illinois.