AVCJ
A recent story by AVCJ titled “Coronavirus & China VC: Bifurcation point” discussed the impact of COVID-19 on the trend of VC investments in China. In the article, Morrison & Foerster partner Ruomu Li notes that investors may consider making approval for a down round – even if they don’t participate in it – conditional on enhanced information and governance rights, the removal of share transfer restrictions, and more aggressive liquidation preferences.
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