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.
Read the full article (subscription required).
Disclaimer
Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.