Now that M&A activity has picked up from the worst of the pandemic lows in 2020 more buyers and sellers are looking to do deals. Buyers can now examine targets through the lens of an economic downturn to see how the business fared. Regardless of COVID-19, buyers seem to think that nothing could go wrong when buying a business. Overconfidence…
By Shuying Lin In November 2020, Californians voted to pass the California Privacy Rights Act (CPRA), a significant addition and amendment to the currently operative California Consumer Privacy Act (CCPA). Most of CPRA’s provisions will become effective on January 1, 2023, and administrative enforcement will start six months later, with a 12-month look back period (CPRA will apply to personal…
Seed funding is an essential step in the growth of any startup business. Find out how to prepare your company for seed funding with the venture capital and seed funding experts at YK Law. The lawyers at YK law has matched startups with investors for over 35 years. Let us help your new business get seed funding, or help you…
On September 25, 2020, the U.S. Department of Labor (“Department”) announced proposed revisions to its interpretation of independent contractor status under the Fair Labor Standards Act (“FLSA’ or “Act”). The stated purpose of these revisions is to promote certainty...
How to Set Up a WFOE in China Thinking about doing business in China? Many cities and provinces are offering tax incentives and easing administrative requirements for foreign investors. One of the several business structures and contracts that are available to foreigner investors in China is WFOE, which stands for Wholly Foreign Owned Enterprise. The attorneys at YK Law explain…
Is China a good place to start a business? Yes! China has a lot to offer a foreign investor, from cheap labor relative to the U.S. to advanced infrastructure and tax incentives for foreign businesses. How can a foreigner start a business in China? How long does it take to open a business in China? Join YK Law in exploring…
The two most important statutes regarding data privacy and compliance are the European Union’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). The GDPR came into force on May 25, 2018. and applies to every member state in the European Union (EU) and those who have contact with EU citizens. EU member states may legislate higher…
By Jesse Weiner and Shuying Lin On June 22, 2020, the United States Court of Appeals for the Second Circuit affirmed the conspiracy to commit “honest services” wire fraud convictions of two former officials of the global football organization, the Fédération Internationale de Football Association, popularly known as FIFA. FIFA is a Switzerland-based entity whose mission is to promote football…