By Jiang Bian, Staff Member On May 14, 2017, President Xi Jinping of China outlined plans to fund China’s One Belt, One Road (OBOR) initiative.[1] OBOR’s official name is “The Silk Road Economic Belt (“Belt”) and the 21st-century Maritime Silk Road (“Road”),”[2] and it is a global project seeking to coordinate trade routes on both…
Continue ReadingBy Sean Choi, Staff Member On February 5, 2018, the South Korea Appeals Court reversed the lower court’s decision, letting the heir of Samsung, Jay Y. Lee, walk free out of jail.[1] The decision frustrates many South Koreans who believed that putting one of the most powerful businessman in jail would be an important milestone…
Continue ReadingBy Amy Byrne, Staff Member In November 2017, eighty percent of global bitcoin trading[1] was accounted for in South Korea, Japan, and Vietnam.[2] South Korea, known as the most active cryptocurrency exchange in the world,[3] is reportedly “obsessed” with bitcoin.[4] An estimated one in fifty South Koreans are trading cryptocurrency.[5] Consequently, South Korea’s recent cryptocurrency…
Continue ReadingZachary Miller, Staff Member Since his election, President Trump has engaged in a war of words with North Korea’s “supreme leader,” Kim Jong-un. Trump has promised “fire and fury,”[1] and threatened to “totally destroy” North Korea should war erupt.[2] But under what circumstances would war with the DPRK be legal? The use of military force…
Continue ReadingCooper Johnson, MJIL Staff Member In the past two years Anbang, a Chinese insurer, has paid $2 billion for the St. Regis in New York City and $6.5 billion for Strategic Hotels.[1] Most recently, Anbang was in a bidding war with Marriot for Starwood Hotels where Anbang bid as high as $14 billion before mysteriously…
Continue ReadingShin Young Jo, MJIL Staff Member On February 7, 2016, North Korea launched the rocket “Gwang Myung Sung-4.” Despite United Nation’s Security Council resolution’s banning of North Korea’s research and development on nuclear weapons or ballistic missile technologies, Kim Jong Un’s provocation against the international security has gone off the hook.[1] So what is all…
Continue ReadingMenglu Zhang, MJIL Note & Comment Editor Crowdfunding is new, but growing rapidly. Research shows that by 2016 the crowdfunding industry is on track to account for more funding than venture capital.[1] In China, equity crowdfunding dominates this segment.[2] As the world’s second-largest economy with a population of more than 1.3 billion, China continues to…
Continue ReadingSignificance and Difficulties of Conducting FCPA Investigations in China[1] Yun Ling, MJIL Managing Editor Conducting a cross-border FCPA investigation is like walking in a maze comprising corporate code of conduct, local business customs, local laws and FCPA requirements. Because many documents and data are located in the local office, counsel in the US needs to…
Continue ReadingSukanya Momsen, MJIL Managing Editor: There are many things to love about the Japanese culture, and food is definitely one of those things. One of my favorite Japanese foods is Japanese curry. My mom was born in India, and I have grown up loving traditional Indian curry, but when I first tried Japanese curry in…
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