On August 25, 2017, Peking University School of Transnational Law co-sponsored and hosted the 2017 Securities Compliance Litigation Forum, organized by the Financial Law Committee of the Guangdong Lawyers Association. Additional co-sponsors included the Financial and Legal Professionals Committee and Securities Law Committee of the Guangzhou Lawyers Association, and the Financial Law and Securities Law Committees of the Shenzhen Lawyers Association. More than 100 lawyers from Guangdong Province attended the Forum, along with STL students and faculty.
The Forum was chaired by Zhou Xuan, Director of the Financial Law Committee of the Guangdong Lawyers Association and a partner of Jingtian & Gongcheng Law Firm. Director Zhou remarked that the financial sector is the most active area of legal services driven largely by securities compliance issues and litigation.
STL Dean Philip McConnaughay offered a welcome and observed that the Guangdong Lawyers Association and STL share a goal of contributing to a Chinese legal profession capable of serving an advanced internationalized economy and that is recognized as among the best in the world.
Wang Chengjie, General Manager of Legal Compliance at Guohai Securities Company, and Liu Siyuan, a partner of Jingtian & Gongcheng Law Firm, made keynote presentations. Wang Chenjie discussed strategies for dealing with securities compliance litigation and Liu Siyuan discussed practice skills for securities fraud cases.
Director Zhou concluded the Forum by complimenting the outstanding skills and abilities of STL graduates. She expressed her expectation of their future contributions and influence in the legal market.
The Summer Honors Program (“SHP”) at Peking University School of Transnational Law (“STL”) is an opportunity for outstanding college students from China and around the world to spend a week in residence experiencing the academic and daily life in China’s most innovative law school setting. On July 30 through August 5, 2017, STL hosted 112 students from China’s most prestigious universities, including Peking University, Tsinghua, Fudan, Sun Yat-Sen and Wuhan, among others, as well as students from top international universities, such as Northwestern, Toronto and McGill.
Throughout the 7-day program, students were introduced to STL’s cutting edge English-language J.D. and China law J.M. curriculums. Students experienced actual law school classes taught by STL’s distinguished multinational faculty, participated in case briefing exercises and moot court arguments, and met with current STL students and alumni to discuss life at STL and the rewarding and diverse career opportunities that await STL graduates. Students also traveled to Hong Kong for two days, observing proceedings at the Hong Kong High Court and visiting the Legislative Council of the Hong Kong Special Administrative Region. One of the highlights of the week was a visit to Huawei, which included a tour of their facilities and an explanation of emerging technologies. Students also heard from Huawei legal experts about data privacy issues and other transnational legal issues that confront multinational companies like Huawei.
“SHP was a very fulfilling experience. From the J.D. and J.M. classes to the moot court, I now have a better understanding of law and STL’s approach to legal studies,” remarked Liang Sisheng, an SHP student from Sun Yat-sen University.
Li Ziyu, a student from China Foreign Affairs University, shared the same impression: “The interactive J.D. and J.M. classes taught by top faculty have imparted the best civil law and American law education to me. The activities in SHP helped me to fall in love with STL, to learn commitment and calmness, and to look forward to my next encounter, if fortunate,” she said.
STL’s SHP program was established in 2009. Many current STL students and alumni participated in SHP before enrolling in STL.
For more information about SHP 2018, please contact firstname.lastname@example.org.
STL Professor Sang Yop Kang, was invited by corporate law and governance scholars at the University of Oxford to make a presentation at their May 2017 conference on “The Law and Finance of Related Party Transactions.” Professor Kang presented his draft article, Related Party Transaction Regulations in China, which will be included in a forthcoming book published by conference organizers.
The conference was invitation only and included a select group of leading scholars from world-renowned law schools, such as Harvard, Stanford, Columbia, University of Pennsylvania, and Oxford. Conference participants will re-convene in October 2017 in Frankfurt, Germany to continue their research collaborations and finalize their draft articles.
STL Distinguished Scholar in Residence, Susan Finder, a leading expert on China’s judicial system, recently was interviewed by Lexis PSL about the reasons behind China’s move toward an “intelligent court system”. The text of the interview is available here.
Professor Finder is the author of the Supreme People’s Court Monitor, a widely read blog focused on issues related to the People’s Supreme Court and Chinese judicial reform.
Four 3L students spending their summer break in the United States spent July 21 visiting the International Monetary Fund (“IMF”) in Washington D.C. The visit was arranged by senior IMF official David Vannier, who visited and lectured last year at STL. The visit included meetings with Tao Zhang, Deputy Managing Director of the IMF, Jianhai Lin, Secretary General of the IMF, and Yan Liu, Assistant General Counsel in the IMF’s Legal Department.
The STL students participating in the visit were Hu Yue, Kou Shangyangzi, Sun Dongyu and Zhu Liusheng. “It was quite an informative and rewarding experience,” said Zhu Liusheng. “We were especially fortunate to have an opportunity to meet the top-level Chinese IMF executives, who shared their insights on the IMF’s role in the global economy,” he added.
David Vannier, who helped organize and facilitate the visit, works in the IMF’s Managing Director Office and is intimately familiar with the operations of the IMF. He visited STL last year in March and provided several lectures on the IMF and the IMF’s relationship to other international institutions.
Professor Sang Yop Kang, a prominent scholar of corporate law and governance, was honored by Tsinghua University’s Law Review with the “Tsinghua China Law Award for Excellence in Academic Research of 2017.” The award was made in recognition of Professor Kang’s article, The Independent Director System in China: Weakness, Dilemmas, and Potential Silver Linings, published in the current issue of the Tsinghua China Law Review (Volume 9, Issue 2 (2017)). The editors of the Tsinghua China Law Review offered the following introduction to Professor Kang’s article:
In The Independent Director System in China: Weaknesses, Dilemmas, and Potential Silver Linings, Professor Sang Yop Kang … critically analyzes the weaknesses of the independent director system in China, especially under the pressure of controlling shareholder ownership. Nonetheless, Prof. Kang believes that the system brings positive effects to Chinese corporate economy and offers an ingenious perspective to consider the Confucian tradition as a worthy resource of a “truly pluralist theory”.
Professor Kang is the author of many leading articles related to corporate law and governance. He teaches courses on corporate governance from the global perspective, economic analysis of corporate law, corporate and financial markets, and East Asian economic structures in STL’s Juris Doctor curriculum.
Professor ZhuDaming‘s comprehensive study on Hong Kong corporate law earned him “Second Prize for Excellence” at the 2017 Peking University Humanities and Social Sciences Research Awards. Professor Zhu’s study, which was published by China Law Press, provided in-depth coverage of the Hong Kong Companies Ordinance and related rules, including company establishment, capital formation, departmentalization, accounting and supervision system, corporate reorganization and bankruptcy.
Professor Zhu is a leading scholar of corporate law, with a special focus on comparative commercial law and financial law. He serves by appointment as a Director of the prestigious China Commercial Law Society. He is the author of over thirty scholarly articles and seven monographs and translated works. Professor Zhu teaches Chinese commercial legal system, mergers and acquisitions, and company law in STL’s J.M. curriculum.
On Saturday morning, July 1, 2017, the STL community celebrated the sixth Commencement Ceremony of Peking University’s School of Transnational Law (STL). The ceremony recognized the excellence of STL’s 86 J.D./J.M. graduates.
Dean Philip McConnaughay began the ceremony with a brief address to the graduates. “You decided to attend STL because of its promise: A unique introduction to the legal systems of the West, to the law of China, and to transnational law. A unique and especially demanding interactive method of instruction. And an English language curriculum. But no one really knew the outcome of all of this in 2013. You had to decide based on your vision, and on your confidence that you could contribute to making the promise of STL a reality. And that’s exactly what you have done, ” said Dean McConnaughay.
“All of you are now members of an elite group of lawyers prepared to understand and practice the law of China, the law of the United States, the law of the United Kingdom, the law of the European Union, and whatever laws, rules and practices eventually emerge from the meeting and modification of all of these. You are true transnational lawyers. Congratulations on your graduation and on all of your extraordinary achievements. You make us very proud,” continued Dean McConnaughay.
This year’s commencement was held in the Moot Courtroom in the new STL Building. During the ceremony, graduates and their families heard from STL’s Founding Dean and current Executive Vice Chancellor of NYU’s Shanghai campus, Jeffrey Lehman; Peking University Law Professor Ge Yunsong; The Honorable Xi Xiangyang, a senior judge of the Supreme People’s Court First Circuit; and graduating student Li Mengshi.
Dean Lehman’s remarks included a thought-provoking discussion about Give and Take, a book written by Professor Adam Grant of the Wharton School at the University of Pennsylvania. Dean Lehman said,
[t]he book talks about different ways that people interact with each other. Sometimes they behave as what Grant calls “takers” (people who like to get more than they give). Sometimes they behave as “givers” (people who give more than they get). And sometimes they behave as “matchers” (people who try to preserve a fair, reciprocal balance). … According to Grant, the research suggests that the least successful people are disproportionately givers. They are unsuccessful because they get taken advantage of by takers. And yet the research also shows that the most successful people are also givers! How can that be?
According to Grant, these successful givers tend to be people who ask a lot of questions before they speak, who ask others for advice, who listen carefully and reflect on what others say, and who speak tentatively rather than aggressively. They are successful because other people like them, admire them, trust them, and end up helping them to be successful. … I believe that, by nurturing within you the transnational lawyer’s ability to see issues from other people’s perspectives, STL has done an amazing job of preparing you to be successful givers.
Ge Yunsong, Professor of Law at Peking University (Beijing) and Distinguished Visiting Professor at STL, was invited by STL graduates to provide the faculty address. His remarks touched on the stages of development in China’s efforts to build a legal civilization. He stressed the fundamental role of advanced legal education in achieving this. He cited STL’s innovative program as having great potential for legal education in China and worldwide: “[STL] is a school full of promise, not only in China, but also worldwide. The unique legal education model created by STL is innovative. STL is like a laboratory for legal education. I believe it has already achieved success, and I believe an even better future is yet to come, with lots of hard work and contributions from you all.”
“Dear students, you are about to leave school and are ready to work in different fields. But please keep this in mind … [T]he little effort that we make every day is part of the Chinese legal undertaking, a part of the new legal civilization. Though our contribution might seem to be little, we should always work honestly to accelerate the development of a Chinese new legal system,” concluded Professor Ge.
Judge Xi began his remarks by telling the gradates that they were in an “enviable” position because they had been “able to enjoy the most unique legal education in the world.” “Promoting the rule of law should be the responsibility and goal of every law school graduate and even of every member of society.” He offered many examples of seemingly small contributions having major impact on the development of the rule of law.
Like the classes before them, the Class of 2017 is pursuing positions in leading multinational and top-tier Chinese law firms (e.g., Fangda, Kirkland & Ellis, King & Wood Mallesons, Cooley, Paul Weiss), the legal departments of leading multinational and Chinese corporations and financial institutions (e.g., Xiaomi, China Union Pay, China International Capital Corporation Limited), government agencies (e.g., Ministry of Finance, Shanxi and Hebei Provincial Governments), SOEs (e.g., National Development Bank, China Agriculture Bank) and advanced degrees (e.g., Harvard University, Tsinghua University). A few graduates have even started their own businesses.
Li Mengshi, who provided the address on behalf of the graduates, spoke of the transformation that she and her classmates experienced in their four years at STL, recounting all of the fun and pressures that bonded their friendships.
The Class of 2017 expressed their commitment to STL and their fellow students by establishing a scholarship fund that will recognize outstanding student achievement while at STL. Dean McConnaughay described the gesture as a generous gift for a worthy purpose that he hoped would establish a precedent for future STL classes.
Congratulations, STL Class of 2017!
In May 2017, Peking University School of Transnational Law (STL) welcomed to its visiting faculty Major General Nilendra Kumar, a distinguished professor from India, who taught a new course on “Crimes Against Children and Children’s Rights.” The seminar-style course was offered as an elective in STL’s upper-level English-language J.D. curriculum.
Major General Kumar was the Judge Advocate General of the Indian Army from 2001 through 2009. Before that, he served as a Judge Advocate and was responsible for monitoring litigation on behalf of the Indian Army. Upon his retirement from the Army, he served until 2015 as Director (Dean) and Professor of Law at Amity Law School, Noida. Professor Kumar currently works with Nobel Peace Prize winner Kailash Satyarthi (Save the Children Movement) as an advocate for children’s rights and universal access to education. He was awarded India’s Vishisht Seva Medal in 2004 and Ati Vishisht Seva Medal in 2005 for rendering distinguished service of a high order. He is the author or editor of twelve books and several scholarly articles on military law, security law and human rights. He is a graduate of the National Defence Academy and the Indian Military Academy, and holds a law degree from Lucknow University.
Professor Kumar’s work with Nobel Prize winner Satyarthi and the Save the Children Movement provided rich content for his course at STL, which introduced students to different legal mechanisms for protecting children from violence, abuse, and exploitation (trafficking, child labor) and safeguarding their fundamental right to subsistence, growth and development. The seminar deepened students’ understanding of the critical challenges children face around the world and the important role of law and lawyering in helping to overcome those challenges.
Professor Kumar is one of several prominent visiting scholars and practitioners from around the world who teach at STL every year.
STL’s program of pairing international students with Chinese host students featured in U.S. News & World Report. The story is available here.