What is the Renmin-LawMeets Transactional LawyeringBoot Camp？
Boot camp is the nickname of United States Marine Corps Recruit Training, a program of initial training that each recruit must successfully complete in order to serve in the United States Marine Corps. Marine boot camp is extremely challenging – both physically and mentally – considered tobe tougher than the basic training programs of any of the other military services.
The Renmin-LawMeetsTransactional Lawyering Boot Camp, patterning after the Marine boot camp, trains students in practical lawyering skills in English intensively in a one week program. It will be a series program each summer in May or August atRenmin University of China Law School.
Who will lead the Renmin-LawMeetsTransactional Lawyering Boot Camp？
The boot-camp is co-chaired by Professor Karl Okamoto, who is the Director of the Business and Entrepreneurship Law Program at Drexel University’s Thomas R. Kline School of Law and Jiang Dong (姜栋), associate professor of Renmin Law School.
Professor Karl Okamoto, Drexel University. He is one of the leading experts in the US in transactional skills training, having founded the LawMeets®program. Prior to joining the Drexel faculty, he was a partner at Kirkland & Ellis LLP and Dechert LLP.
Associate Professor. Dong Jiang, Renmin University of China Law School. He has been teaching Legal English, Legal Writing and Legal Reasoning, Contract Drafting and Negotiation for 13 years. He deeply understands the know-how for Chinese students to read, write, translate and speak like a lawyer in English.
What is the topic for the Boot Camp?
In 2016 in China for the first time outbound mergers and acquisitions activity exceeded inbound activity. Chinese private equity firms are now the second most active in the world, buying more and more companies in the US and Europe. Examples include Golden Brick Capital and Henry Cai’s AGIC Capital. More and more Chinese multinational law firms are assisting their clients in managing the acquisition process in the US and EU, rather than acting only as local counsel in China.
Based on a case written by Professor Okamoto, students will be asked to mainly perform a series of simulation exercises around drafting and negotiating anacquisition agreement. In addition, Professor Okamoto will also give lectures on the equity arrangements, the financing and the arrangements with management which are part of issues raised in the process of a typical private equity transaction.
What you need to know about the case of Renmin-LawMeetsTransactional Lawyering Boot Camp (2017)?
BGI is a fictional Beijing-based private equity investment firm. Its strategy is to invest in privately-held companies based in North America or Europe that can benefit from BGI’s network and expand their businesses in China. BGI has recently entered into a letter of intent to acquire Volt Process Design Company, a process control software company based in Philadelphia. Volt is currently owned by members of the Richards family. Rachel Richards, the daughter of Volt’s founder, is Volt’s CEO.In the deal, BGI is investing US$300M of equity. They are also arranging over US$1.5B of financing. In exchange for their shares in Volt, the Richards family will receive $2B in cash and a one-third ongoing ownership interest in the company.
What is the timetable?
The boot camp will take place over one week, August 14-18, 2017 (with one day off on August 16). There are two sessions (morning and afternoon). The class will taken place at Renmin Law School. It is expected to be a small-class (20 students at maximum).
Who is qualified to apply for?
Undergraduates in the year of 2015 or above and graduates
Fluent in English
Interested in M&A practice
How to apply?
Send your CV (English) to firstname.lastname@example.org June 19, 2017. Please introduce yourself briefly and highlight your merits in the email. There may be an interview to finalize the list of participants.
Centre for Common Law Renmin University of China
June 12, 2017