The Deep Link Between Paul Hastings and CCP

Paul Hasting, a law firm that was founded in Los Angeles in 1951, has attracted a lot of attention in recent years for its stella growth in its Far East practice. In particular, the firm has played a significant role in representing Chinese Communist Party-owned enterprises, as well as privately held companies controlled by the Communist Party’s powerful elite in their Hong Kong IPOs and overseas M&A deals.

In July 2020, while the entire world was under the shadow of the lockdown caused by the CCP virus (COVID-19), Paul Hastings LA team and Shanghai team jointly advised Binance on its acquisition of CoinMarketCap, which is the most cited website for crypto asset price quotes in the cryptocurrency space. With this acquisition deal, the CCP-backed Binance has further consolidated its leading position in the cryptocurrency market, on top of being the largest cryptocurrency exchange by trading volume.

September 2018, Paul Hastings Hong Kong represented private equity group Pacific Alliance Group (PAG) in a HK$5.24 billion bid for Spring REIT, a Hong Kong-based real estate trust with operations in the UK and China. Recently, PAG which controlled by Chinese Communist Party (CCP) agent Shan Weijian has recently launched unrestricted legal warfare against Mr. Miles Guo – the biggest enemy of the CCP in the United States.

In August 2020, Paul Hastings announced it represented Shanghai Fosun Pharmaceutical (Group) Co., Ltd. in signing a strategic cooperation agreement with German company Biopharmaceutical New Technologies (BioNTech SE) to develop and commercialize a vaccine using BioNTech’s mRNA vaccine BNT162. In addition, Paul Hastings represented Fosun in the acquisition of Guide Investimentos in March, 2018. The deal marked Fosun’s third largest acquisition in Brazil.

Despite the impact of the CCP virus vaccine and Ukraine war, Paul Hastings has not slowed down in its efforts to help the CCP continue to raise money in the Hong Kong stock market. Just in June 2022, Paul Hastings acted as underwriter for three companies with CCP backgrounds to list in Hong Kong, which are TI Cloud Inc, Mega Genomics and GOGOX.

The expansion of Paul Hastings is, in fact, a brutal process of the Chinese Communist Party’s continuous financial infiltration into the West. In the most recent event, Paul Hastings has once again played a role in the lawsuits filed by Shan Weijian’s PAG against Mr. Miles Guo despite clear conflict of interest.