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While the spread of COVID-19 has slowed down and the situation appears to be stabilizing in different regions around the world, many companies continue to face significant operational, financial, and strategic challenges. As countries restart their economies, businesses need to evaluate the risk of infection and effectively manage their liquidity to survive this difficult period.


A survey of fraud experts conducted by the Association of Certified Fraud Examiners (ACFE) in 2009 suggested that intense financial result in an increase of fraud during economic crisis. In the era of COVID-19, when employees are troubled by travel restrictions and working-from-home (WFH) is the new normal, multinational companies (MNCs) in China are finding themselves particularly exposed to the risk of fraud. It is thus more critical than ever for MNCs to assess possible fraudulent risks within their organization in order to see through fraudsters' schemes in advance.


Ines Liu, Manager of International Business Advisory of Dezan Shira Associates warns that such times of economic turmoil are when most businesses become vulnerable to acts of fraud. Bingna Guo, Partner at White & Case will join this session and share a few real cases from a law firm perspective.

Speakers

  • Ines Liu (Assistant Manager at Dezan Shira & Associates)

    Ines Liu

    Assistant Manager at Dezan Shira & Associates

    Ines Liu is an Assistant Manager in Dezan Shira & Associates' Beijing office and a member of the International Business Advisory team. She advises clients on corporate structuring, taxation, China investments, and general accounting matters in China.

    Ines has extensive auditing & assurance service experience working with PwC and Deloitte and has managed investor relations for China based U.S. IPOs in Ogilvy Public Relations Worldwide. She previously practiced in specific areas of auditing, financial and corporate communications, and general accounting and management consulting.

    Ines has a Bachelor’s degree in economics and an MBA from Macquarie University Graduate School of Management in Australia.

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  • Bingna Guo (Partner at White & Case LLP)

    Bingna Guo

    Partner at White & Case LLP

    Website

    Bingna Guo has extensive experience in international anti-corruption investigation and compliance matters, cross-border litigation, international commercial arbitration and mediation, regulatory and compliance matters, including data privacy and compliance with China cybersecurity law, antitrust, anti-money laundering, crisis management, and complex commercial litigation. Bingna represents companies and individuals in internal investigations and enforcement actions, including FCPA/anti-corruption related investigations, fraud, embezzlement, conflicts of interest investigations, compliance risk assessment, and pre-transaction compliance diligence. She also advises companies on comprehensive compliance programs and trainings.

    Bingna has litigated cases in various legal jurisdictions, and provides clients with strategic and case management advice for parallel proceedings involving multiple jurisdictions. She formerly worked in the litigation department of a leading Chinese law firm under secondment, where she litigated cases before Chinese courts. Bingna has extensive relationships with leading local counsel, and is able to effectively coordinate local litigation and counsel on litigation and dispute resolution proceedings in China.
    Prior to joining White & Case, Bingna was a partner of another leading U.S. law firm.

    Bingna was named a Hauser Global Scholar for 2001-2002 at New York University School of Law, selected by an international committee chaired by the President of the International Court of Justice. She is a member of the New York bar, and also passed the Chinese bar examination in 1999.

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