June 2024

Exciting Client News and New Case Development

Congratulations on Shenzhen based QuantumPharm (XtalPi), an affiliation of our client XtalPi, going public in Hong Kong Stock Exchange! XtalPi raised 989.3 million Hong Kong dollars (approximately $126.8 million), positioning it as the third-largest initial public offering (IPO) in Hong Kong this year. To read Forbes news, click HERE.

Over the past two months, we have advised biotechnology clients on terminations or layoffs of senior executives. Scenarios include: a company's layoff of a c-level employee and also a founder holding restrictive stocks; the company rescinding a job offer to a candidate who has already quit his previous job and ready to join the client the next week; and the company's termination of a remote c-level employee going on a working vacation overseas without getting proper approval from her supervisor.

Our office won a three day trial for a commercial landlord tenant eviction case at Boston Municipal Court, Roxbury Division. The nail salon tenant continued to occupy the property beyond the end of the lease without a valid permit and without paying rent. The tenant reasoned that the landlord breached the lease by failing to apply for the proper zoning, causing the nail salon to violate zoning law. We argued that it is the tenant's obligation to obtain a permit. We further contended that running a business without a permit does not excuse the tenant's obligation to pay rent under the lease. The judge ruled for the landlord, ordering the tenant's immediate vacate and payment of due and owed rent.

We have incorporated and obtained Massachusetts nonprofit registration and 501(c)(3) tax exemption for Lanting Calligraphy Assembly (兰亭雅聚书社）. The nonprofit carries a mission to develop the cultural heritage of traditional calligraphy and painting. Already with a strong base of enthusiastic calligraphy and painting lovers in the Chinese community in the Commonwealth, Lanting is hoping to extend its reach in local communities and beyond, and fostering cultural diversities and appreciation of arts.

Will FTC's Regulation Invalid All Non- Compete Agreement?

On April 23, 2024 the Federal Trade Commission (FTC) issued a new rule to promote competition by banning non-competes nationwide, protecting the fundamental freedom of workers to change jobs and increasing innovation. Has the rule proven effective? How will this impact your business?

Click to read the article in Chinese

Community Engagements

On Memorial Day, Attorney Connie Dai and Attorney Echo Wang completed five miles of 2024 Boston's Run to Remember. This annual fundraising event is to honor and memorize fallen firefighters in Boston. We raised $500 from the public and Lion's Law matched $500, ultimately donating a total of $1,000. We hope to have more participation from our clients and friends to support such a good cause!

Lion's Law is a proud sponsor for this year's NECINA (New England Chinese information and Networking Association) annual meeting on June 15, 2024. Attorney Dai, President of NECINA from 2020 -2021, will start her second term as a board member. For the past 28 years, through well attended programs, NECINA has advanced its missions to foster entrepreneurship, improve professional career development capabilities, and facilitate China US commerce exchange in New England.

On June 23, 2024, Attorney Dai, a board member for CEA (Civic Education Alliance) since its start in 2016, joined volunteer appreciation and dance night in Quincy. CEA is a 501(c)(4) nonprofit primarily serving the Chinese community in the South Shore area, such as Quincy, Braintree, Randolph and Weymouth. It has focused on voter education, community engagement and leadership development.

How Lion's Law's immigration team has beat the odds, getting approval on a Biotechnology client's L-1A visa in nine (9) short days!

L-1A intra-company executive visa is considered the most popular visa for aliens to be employed in the U.S. Compared to H-1B work visas. No lottery is required, no limitation of the number of such visas, and it creates a cheaper and faster avenue to a green card than the EB-5 investment green card.

Read the article HERE or Click below to watch the video.

Click to watch the video