As China takes an increasingly pivotal role in global capital allocation, the Valuation Adjustment Mechanism (VAM), known in China as “duidu”, has become a widely used investment instrument and a vital bridge for investors and enterprises. Understanding its operational logic within China's evolving legal framework is essential for practitioners worldwide.
Combining cutting-edge theory with rich localized practice, this book analyzes hundreds of arbitration and litigation cases, covering performance commitments, IPO guarantees, and buyback arrangements, to reveal how courts and tribunals reason in VAM disputes, offering guidance from clause design and risk identification to dispute resolution.
Aimed at investors, lawyers, corporate counsel, arbitrators, and researchers in the Chinese market, it helps practitioners mitigate risks, optimize deal structures and terms, and devise dispute strategies, while giving arbitrators and scholars empirical analysis balancing theory and practice.