Broad & Bright is experienced and has the expertise in handling sensitive and complicated cases,and has successfully resolved many of the conditional merger clearances in China to date. In MOFCOM/SAMR's 37 conditional approvals so far, Broad & Bright handled almost half of the cases, including China’s first conditional approval of Inbev’s acquisition of Amnheuser-Busch. In 2009, Broad & Bright represented Coco-cola in its acquisition of Huiyuan case, which is one of the most complicated filings in China and involved political concerns. In 2015, Broad & Bright assisted Seagate in successfully obtaining approval by MOFCOM to lift its “hold separate” restriction, which is the first case where the “hold separate” conditions were completely released. Within the same year, Broad & Bright represented NXP in its acquisition of Freescale, which is the first conditional approval of MOFCOM where the “upfront buyer” situation was involved in the divestment remedy. In 2017, Broad & Bright represented five of the seven cases that were conditionally approved by MOFCOM. In 2018,after the institutional reform in china, the first conditional clearance by SAMR (the new antitrust agency) was also represented by Broad & Bright.
Yao is the head of Broad & Bright competition team, her practice focuses on antitrust law of P.R.C, international trade and FDI. She has established extensive experience in antitrust since 2005. She is well-recognised as one of the leading lawyers in handing high-profile and complicated transtactions.
Yao is one of the founding members of Broad & Bright since 2004. She graduated from Jilin University Law School, Jilin, China, with a LL.B. and from Columbia Law School, New York, USA, with a LL.M. Upon graduation she worked in MOFTEC (now the Ministry of Commerce) as governmental counsel until 2001 and worked abroad at the Washington D.C. Office of Covington & Burling till 2003.
Yao’s major publications include China’s Anti-Monopoly Law The First Five Years-Merger Remedies in China: Substance and Procedure, published by Kluwer Law International in 2013 and Global Legal Insight Merger Control (Second Edition)-China Part, published by Global Legal Group Ltd. in March 2013.
Yao’s quality service has won the recognition by the clients and the legal society. It has been awarded by prestigious legal ranking publications such as Chambers, Global Competition Review, China Business Law Journal, China Law & Practice and Asian Law & Practice.