COLUMBIA JOURNAL OF ASIAN LAW Spring 2008 CONTENTS ARTICLES REFORMING CHINA'S SECURITIES CIVIL ACTIONS: LESSONS FROM US PSLRA REFORM AND GOVERNMENT- SANCTIONED NON-PROFIT ENFORCEMENT IN TAIWAN AN OVERVIEW OF PROBLEMS CONCERNING POLITICAL DONATIONS IN JAPAN NOTE THE GOOD, THE BAD AND THE LEGAL: LAWYERING IN CHINA'S WILD WEST Wallace Wen-Yeu Wang Chen Jian-Lin Mitsuru Misawa Peng Wu 183 VOL. 21 NO.2 ACKNOWLEDGMENT The Columbia Journal ofAsian Law gratefully acknowledges the generous grant from the Parker School of Foreign and Comparative Law which made the establishment of the Journal possible. EDITOR'S NOTE Published semi-annually under the auspices of the Center for Chinese Legal Studies, the Center for Japanese Legal Studies, and the Center for Korean Legal Studies at the Columbia University School of Law, the Columbia Journal ofAsian Law is the successor to the Journal of Chinese Law, which commenced publication in 1987. The Columbia Journal of Asian Law provides a forum for legal practitioners and scholars from Asia, the United States, and elsewhere to discuss the broad range of issues that relate to law in the countries of Asia. The Columbia Journal of Asian Law welcomes multidisciplinary, historical, and comparative manuscripts, as well as those describing and analyzing aspects of contemporary law and practice. As part of this effort, the Columbia Journal ofAsian Law maintains a World Wide Web site, located at http://www.columbia.edu/cu/asiaweb. The Columbia Journal of Asian Law welcomes your financial support. Contributions can be sent to: Columbia Journal of Asian Law Columbia Law School 435 West 1 1 6 th St. New York, NY 10027 asianlaw@law.columbia.edu