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Private Equity Comment

Bring it on: UK private equity supports enhanced disclosure under the Walker Guidelines

The British private equity community has declared itself willing to take on enhanced disclosure requirements on a par with the latest rules for listed companies in its response to the GMG's recent consultation on the Walker Guidelines.
Thirteen ways to avoid and resolve disputes

The private equity community – along with any other active participant in the financial services industry in the post-financial crisis world – faces risk from all sides So it is timely that this month saw the publication of a book on Dispute Resolution in Private Funds (edited by Hilton Mervis, a partner at King & Wood Mallesons).

Structuring management team incentives in France

France’s Supreme Court (the Conseil d’Etat) has recently ruled on two cases concerning management team incentives. The cases – which reach some surprising conclusions – are instructive in themselves, but they should also remind fund managers that courts across Europe are likely to continue to scrutinise such arrangements carefully.

The UK’s Guidelines Monitoring Group publishes disclosure and transparency report

The UK’s Guidelines Monitoring Group, the semi-independent body formed to oversee the Walker Guidelines which cover large private equity firms, has issued its seventh annual report summarising the industry's conformity with the Guidelines.

The UK's Autumn Statement 2014

A special edition of PE Comment, focussing on The Chancellor of the Exchequer's 2014 Autumn Statement.

US acts to stop "tax inversions"

The US rules on tax inversions - where a US corporation is acquired by a non-US company and the headquarters of the new group are established outside the US, thereby reducing its US tax bill – have been tightened up by the US government.

Marketing non-EU funds to EU investors - is there light at the end of the tunnel?

In theory, the main benefit to the industry which was delivered by AIFMD is a “passport” which allows EU-based fund managers to manage or market their EU-based funds across the EU. In practice, this "passport" might not be as straightforward as policy-makers in Brussels would have you believe.

A new start for Europe?

With the seemingly endless list of new and updated rules for the world of financial services at a European level over the past few years, has the recent change in personnel in key EU posts signalled a new start for Europe?

The increasing importance of defined contribution pension schemes

An increasingly important pool of capital now resides in “defined contribution" pension schemes and private equity managers are looking at ways to access it by dealing with the regulatory and practical hurdles that must be overcome.

The EU's Energy Efficiency Directive: more red tape for private equity firms, or a genuine opportunity?

The EU's Energy Efficiency Directive requires all “large enterprises” to carry out an energy audit at least every four years. Private equity firms may find that small companies are required to comply with the rule, being part of a private equity fund’s wider “group”.

The debate over tax deductability

The OECD’s Action Plan on Base Erosion and Profit Shifting (“BEPS”) may have some additional impacts for the European private equity industry.

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Private equity

Private Equity Comment

Topical and incisive commentary on legal and tax developments for the European Private Equity community

Featured Author

Shaistah Akhtar

Shaistah Akhtar is a regular contributor to our Business Litigation Alert, primarily focusing on fraud, bribery and sanctions issues in Europe and around the world.

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