In late December 2010, Shanghai authorities issued comprehensive regulations that clarify how foreign PE fund managers and investors can participate under the pilot QFLP (Qualified Foreign Limited Partner) program first announced in 2008 and launched in 2009. These new rules offer a stronger regulatory framework for the launch and… Read More
On November 11, 2010 the European Parliament and Commission approved the Belgian Presidency's proposed AIFM Directive. The Directive should come into force by mid-2011 and Member States will be required to implement the Directive within two years of that date. This note summarizes the provisions of the “third country… Read More
Over the course of the past year China has introduced several noteworthy regulatory changes concerning RMB funds. Weil's commentary summarizes these developments, addresses ongoing impediments to the further development of RMB funds, and proposes a legal and tax wish list. This list includes allowing more local capital to be… Read More
After eighteen months of debate, the European Parliament approved the text of the Alternative Investment Fund Managers Directive (AIFMD) on 11 November 2010. The consensus view is that the regulations are not as damaging as they could have been but that compliance will pose a burden for many in… Read More
Following the publication in the third quarter of 2009 of the article, RMB Funds—The Current State and Way Forward: A Legal and Tax Wish List, in the EMPEA Quarterly Review, there have been several noteworthy PRC regulatory developments concerning RMB private equity funds. In this article, John Fadely and… Read More
International investors and managers have demonstrated increasing levels of interest in RMB funds as vehicles for investing into China. This article reviews the differences between foreign-funded and purely domestic RMB funds and offers insight into recent regulatory changes that have established the QFLP program and allowed investment by insurance… Read More
After 18 months of debate, the AIFM Directive was finally adopted by the European Parliament on November 11, 2010. The Directive will have far-reaching implications for investment managers, their funds and service providers, both within the EU and outside. This note explores the provisions and consequences of the AIFMD. Read More
Financial institutions and fund managers globally are drawn to the idea of raising a Shariah compliant fund targeting Middle East investors. However, most are uncertain of how and where to start. In this update, Akin Gump provides five basic pointers to help guide institutions and fund managers looking to raise… Read More
The buzz surrounding the African private equity opportunity has escalated during the global economic crisis, as the region's brand has continued to subtly improve. Despite increased interest, actual private equity dollars in play in Sub-Saharan Africa remain at modest levels. However, significant developments currently taking place at the margins… Read More
Stratus invested US$40 million in 2010. Company Headquarters: Brazil Business focus: Textine / Waste Management Revenue: BRL120 million Employees: 450 impact highlights Unnafibras specializes in the manufacturing of fibers from 100% recycled PET bottles for higher value-added products. It is now the largest producer of recycled polyester… Read More
(default archive template)