Clare Burrows
Asia-active GPs hoping to capture investor interest may want to rethink their portfolio strategy in light of fresh research.
The UK-based law firm has elected Mark Shipman to lead its corporate practice in Asia Pacific, as 10-year incumbent Roger Denny steps down.
Sanum Investments is allegedly fighting to safeguard its investments and staff, warning others about the risks for foreign investors in the country.
Among other measures, if a private equity firm is domiciled in a jurisdiction with a double tax treaty agreement, no tax would be applicable in India for any indirect share transfers.
A high percentage of companies in Asia and Europe welcome the idea of a standard corporate tax rate used globally; a goal unlikely to find support from private equity firms utilising offshore domiciles.
Three foreign law firms have received government approval to open in Korea, two with major international private equity practices.
Indian regulators are concerned about private equity firms using put options as exit mechanisms in India, arguing that they then become non-regulated creditors.
Asian private equity firms find it harder to retain local talent than firms in other regions, according to Dongao Yan, investment director at Squadron Capital.
An investigation launched by the SEC into a US-lised Chinese company has caused private equity groups to question the validity of the 'variable interest entity' structure.
The US has formally relaxed key sanctions on foreign investment in Myanmar, opening the doors for private equity activity and prompting Leopard Capital to ready two Myanmar-targeted funds.