June 2013 Issue
Accounting convergence casino
We provide some odds on how likely, or in what fashion, the US will make its decision to adopt international financial reporting standards.
France to offer capital gains tax rebates
The French President has announced plans to introduce a more favorable capital gains regime, using a rebate system linked to the length of the asset's holding period.
EU simplifies merger regime
The European Commission is tinkering its takeover rules to reduce reporting costs for private equity firms and others.
FASB gets a new chairman
Russell Golden has taken over the chairman role as the US continues to harmonize its accounting standards with the international community.
Study: Leaked deals less likely to close
Fewer dealmakers are leaking sensitive information to outsiders for fear of endangering transactions, research reveals.
SEC names co-enforcement chief
Debevoise & Plimpton partner Andrew Ceresney will co-lead the agency’s enforcement arm.
Is your firm a broker-dealer?
A senior SEC lawyer has raised the worrying possibility that some private equity firms may need to register as broker-dealers.
European pilot FATCA scheme unveiled
The European Commission has received a letter from five of the largest European economies detailing a FATCA-style tax agreement.
Q&A: Negotiating with Brussels
How does Europe’s private equity trade body plan to address upcoming rulemaking? The EVCA’s public affairs director Michael Collins provides some insights.
How do CCOs keep track of rulemaking?
Compliance professionals are making use of industry conferences and peer networking to keep abreast of all the recent industry rulemaking, but strategies can drift across firm sizes.
LPs seek stricter investor protection clauses
Investors are looking to negotiate stronger key man clauses and GP removal rights, among other terms, observe industry sources.
Managing the LPAC: Trust, but clarify
GPs should clearly define the terms of its relationship with limited partner advisory committees to ensure the most effective collaboration when a fund faces the unexpected.
Meet your IR support network
A funds lawyer, investor relations head and placement agent recently gathered in midtown Manhattan to discuss how firms should engage the LP community.
Drafting for departure
GPs need to ensure their non-compete covenants are enforceable to protect the firm from departing dealmakers.
Private accounting rules moves one step forward
The Private Company Council has agreed three amendments to US accounting standards that are designed to improve financial reporting for private equity firms and portfolio companies.
Non-EU firms provided clues to AIFM rules
An EVCA report has hinted how various EU countries will reform their local marketing regimes once the pan-EU marketing directive takes effect.