Publications & Events |
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Latest Publications & Events |
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Results 1-5 of 7 (155KB) for +unlisted with 7 total matches
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New Tax Developments Affecting Management Fees: What Hong Kong Fund Managers Should Know |
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The Hong Kong tax authorities have issued new guidance which may affect the arrangements used by fund management groups to minimize tax on management fees and performance fees. In this article, we examine the current taxation position and set out defensive steps which fund management groups may take to minimize the risk of an increased tax burden.
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Take Private Transactions: Possible New Pitfalls for Private Equity |
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Proposals by the Securities and Futures Commission in Hong Kong to harmonize the regulatory treatment of asset purchases with the regulatory treatment of share purchases and schemes of arrangement will give minority shareholders greater veto power over acquisitions of Hong Kong public companies by asset purchase. As a result, private equity firms who wish to take such companies private will face an increasingly difficult environment.
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Insider Dealing: A Primer for Hedge Fund and Private Equity Managers |
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Whilst the objectives of restricting insider dealing are widely accepted and the conceptual framework is clear, Hong Kong statutory prohibitions on insider dealing can raise practical problems for hedge fund and private equity managers in their day-to-day activities. In this article, we summarize the relevant law and set out examples of common problems.
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Distressed Debt in Hong Kong: An Insolvency Primer for Private Equity |
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Recent shocks to the financial markets as well as deteriorating economic conditions have brought insolvency issues sharply back into focus. For some hedge funds and private equity funds, insolvency has come unwelcome in the form of a deteriorating financial condition of a portfolio company to whom loans have been made or whose debt the funds have acquired. In this article, we review basic Hong Kong insolvency law concepts and outline debt recovery options.
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Take-Private Transactions: The Emergence of a New Approach? |
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The past 5 years has seen changes in the approach to transactions in which companies listed on the Main Board of the Stock Exchange of Hong Kong have been taken private and delisted. Where the share purchase once dominated, the scheme of arrangement has gained favour. In this article, we argue that the change has been driven by developments on the regulatory front and set out the case that we may be at the beginning of a new shift from schemes of arrangement to asset purchases.
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