Law - Regulation

Hard act to follow

Will Rosen of DLA Piper explains what the Companies Act 2006 means for private equity firms and their directors.



All that glitters

Higher bond yields have cut pensions liabilities, making potential targets seem falsely attractive, says Chris Smith of Hewitt Associates.



Bill of wrongs

A Labour MP was the latest to attempt a broadside on the private equity industry. Fortunately, common sense prevailed, write Robert Davies and Simon Sale of Dundas & Wilson.



MERGING EUROPE

It is always worth taking into account competition regulations before embarking on a merger, say Peter Willis and Nadim Meer of Dundas & Wilson.



ROMANIA RULES

Private equity in Romania and emerging Europe is set to benefit from EU financial harmonisation initiatives, says Peter Lewis of Linklaters.



ACTING IN CONCERT

The concept of “acting in concert” is increasingly important for private equity houses whose portfolio companies are involved in takeovers and other corporate activities. We take a closer look at some recent developments relating to the definition and application of “acting in concert” in the UK and Germany.



A NEW SOURCE OF REVENUE

HM Revenue & Customs is reviewing its interpretation of the Income Tax Act after deciding that employees may be benefiting too much from share ownership, say Jessica McMichael and Louise Whitewright



FSA REPORT: OVER TO YOU

The UK private equity industry can breathe a small sigh of relief ...



CLUBBED SENSELESS

The world’s largest buy-out houses are enjoying their halcyon days ...



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LATEST ISSUE

Leader

United we stand United we stand

The Danish Walker report – as it has inevitably been dubbed – makes its namesake’s once revolutionary strides towards transparency in private equity seem just a little
half-hearted.

Top Story

Direct action Direct action

Ontario Teachers’ is not content to play the passive LP. The $110bn Canadian pension fund has cut out the middle man and is investing direct. Now it is coming to Europe.


Feature

Back to front Back to front

As more onerous reporting requirements combine with recession-induced cost pressures, fund administration providers are stepping forward from the back office.


Comment

Get ready - to wait Get ready - to wait

Hopes for a deluge of western-style private equity deals in China are misconceived and premature.


News Analysis

Danish “Walker report” ups ante on disclosure Danish “Walker report” ups ante on disclosure

The Danish private equity and venture capital association, DVCA, has unveiled a set of transparency guidelines for buyout houses operating in Denmark.




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