Thomas Duffell
Firms that want to market their real estate funds to LPs in the United Arab Emirates must now use local promoters or obtain marketing approval from local authorities.
GPs operating in Singapore may welcome the credibility that will be provided by an updated funds regime, but have just six months to prepare for its implementation.
The Securities and Exchange Commission will now hear public opinion on general solicitation rules after receiving several letters urging it to avoid acting in haste over the JOBS Act.
Financial Services Committee chairman Spencer Bachus is asking for stakeholders’ help in introducing legislation that will make the Volcker rule less 'burdensome'.
The Alternative Investment Funds Managers bill submitted to the Dutch parliament has introduced a 'lighter depository regime' for private equity and real estate funds.
Under its current guise, the Volcker rule could reach across US borders in preventing banks from sponsoring certain foreign private funds.
The largest LP in Colyzeo Investors II, Colony's European fund whose investments in hotel group Accor and hypermarket giant Carrefour halved in value, has failed in its bid to suggest that LPs should be fully entitled to documents in holding companies or special purpose vehicles.
To the delight of GPs, India's regulators have unveiled a comprehensive framework for the country's alternative assets industry. New regulation will require all alternative investment funds, which includes real estate, to register with the Securities and Exchange Board of India.
Luxembourg’s Minister of Finance aims to have legislation in place by the end of the year to make the popular fund domicile compliant with the AIFM Directive. The legislation will also contain financial instruments to entice more business to the country.
Luxembourg, a popular fund domicile for GPs worldwide, has signed a double tax treaty with Germany that could introduce withholding tax on hybrid debt instruments used to help acquire German targets.
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