Regulation
EUROPE - European Parliament report slams AIFM Directive
A new report released today has heaped heavy criticism on the AIFM Directive for being "hasty" and "weak". Ashley Wassall reports.
EUROPE - EVCA calls for new RCAP for 2020
The EVCA has today called for an updated Risk Capital Action Plan (RCAP) for 2020, an agreement originally launched in 1998, in an effort to offset the potentially disastrous consequences of the European Commission's AIFM directive on the finance industry....
GLOBAL - IPEV publishes updated valuations guidelines
The International Private Equity and Venture Capital Valuation (IPEV) Board published its updated version of the Private Equity Valuations Guidelines today. Significantly, the updated version highlights the importance of consistency with international...
On a code to nowhere
With banks coming down hard on portfolio companies breaching their covenants, the BVCA is trying to quell the situation by producing a code of conduct. Doubts abound that the code will have an effect, writes Deborah Sterescu
Divesting distress
A recent legal case has revealed a renewed focus by French courts on vendor liability post-sale, which has strong implications for private equity firms looking to divest troublesome assets. Ashley Wassall reports
A law of unintended consequences
Adam Levin, partner at international law firm Dechert LLP, discusses the potential implications of the EU Commission's proposed directive
EUROPE - EVCA placement code highlights need for transparency
In response to the ongoing reverberations relating to the New York kickback scandal the EVCA has published a draft code of conduct for placement agents, which highlights the need for greater transparency within the sector.
Regulating away from trouble
Francinia Protti-Alvarez talks to Ad van den Ouweland of Robeco about LP/GP relationships and the role that responsible investment principles can play in private equity's future
EUROPE - EVCA task force calls for EUR 1bn threshold
Two months on from the launch of the European Commission's proposed Alternative Investment Fund Manangers (AIFM) Directive, the EVCA Brussels Task Force has published its formal response, which calls for an increased in the minimum qualifying threshold...
From self- to over-regulation
Dr Markus Schackmann and Dr Angelika Yates of Luther examine the proposed EU Directive on Alternative Investment Fund Managers and its expected impact on the German private equity industry
Ram-shackled
Following the hostile response to the EU Commission's proposed Alternative Investment Fund Managers Directive by private equity trade bodies, unquote" invited five prominent lawyers to share their views on the impact the new legislation could have on...
EUROPE - Commission proposals: a lucky escape
After the storm that followed the launch of the EU Commission's proposal for an Alternative Investment Fund Managers Directive the full text has finally been released, with one prominent lawyer describing the private equity industry as having had "a lucky...
Commission proposals: a "lucky escape"?
After the storm that followed the launch of the EU Commission's proposal for an Alternative Investment Fund Managers Directive the full text has finally been released, with one prominent lawyer describing the private equity industry as having had "a lucky...
EUROPE - Commission proposal launch lacks substance
At the time of writing the launch of the EU Commission's draft proposal covering private equity is still yet to be followed by the proposal itself, though this hasn't stopped it being greeted with a hostile response from industry trade bodies.
German protectionism
New legislative amendments in Germany designed to safeguard national businesses present a potential problem for private equity, writes Mareen Goebel
Insolvency legislation: adapting to change
The difficult economic outlook has prompted a series of changes to European insolvency laws, but are they sufficient? Charles Noel-Johnson of Close Brothers gives his insight.
The cost of protection
The UK Government's asset protection scheme is designed to boost confidence in the banking sector, but its restrictions may adversely impact private equity houses looking to restructure portfolio company debt. Ashley Wassall reports
Austria - Frankenstein legislation
Austrian private equity's economic woes are exacerbated by ill-suited legislation, hindering the industry from playing its beneficial role due to cumbersome regulation. Mareen Goebel reports
Taxing issues
At a time of capital dearth and panic in investment communities across the world, the DVCA calls for a more stable investment environment for private equity in Denmark. Could their proposed tax package be the solution? Rikke Lilla Eckhoff finds out
Lessons in Putinomics
Recent events refute the decoupling theory. By Taraneh Ghajar
SICAR amendments are good news for GPs
In October 2008, Luxembourg's dedicated regime for private equity funds was updated. The possibility to create subfunds and the significant enhancement of the Luxembourg Limited Partnership are the two key innovations