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Paul Hastings LLP

Section 899 of the One Big Beautiful Bill — Focus on Tax and Private Funds

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On May 22, the House of Representatives voted to approve the One Big Beautiful Bill (OB3), which contains a new addition to the U.S. Internal Revenue Code — Section 899. OB3 is now under consideration by the Senate, which...more

DLA Piper

Institutional Investor Newsletter: Q1 2025

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Former President Joe Biden issued Executive Order (EO) 14105, “Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern” on August 9, 2023. More...more

Jones Day

Australian Treasury Reports Faster Foreign Investment Application Processing Amidst Increased Focus on Compliance and Enforcement

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The Australian Treasury, which administers Australia's foreign investment framework, has released its first quarterly report for the 2024-25 financial year. Here are some key statistics and trends from the report. Treasury...more

DLA Piper

An Alternative Approach to Access Capital and Liquidity – Why US Companies Should Consider an ASX Listing

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A number of US companies have gone public in Australia as an alternative to a further private round in the US. While the ASX may not be an obvious alternative to US capital markets, there are a number of reasons why the it...more

K&L Gates LLP

Asset Management Regulatory Year in Review 2024

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2024 was a year of meaningful regulatory change for asset managers globally. The regulatory activity was wide ranging and without a particular unifying theme. In fact, the wide, and in cases diverging focuses of key global...more

Foley Hoag LLP

Treasury Subjects Investment Advisers to Anti-Money Laundering Requirements

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On August 28, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued its final rule requiring certain investment advisers to implement anti-money laundering (“AML”) compliance...more

Foley Hoag LLP

TIC Form SHL-Reporting of Foreign Holdings of U.S. Securities Due August 30, 2024

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Form SHL is a five-year mandatory benchmark survey filing commissioned by the Department of the Treasury and administered by the Federal Reserve Bank of New York (“FRBNY”) applicable to all U.S.-resident issuers with foreign...more

Seward & Kissel LLP

August 30 Deadline for TIC Form SHL

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Memorandum to our Investment Management Clients and Friends - The Quinquennial Report of Foreign-Resident Holdings of U.S. Securities (“TIC Form SHL”) is a benchmark report used by the U.S. Department of the Treasury to...more

Strafford

[Webinar] Tax Treatment of Leveraged Blockers Used by Foreign Investors: Recent IRS Guidance, Deal Structures, Tax Planning - June...

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This CLE/CPE webinar will provide tax counsel with a thorough and practical guide to structuring strategies and tax considerations for foreign investors in U.S. assets utilizing leveraged blockers and other tax planning...more

White & Case LLP

A corridor of opportunity: deal flow between Mexico and Spain

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In a difficult M&A market, deal flow between Mexico and Spain has continued to deliver opportunities for dealmakers in both jurisdictions. Both markets have faced challenges over the past 12 months, with rising interest...more

Arnall Golden Gregory LLP

AGG Talks: Cross-Border Business - Enterprise Ireland and U.S. Market Entry

In this episode, Mike Burke, AGG Corporate partner and leader of the Ireland & Northern Ireland practice, is joined by Leo Clancy, CEO of Enterprise Ireland to discuss Enterprise Ireland’s investment approach to...more

Akin Gump Strauss Hauer & Feld LLP

IRS Takes View That FIRPTA Exemption for Publicly Traded Stock Must Be Tested at Partnership Level

Key Points Internal IRS correspondence in the form of a recent Chief Counsel Memorandum concludes that funds structured as partnerships (e.g., master funds in a standard master-feeder structure) must determine the...more

Morgan Lewis

UK Government Publishes Second Edition of Market Guidance on NSI Act 2021

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Following feedback on the first edition of the National Security and Investment Act 2021 (NSI Act) market guidance, a recently published second edition clarifies aspects of the NSI Act for businesses falling within its scope....more

Morgan Lewis

Emirates Securities and Commodities Authority Limits Foreign Fund Marketing in UAE

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The Emirates Securities and Commodities Authority (SCA) recently issued eight decisions which, among other things, reform the regulatory regime for investment funds domiciled in the onshore United Arab Emirates (UAE) and...more

Skadden, Arps, Slate, Meagher & Flom LLP

Key Takeaways for Foreign Investors From the 20th National Party Congress of the Communist Party of China

Following the 20th National Congress of the Communist Party of China (the Congress) held in Beijing in October 2022, Skadden’s London-China Desk reviewed the two-hour report given by Xi Jinping.1 Below we detail the key...more

Proskauer Rose LLP

UK National Security and Investment Act 2021 (NSIA) – Annual Report 2022

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The UK Government recently published its Annual Report on the application of the National Security and Investment Act 2021 (NSIA). This first annual report covers the period from the commencing of the NSIA (4 January 2022) to...more

Morrison & Foerster LLP

MoFoREAL Q2 2022

Welcome to the latest edition of MoFoReal, our newsletter highlighting recent activities of and other developments in MoFo’s European Real Estate team. In this edition, we consider the impact of the war in Ukraine on the...more

Freeman Law

Hedge Funds 101: An Introduction to Tax Issues

Freeman Law on

Hedge Funds and Taxes - Hedge funds provide a vehicle to pool private capital for investment in stocks, securities and financial derivatives. While hedge funds take on many different structures—including master-feeder,...more

Bennett Jones LLP

Government of Canada Issues Policy Statement Impacting Russian Foreign Investment in Canada

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On March 8, 2022, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry issued a policy statement advising non-Canadian investors and Canadian businesses to review their investment plans...more

Allen Matkins

CalPERS' Russian Investments

Allen Matkins on

The California Public Employees Retirement System (CalPERS) styles itself as the United States' largest public fund.  In response to a letter from Governor Newsom, CalPERS has reported that it has over three quarters of a...more

K&L Gates LLP

Japan's International Financial City Initiative Continues in Full Force, Aiming to Attract Foreign Managers with Licensing...

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In November of 2021, Japan adopted two licensing exemptions aimed at assisting foreign asset managers who intend to open offices in Japan. This is another important step forward for Japan’s International Financial City...more

Akin Gump Strauss Hauer & Feld LLP

Due Date Approaching for TIC Form SHC

Key Points - All U.S.-resident end-investors (including funds and fund managers) and custodians must file a Form SHC if they either (i) hold more than $200 million of reportable foreign securities (such as securities...more

K&L Gates LLP

Japan Puts Forth Bold Legislation to Attract More Foreign Asset Managers to Upgrade Global Financial Center Status in...

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Japan is making bold policy and legislative actions to reshape its regulatory landscape for the asset management industry, aiming to invite more foreign asset managers to Japan and further elevate Japan’s status as a global...more

Morgan Lewis

Promoting Foreign Asset Managers’ Entry into the Japanese Market: Amendments to FIEA

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The Financial Services Agency of Japan (FSA) recently submitted a bill to the National Diet of Japan including certain amendments to finance-related laws for purposes of strengthening Japan’s financial system and financial...more

Akin Gump Strauss Hauer & Feld LLP

Global Private Equity/M&A Survey 2021: Opportunities Ahead

Welcome to the Akin Gump Global Private Equity/M&A Survey 2021: Opportunities Ahead. The last 12 months have been hugely challenging for dealmakers around the world but, after an initial period of disruption following...more

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