Private Funds: Where and How? A comparative analysis of the major private fund jurisdictions

Dechert LLP Banking and Finance 0 Comments

As fund council, one of the initial tasks on a fund-raise is usually to help the sponsor select the optimal place to establish a fund’s component vehicles. In the case of a master/feeder or parallel fund structure, this may involve multiple jurisdictions. A wide range of factors have a bearing on whether a particular jurisdiction would be appropriate, some of …

Q&A with Richard Powell

Richard Powell Banking and Finance 0 Comments

Bloomsbury Professional catch up with PSL and author, Richard Powell. 1. What do you find rewarding about the role of a PSL? As a PSL you are responsible for supporting fee earners’ legal and technical knowledge. That means keeping abreast of a constantly changing legal environment, and financial services changes more than most other sectors.  This can be quite demanding …

Can you keep a secret?

Jubriel Hanid Banking and Finance 0 Comments

One would expect the fast pace of change generally and increasing globalisation to be reflected in an increase in the exceptions to the duties of confidentiality or secrecy owed by banks to their customers. However, whilst there have been changes in many jurisdictions they have not been as extensive as might have been supposed. One fairly common reason for the …

New edition supports increased sophistication in AF

Jubriel Hanid Banking and Finance, News 0 Comments

NEW EDITION Acquisition Finance, Second Edition Tom Speechley In this new edition of Acquisition Finance, Tom Speechley again aims to provide detailed guidance on the financing of corporate acquisitions and buy-outs in the UK and internationally, including a thorough analysis of current practice and techniques. The guidance provided covers various types of financing instruments used from plain equity to subordinated …

Need the latest on banking and capital markets?

Jubriel Hanid Banking and Finance 0 Comments

New edition of extremely accessible guide to the banking and capital markets – now published Banking and Capital Markets Companion, Sixth Edition provides a clear and concise examination of the law, practice and procedure of debt fund raising in the banking and capital markets. Extremely accessible Using a highly accessible format, the Companion allows you to approach and understand debt …

International journal announces world class line up for sovereign wealth fund issue

Jubriel Hanid Banking and Finance 0 Comments

International Review of Law Special Issue – Sovereign Wealth Funds Contributors* Prof. Larry Catá Backer – A world renowned and highly acclaimed international law scholar, author of many books and articles, one of the most cited and respected international law scholars. Prof. Locknie Hsu – former Associate Dean of Singapore Management University Law School, prolific scholar, intl and trade law expert. Prof. Kazuhiro Nakatani …

The popular student guide that’s become a secret resource for experienced banking & capital market lawyers

Hugh Dixon Banking and Finance

Banking and Capital Markets Companion, Fifth Edition Click here for more info and to purchase this title The popular student guide that’s become a secret resource for experienced banking & capital market lawyers In the post “credit crunch” era radical and complex changes have fundamentally reshaped the legal and commercial environment in which banks and capital markets operate.  Since the …

HRMC Guidance

Hugh Dixon Banking and Finance

By Mark McLaughlin Taxpayers (and advisers) strive for certainty when dealing with tax issues. The legislation is often unclear, and taxpayers may therefore resort to seeking comfort from guidance published by HM Revenue and Customs (HMRC), such as in booklets or its manuals. This guidance does not carry the force of the law. But can it be relied upon, if …

Income vs Capital

Hugh Dixon Banking and Finance

By Mark McLaughlin The distinction between income and capital assumed greater importance following the introduction of a 50% income tax rate. The subsequent introduction of a 28% capital gains tax rate has narrowed the differential between the tax rates, but the gap is still significant. The treatment of an activity as a trade (as opposed to, say, an investment) can …

VAT recovery on entertainment of overseas customers allowed

Hugh Dixon Banking and Finance

In Revenue & Customs Brief 44/10, HMRC announced that it had reviewed its policy on the treatment of business entertainment provided to overseas customers in light of the ECJ decision in Danfoss and AstraZeneca (C-371/07). Following the review, HMRC hasconcluded that the UK’s input tax block on the business entertainment of overseas clients is inconsistent with EU law, and that …