Regulation
Shoot the messenger
The European Union, as the price for bailouts running into the billions, has taken over the governments of Greece, Spain and Portugal, as their new controlling shareholder, while also assuming control of Germany’s provincial banks and the local government...
Temasek loses Indonesia competition appeal
Singapore SWF Temasek Holdings has lost its final appeal before Indonesia's Supreme Court in an anti-monopoly case concerning its positions in cellular providers PT Telekomunikasi Selular (Telkomsel) and PT Indosat.
GOME's Huang goes directly to jail
Huang Guangyu, founder of Bain Capital investee GOME Electrical Appliances Holdings, has finally been convicted in Beijing on bribery and insider trading charges, after a protracted detention, and sentenced to 14 years in prison.
Showdown at GOME
The strength - and limits – of founder control in PRC investee companies received a sharp demonstration last week as major shareholders ostensibly connected to Huang Guangyu – founder of GOME Electrical Appliances and at that point awaiting trial in China...
Korean regulator says no bias against foreigners
With a $3.7 billion stake in Korea Exchange Bank (KEB) up for sale, a commissioner with Korea’s Financial Services Commission, Choi Kyu Yun, said in an interview that “the market has misunderstood our position,” and that foreign bidders would be welcome...
SWFs meet in Oz
Earlier this month, 22 of the world’s sovereign wealth funds met in Sydney to discuss issues they all face with investment.
Keeping LPs happy
The due diligence process has always played an important role for LPs when choosing funds to back.
GOME reappoints Bain directors after eviction attempt
The board of Bain Capital investee GOME Electrical Appliances reappointed Bain representative non-executive directors Jonathan Zhu, Ian Reynolds and Wang Li Hong after two significant affiliated shareholders voted against their reappointment at the company's...
Choi steps down at VinaCapital fund
Dr. Jonathan Choi, a non-executive director at the London AIM-listed VinaCapital Vietnam Opportunity Fund, has resigned from his position.
Temasek buys NYSE's NSE stake
Singapore SWF Temasek Holdings has said publicly that it will invest in the National Stock Exchange of India, buying a 5% stake from NYSE Euronext.
JPMorgan Chase plans China VC firm
US financial institution JPMorgan Chase & Co. reportedly is ready to establish a venture capital firm in China, with official authorization from PRC financial regulators and the Beijing government.
Hoo moves from Hastings to Orrick
Respected private equity lawyer Maurice Hoo is moving from Paul, Hastings, Janofsky & Walker to Orrick, Herrington & Sutcliffe, to co-head Orrick's global private equity practice.
NPS may join on KEB
Korea's National Pension Service may participate in the acquisition of Korea Exchange Bank from Lone Star Funds, according to Korean reports.
The framework for green investing
While agreement on global emissions targets may be in abeyance, national policies and regulatory changes are spurring the development of renewable energy projects across Asia – and particularly in China – say international legal teams.
Bery claims $30.8 million from JPM
Varun Bery, and co-founder of TVG Capital Partners, and later co-head and MD of JPMorgan’s private equity investment arm in Asia Pacific, JPMorgan Private Capital Asia, is now suing the bank over $30.8 million.
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
China Select gets Suzhou RMB OK
China Select Capital Partners Corp., a Toronto Venture Exchange-listed asset management and investment firm, has announced that it has received approval from the municipal government overseeing Suzhou Industrial Park to manage RMB funds in China.
Origo signs Xinxiang RMB enviro fund MOU
Origo Partners, an AIM-listed China and India-focused investment firm, has signed an MOU with the Xinxiang Municipal Government in Henan province in northeast China, to set up the RMB-denominated Origo China Sustainable Development Fund.
Bain's Gome could face fines in Huang trial
Huang Guangyu, the founder and former chairman of Bain Capital investee Gome Electrical Appliances Holdings, has gone on trial in Beijing, charged with illegal business operations, insider trading and bribery.
Bery sues JPM over firing, spinout
Varun Bery, former MD and co-founder of TVG Capital Partners, and later co-head of JPMorgan's private equity investment arm in Asia Pacific, is now reportedly suing the bank over $30.8 million alleged lost income, also alleging wrongful dismissal and...
Singapore reviewing private equity fund regs
The Monetary Authority of Singapore, the state's financial regulator and central bank, has announced a formal review of its private equity and hedge fund regulations, amid global trends towards tighter private fund regulation.
Taizinai liquidiation challenged
In the latest, not unexpected, complication in the attempts by private equity investors and debt-holders to recover money from struggling PRC milk drinks producer Hunan Taizinai Group, the company's chairman, Li Tuchun, is said to be resisting efforts...
ATO delay ominous for Oz PE
The Australian Taxation Office has delayed two rulings on profits from private equity transactions until end May, indicative of a harder stance on the issue, according to some observers.
Asian fund T&Cs acceptable, finds Squadron
An independent survey by Hong Kong-headquartered private equity fund-of-funds manager Squadron Capital has found that terms and conditions of Asia Pacific private equity funds compare variably against US and European funds in terms of their compliance...