Mayer Brown | USA | 10 Oct 2023
With more borrowers and lenders entering into net asset value (“NAV”) credit facilities, lenders may want to consider including a double negative…
Weil Gotshal & Manges LLP | USA | 9 Oct 2023
Credit facilities which are backed by the net asset value of a fund's investment portfolio. These facilities are often established in the…
JSA | India | 13 Jul 2023
Angel tax, common name for the provisions of Section 56(2)(viib) of the Income Tax Act, 1961, could keep foreign investors on the edge. A recent…
Dacheng Shanghai | China | 7 Jul 2023
中国证券投资基金业协会(“协会”)于2023年2月24日发布《私募投资基金登记备案办法》(“基金登记备案办法”或者“新规”),…
Mayer Brown | USA | 28 Jun 2023
Net asset value (“NAV”) credit facilities continue to grow in popularity, not only with traditional private equity funds, but also with family…
William Fry | European Union, Ireland, United Kingdom | 13 Jun 2023
In May 2022, the Commission requested input from the European Supervisory Authorities (ESAs) on the issue Of greenwashing, including the key features…
Khaitan Legal Associates | India | 13 Jun 2023
Section 56(2)(viib) was introduced in the Income-tax Act, 1961 with effect from 1 April 2012. At that time, the section provided that a closely held…
Mayer Brown | USA | 30 Mar 2023
The market for net asset value (“NAV”) credit facilities continues to grow rapidly, with evolving features and mechanics. As the market matures, it…
Cadwalader Wickersham & Taft LLP | USA | 11 Feb 2022
For funds that are nearing the end of their investment period and have limited or no remaining unfunded capital commitments, the need to continue a…
BCLP | United Kingdom | 27 Oct 2021
The FCA’s Policy Statement published on 25 October 2021 provides feedback to its May 2021 consultation (the Consultation) and sets out the final…