By Ganesh Rao, Partner and Pallabi Ghosal, Senior Associate, with assistance provided by Nayan Banerjee, Associate, AZB & Partners As India’s economy has grown, so has its stressed assets. Stressed assets, which comprise non-performing assets (NPAs), restructured loans, and written off assets, account for about 16.6% of total loans, which… Read More
By Olivier De Moor and Brett Fieldston, Akin Gump Strauss Hauer & Feld LLP Introduction The typical private equity model seeks to return capital and profits to investors with little to no entity or investment level taxation, leaving potential tax drag, if any, at the investor level. In practice… Read More
The EMPEA Fall Bulletin focuses on various topics including complex tax efficiency considerations for U.S. taxable and tax-exempt investors considering investment in India, challenges resulting from a decision to invest in Indian distressed debt, optimal investment structures following recent changes in the Indian Insolvency and Bankruptcy Code and an… Read More
By Ann Marie Plubell, Vice President, Regulatory Affairs, EMPEA Introduction The complexity of tax considerations on the strategic decision to select and enter an emerging market cannot be denied. The value of early tax analysis from multiple perspectives for both the funds (here termed “GPs”) and the investors in… Read More
By Ann Marie Plubell and Siyao Liu, EMPEA Regulatory Affairs In September 2013 China’s President Xi Jinping announced the “One Belt One Road Initiative” (OBOR). Under OBOR in 2014 the Silk Road Fund was established followed in 2015 by the Asian Infrastructure Investment Bank (AIIB). Both are intended to… Read More
By Ashwin Bishnoi, Khaitan & Co LLP The Indian Insolvency & Bankruptcy Code 2016 (Code) was enacted in 2016 and the corporate resolution process has been operationalised. The Code has received a big boost with the Reserve Bank of India (RBI, India’s federal reserve) recently requiring India banks to… Read More
By Owen Lysak, Clifford Chance LLP The UK has had its first general election since it voted to leave the European Union (EU) last year, just weeks ahead of the start of Brexit negotiation talks. The asset management industry continues to face a period of uncertainty whilst we wait… Read More
The EMPEA Summer Bulletin focuses on various topics including the changing relationship between the United Kingdom and the European Union, recent currency and policy developments in China (particularly, the “One Belt Road” policy) and the likely impact of a new bankruptcy code on private credit and private equity industry… Read More
Aspada Investments, was chosen as one of three finalists in the EMPEA Institute’s 2017 Sustainability & Operational Excellence Challenge for its management of EM3 AgriServices, India’s first provider of farm services on a pay-per-use basis. Services on the platform are provided for the entire farm cultivation cycle including land… Read More
India-based farm mechanization services company EM3 AgriServices has raised a US$10 million Series B round from existing investor Aspada Investment Advisors, an investment firm focused on small and medium-sized enterprises in India, and London-based Global Innovation Fund. Aspada invested through Aspada Investment Company, a venture capital investment vehicle backed by… Read More
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