India: Piercing The Corporate Veil – The Companies Amendment Rules, 2019

On 13thJune 2018, the Ministry of Corporate Affairs notified Section 90 of the Companies Act, 2013 (“Act”) and the Companies (Significant Beneficial Owners) Rules, 2018 (“SBO Rules”). Both aim to make transparent a company’s ownership by tracing the identity of the individuals who ultimately control the company.

Over six months later on 8th February, 2019, the Ministry of Corporate Affairs issued the Companies (Significant Beneficial Owners) Amendment Rules, 2019 (“Amendment Rules”). The Amendment Rules have substantially amended the […]

By | February 21st, 2019 ||

Private Equity In Turkey

Despite the economic turmoil that has affected Turkey this year – a sharp decline in the value of the lira which has fallen more than 30% against the US dollar and an inflation rate above 20% – Turkey remains attractive for private equity (“PE”) firms seeking to raise funds for investment. Big names, such as the Dubai-based Abraaj Group and Turkven Private Equity, believe that Turkey continues to offer opportunities. Although Turkish PE hit a […]

By | February 19th, 2019 ||

Cross-Border Acquisitions And Corporate Finance Through Cyprus

Cyprus is an EU member state which is increasingly becoming a jurisdiction of choice for the structuring of corporate finance and acquisitions.

This is the case for a number of reasons:

it features one of the most attractive transactional tax regimes in the EU
there is no taxation on the acquisition or disposal of shares and no withholding tax on dividends
its common law system affords certainty and clarity in acquisitions and corporate finance
the […]

By | February 12th, 2019 ||