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Limited Partnership Fund Ordinance: A new fund vehicle for private equity in Hong Kong The Limited Partnership Fund Ordinance (Cap. 637) provides a new fund vehicle for private equity in Hong Kong and will take effect on 31 August 2020. On 17 July 2020, the Limited Partnership Fund Ordinance (Cap. 637) (LPFO) was gazetted, marking the... A simpler and more modern tax environment sounds good – but what about tax competition? The Apple case is seen as raising the (very) hot topic of how a multinational group like Apple should be taxed in a modern, digital world. In a briefing on our website, Mike Lane and Isabel Taylor review the case and consider the implications of the... Employment Bulletin - July 2020 Topics covered in this bulletin: Worker with open-ended contract was an agency worker Employer’s approach to alternative employment on redundancy was unfair Refusal to give an undertaking was a failure to make reasonable adjustments European... Apple v Commission: the verdict’s in Mike Lane and Isabel Taylor review the decision of the General Court of the European Union in Apple Sales International (ASI) and Apple Operations Europe (AOE) v Commission.   The victory for Apple and Ireland in their €13bn State aid dispute... Competition & Regulatory Newsletter Playing to the tune of the CMA – further enforcement action against resale price maintenance in the musical instruments sector. As part of its enforcement action against resale price maintenance in the musical instruments sector, on 29 June 2020... Shareholder meetings under the Corporate Insolvency and Governance Act 2020 New guidance on holding shareholder meetings under the Corporate Insolvency and Governance Act 2020, which provides flexibility for companies until 30 September 2020. The Corporate Insolvency and Governance Act 2020 includes temporary flexibility for... New Pilot Scheme for widening participation in arbitrations in Hong Kong Client briefing regarding the Pilot Scheme on Facilitation for Persons Participating in Arbitral Proceedings in Hong Kong (launched on 29 June 2020). The Hong Kong government has launched a pilot scheme aimed at allowing eligible non-Hong Kong residents... Tax and the City Review for July 2020 Mike Lane and Zoe Andrews review the decision to delay the reporting deadlines under DAC6; claims for carry back loss relief on the basis of anticipated losses; the US stance on Pillar One; and the replacement of NAFTA by USMCA in US treaties.  The... DB Superfunds – “Unique opportunities and risks to members benefits” – The Pensions Regulator (“TPR”) publishes details of interim regime The Pensions Regulator has recently published details of the interim regime for DB superfunds. In this update we consider the detail of the interim regime and some of the key considerations for sponsors and trustees. Overview As can be seen from the... Hong Kong: Fintech laws and regulations 2020 An overview of the Hong Kong Fintech landscape and key legal and regulatory issues. Hong Kong, an international financial centre and gateway to Mainland China, has also established itself as a leading Fintech hub. Our Hong Kong chapter of the...