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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 lat... 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 decis... 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 C... 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 th... 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 com... 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 ... Brexit: Will there be a deal? The Brexit talks are ongoing – until a deal is in clear sight, businesses must remain mindful of the WTO alternative. This briefing, prepared by Tolek Petch, lawyer in our trade unit, contains a reminder of the key aspects of the WTO regime. On 31 ... The Future Relationship between the UK and EU The Brexit talks will result in London this week, with parties seemingly some way apart on a number of issues. This briefing, prepared by Tolek Petch, lawyer in our trade unit, surveys the state of play as at 3 July. As the UK emerges from its COVID 19 l... 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 ...