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Hong Kong Private Equity - 0% tax rate for carried interest On 29 January 2021, the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 was gazetted. The Bill introduces a concessionary 0% tax rate for ‘carried interest’ paid by eligible private equity (PE) funds operating in Ho... EFIG: European Banking Newsletter - January 2021 Development's in this month's edition include: Banking supervision – ECB publishes speech by Elizabeth McCaul on bank boards and supervisory expectations  COVID-19 and dividends – ECB urges banks to further delay or limit... Brexit has happened - so what next for Debt Capital Markets? One month ago, at 11:00 pm on New Year’s Eve, the Brexit implementation period ended and the UK left the EU single market. The Trade and Cooperation Agreement between the UK and the EU that has applied since then does not deal with the regulatory de... Cartel Fines in Hong Kong: Some Observations on the Latest Penalties The Hong Kong Competition Tribunal (Tribunal) concluded 2020 with its highest pecuniary penalties to date in the IT Bid-rigging case and started 2021 with another set of fines (including on individuals) in the 3rd Decorators Cartel case. With these, there... Banking and Investment Services column: January 2021 Our latest Banking and Investment services column for Practical Law. In our latest Banking and Investment services column for Practical Law, we consider the possibility of UK divergence from the EU rulebook, the harmonisation of environmental, social and... Revised OECD tax treaty guidance as “temporary” COVID-19 travel restrictions continue to impact business operations The OECD has issued updated guidance on tax treaties and the impact of the COVID-19 pandemic which adopts broadly similar views on questions around the creation of permanent establishments and changes in tax residence as the guidance issued... Competition law and sustainability: Expectations for 2021 The interplay between competition law and sustainability was a hotly debated topic in the competition law community in 2020. This briefing provides an indication of the developments we can expect in this space in 2021 from Europe’s competition regul... The Space Law Review - Second Edition: Taxation Tom Gilliver contributes the chapter on taxation in this second edition of The Space Law Review, one of the Expert Panels in the Law Reviews series. For companies in the space industry, tax is an important factor in determining where to base themselves. ... Pensions Bulletin - January 2021 In this month’s Pensions Bulletin, we report on developments in the ongoing scheme funding code consultation and on updated guidance from the Pensions Regulator on scheme returns. We analyse the implications of the end of the Brexit transition perio... "Landmark" Pensions Bill completes Parliamentary process Overview of provisions in the Pension Schemes Bill 2019/21 covering: new Pensions Regulator powers and penalties, Pensions Dashboards, changes to defined benefit scheme funding, action in relation to climate change risk, and new restrictions on transfers ...