pdf

O’Melveny’s Ford Quoted in Greater China Private Equity Review on New Tax Incentives for China Funds

November 22, 2013 O’Melveny & Myers partner James Ford was quoted in a November 22, 2013, Greater China Private Equity Review article, titled “Hong Kong to Attract Mainland China Funds with New Tax Incentives.”  The piece describes the Hong Kong government's proposal on tax exemption for private equity funds and open-ended investment company (OEIC) structures, and discusses whether OEICs could supplant limited partnerships.

"OEICs are not as significant a development for private equity but more relevant for mutual funds and hedge funds," Ford said in the article, adding, "I would expect that Phase II might be a revamp of the existing Hong Kong limited partnership ordinance to try to encourage people to use that as a fund structure for private equity."

Ford is a member of O’Melveny’s Investment Funds Practice and resides in the Firm’s Hong Kong office.