Law & Policy

  • March 9, 2018

    India’s tax change offers venture capital boost

    An increase in capital-gains levies on listed equity funds should help provide venture capital and private equity with a level playing field.

  • November 29, 2017

    Russia advances VC plans

    Russia's state-owned enterprises and agencies have made a flurry of investment announcements to drive the country's innovation agenda.

  • November 28, 2017

    Europe ‘guarantees’ research and innovation budget

    With research and innovation effectively ringfenced, Oettinger said the EC would “have to cut” effectively elsewhere.

  • November 23, 2017

    US to tighten oversight on foreign deals

    A draft bill aims to double the number of national security considerations that justify an investigation into foreign deals for US-based firms.

  • November 1, 2017

    Opic gets in line for expanded remit

    The US government-owned development agency Opic could soon be permitted to make direct equity investments.

  • October 31, 2017

    Australia weighs fintech incentives

    The government is looking at removing restrictions that have prevented fintech startups from accessing Australia’s venture capital incentive framework.

  • October 27, 2017

    Taiwan seeks extra VC funding from banks

    Taiwan’s banks will be allowed to wholly own local VC firms as long as the total outlay does not surpass 3% of their overall net worth.

  • October 27, 2017

    Vietnam schedules VC framework for 2018

    The regulations, designed to help establish Vietnam’s startup ecosystem by 2025, would bring income tax benefits and the right to include 30 LPs at each fund.

  • October 20, 2017

    Singapore smooths path for VC fund managers

    The five-years experience requirement for VC fund managers has been jettisoned as Singapore has moved to reflect the distinct structure of the VC sector.

  • October 6, 2017

    Vietnam drafts VC framework

    Vietnam startups currently attract VC investments of between $5,000 and $50,000, but no regulatory framework exists to provide clarity for investors.

  • September 15, 2017

    Azerbaijan looks to add venture capital

    The country’s government is looking into attracting venture capital to bolster startups in the mechanical engineering sector.

  • August 5, 2017

    Editorial: Value shifts from ideas towards large company investors

    Emphasis inside government and among its advisers is that more value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.

  • July 5, 2017

    Notion Capital loses licence

    The government-backed firm failed to file necessary paperwork with the UK regulator, leading to the withdrawal of its licence.

  • June 22, 2017

    US looks into regulating Chinese investment

    The US government is considering options to better protect domestic innovation in the artificial intelligence sector from Chinese investors.

  • April 5, 2017

    Germany toughens M&A regulations

    In future, companies worth more than $425m will be subject to antitrust regulations, with a particular view of protecting consumers when startups are purchased by corporates.

  • February 15, 2017

    Singapore to relax VC rules

    The Monetary Authority of Singapore is seeking to relax a range of rules for venture capital managers.

  • January 20, 2017

    Bpifrance imports Coface’s responsibilities

    The transfer of export credit agency Coface’s activities to newly established subsidiary Bpifrance Assurance Export has been successfully concluded.

  • January 11, 2017

    UAE frames VC funds

    The government has established a legal framework for venture capital funds operating in the United Arab Emirates.

  • December 20, 2016

    Sweden rules on startup tax changes

    The country’s startups currently suffer from up to 67% in taxes on profits from employee stock options, leading to criticisms from companies such as Spotify.

  • December 1, 2016

    Latvia reduces tax burden on startups

    The new law, which comes into force on January 1 2017, imposes a flat tax on startups of $267 per employee per month for qualifying companies.

  • November 11, 2016

    Singapore to stimulate VC industry

    Singapore’s monetary authority is in the process of reviewing regulations around venture capital to drive innovation in the city-state.

  • October 31, 2016

    Guest comment: Brazil’s reform of private equity regulations

    Alexei Bonamin, partner at TozziniFreire Advogados, considers the recently issued framework by the Brazilian Securities Commission to regulate the country’s private equity sector.

  • October 31, 2016

    Alberta to introduce VC legislation

    The autumn sitting of the province's legislature is expected to produce legislation that would offer a 30% tax credit to some investors.

  • October 24, 2016

    Big deal: Vietnam readies VC law

    The government has proposed a law that will regulate domestic venture capital funds after having been reported last month to be considering a government venturing fund.

  • October 14, 2016

    Enterprise Ireland to combat Brexit with more cash

    Michael Noonan, finance minister for the Irish government, announced an additional $3.3m in capital for Enterprise Ireland to cope with the impact of Brexit.

  • October 4, 2016

    Argentina restructures legal framework

    The country has announced a set of measures to modernise its legal framework governing entrepreneurship and company formation.

  • September 22, 2016

    Vietnam plans government venturing fund

    Vietnam aims to be a startup-friendly nation by 2020 and sees the proposed government venturing fund as a first step towards that goal.

  • September 15, 2016

    Germany changes VC rules

    In May, the country's finance ministry blocked a bill meant to bring tax relief to investors in startups but it has now agreed to measures that essentially reimburse losses made by VCs.

  • September 5, 2016

    China cultivates VC ecosystem

    The country's State Council announced last week that it hopes to boost the local ecosystem by changing a host of rules, such as treating foreign investors equally to domestic entities.

  • July 15, 2016

    US Fix Crowdfunding Act moves to the Senate

    The Fix Crowdfunding Act has passed the US House of Representatives with a vote of 394 to 4.

  • July 14, 2016

    EC to revise VC regulations

    The European Commission has announced plans to simplify venture capital regulations, introducing a passport system that would allow cross-border investments and fundraising.

  • June 14, 2016

    Reduced capital gains tax for Irish startups from 2017

    Capital gains tax in Ireland for startups is to be reduced to 10%, according to a speech given by the country’s minister for jobs, enterprise and innovation Mary Mitchell O'Connor.

  • June 9, 2016

    Gujarat to be good to technology startups

    The Indian state of Gujarat plans startup policies to support established technology startups through incubators and venture capital support.

  • June 6, 2016

    EC plans venture fund and regulatory change

    The Commission is also working with the European Investment Fund (EIF) to establish a Pan-European Venture Capital Fund-of-Funds that would combine public finance and private capital for additional stimulus and scale for new companies.

  • June 2, 2016

    Azerbaijan simplifies startup regulations

    The deputy minister of communications and high technologies in Azerbaijan announces simplified rules for startups and talks about future bills to support venture capital funding.

  • May 31, 2016

    Schäuble blocks startup-boosting bill

    Germany's finance ministry blocks a bill to bring tax relief to investors in startups arguing that the bill is lacking substance to stand on its own.

  • May 25, 2016

India to tax Mauritius venture capital

    The country has decided to tax venture capital and private equity deals coming from Mauritius beginning in 2017.

  • May 18, 2016

    Australia innovates with new law

    Funding in Australian startups is set to increase following the government's Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016 coming into effect in July.

  • May 5, 2016

    BPIfrance is credited with Coface

    France’s public investment bank will take on responsibility for the country's export credit agency through a newly established subsidiary.

  • April 6, 2016

    Canada's budget greeted with mixed reactions

    Canada's latest budget backs the cleantech sector, improves university infrastructure and supports researchers, but has frozen the small business tax rate at 10.5%.

  • April 5, 2016

    Australia to cash in on fintech

    Australia plans to support fintech companies in the country by adapting legislation and creating a Fintech Advisory Group.

  • March 23, 2016

    India to simplify access to startup capital

    The Finance Ministry in India has been holding consultations to develop ways to make it easier for startups in the country to raise funding.

  • March 22, 2016

    Australia offers tax incentives

    The Turnbull government in Australia introduces a bill to parliament to provide support in the form of tax incentives to entrepreneurs, startups and their investors.

  • March 1, 2016

    UK’s investment tax reliefs working as planned

    The UK's Enterprise Investment Scheme and Venture Capital Trusts, which offer tax relief to investors, have been successful according to a report commissioned by HM Revenue & Customs.

  • February 23, 2016

    India banks on regulation changes

    Reserve Bank of India plans to make the lives of entrepreneurs easier by simplifying rules and regulations around startups.

  • February 5, 2016

    China to change VC investment rules for banks

    The country is reportedly planning to let commercial banks create venture capital units to invest in technology startups.

  • December 29, 2015

    UK Finance Bill 2016 puts spotlight on carried interest

    The legislative measures relating to investment managers and their performance linked rewards in the UK government's Finance Bill 2016 have been published.

  • December 10, 2015

    Canada embraces crowdfunding

    Crowdfunding is to come to five more Canadian provinces as Multilateral Instrument 45-108 Crowdfunding is published in its final form awaiting government approval.

  • November 25, 2015

    India listens to startups

    India sets up a multi-department working group to listen to the concerns and thoughts of startup founders and venture capital investors.

  • September 9, 2015

    Nasscom calls out India on regulatory hurdles

    The global trade body for IT and outsourcing has told the Indian government to remove regulatory hurdles facing startups in the country.

  • September 7, 2015

    Caulfield criticises Irish tax system

    The head of Irish Venture Capital Association Brian Caulfield has voiced his dissatisfaction with how Ireland taxes entrepreneurs.

  • September 1, 2015

    Paper outlines Saudi Arabia oil wealth reforms

    Former head of investment for the Saudi Arabian Monetary Agency suggests the creation of two sovereign wealth funds and the disconnection of SAMA's reserves and spending in the country in a paper he has published.

  • August 22, 2015

    Editorial: Clouds clear for global entrepreneurial ecosystem

    'Connecting with global venture capital creates new mutually beneficial collaborative possibilities that are necessary in order to build a thriving global business.'

  • August 18, 2015

    US embargoes more of Russia

    The US Office of Foreign Assets Control clarifies that subsidiaries of Russian government-owned VEB and Rosneft are not allowed to trade in the US by including them on the Specially Designated Nationals List.

  • August 13, 2015

    Comment: Planning Europe's Capital Markets Union

    Lavan Thasarathakumar, regulatory policy at British Private Equity & Venture Capital Association (BVCA), discusses the potential impact of the planned Capital Markets Union in Europe.

  • August 7, 2015

    Docomo rejection leads to India looking at regulations

    The finance ministry in India is to look at its call and put option rules following the Reserve Bank of India's rejection of Docomo's share sale to Tata.

  • August 5, 2015

    South Korea relaxes venture rules

    The Financial Services Commission for South Korea has announced changes to increase venture capital fund creation and investment in the country to help SMEs and startups.

  • July 21, 2015

    Carried interest budget changes to bring £1.1bn to UK

    The UK's latest budget has brought in changes to carried interest that will affect thousands of private equity firm workers and potentially bring £1.1bn into the UK economy over the next five years.

  • July 21, 2015

    US patent bill gains opposition

    US patent litigation adjustment bill HR9 passes its House Judiciary Committee markup but gains opposition from the National Venture Capital Association.

  • July 12, 2015

    Editorial: Different venture syndicates forming

    For Sanaria, a US-based company working on a vaccination for malaria, a diverse syndicate offers an interesting insight into the potential for what these groups can achieve.

  • July 7, 2015

    Venture capital slingshots in Australia

    Australia slingshots investment in early stage companies by awarding the Slingshot Venture Fund early stage venture capital limited partnership status.

  • July 2, 2015

    Patent licensing limited impact

    "With particular unanimity, respondents reported that licenses taken from NPEs [non-practicing entities, sometimes called patent trolls,] rarely led to any new products or features," similar to when it involved university and practicing entity licenses.

  • July 2, 2015

    China pilots crowdfunding

    China is also creating a $40bn Silk Road Fund to invest in projects that guarantee returns from infrastructure and businesses in countries from Asia to Europe.

  • July 2, 2015

    India's venture initiatives continue

    In India’s capital, the government plans to set up R500crore venture capital fund to boost the local pharmaceutical industry.

  • July 2, 2015

    France starts entrepreneur visa

    Every six months, around 50 people will be awarded this French Tech Ticket — the first batch will start in January 2016.

  • July 1, 2015

    Australia eyes state tax review

    All Australian states and territories impose a payroll tax on the balance of wages after a company exceeds a stipulated threshold.

  • July 1, 2015

    Michigan to stop venture tax breaks

    The state House Commerce and Trade committee has seen legislation to close a programme started in 2003 aimed at attracting venture capitalists by giving tax vouchers to banks to lend to VCs doing deals in the state.

  • May 31, 2015

    Editorial: Who do you know?

    An ecosystem really is all about the network.

  • May 28, 2015

    Bahrain urged to kick start venture capital industry

    The Waqf Fund, established by Bahrain's central bank, has recommended that the government form an accommodating ecosystem for VC investment.

  • May 24, 2015

    Editorial: Finding the 'win:win'

    The paranoid in us recognises headwinds are coming, the optimist hopes they can be met.

  • May 19, 2015

    Temasek to join Singapore's Net Investment Returns

    The Singaporean government will be able to invest up to half of the returns generated by state-backed fund Temasek if a new bill passes.

  • May 17, 2015

    Editorial: Doubling up a winning strategy

    US state-owned Alaska Permanent Fund Corporation (APFC), which has invested through its partnership with asset manager Crestline Investors an undisclosed amount in Denali Therapeutics’ $217m series A round.

  • May 9, 2015

    Editorial: Cash-rich kings

    Governments to find ways to free up cash flow could also be helpful.

  • May 3, 2015

    Editorial: Optmism's blind eye

    The development of these firms as effectively new-style conglomerates based out of tax havens poses opportunities and threats to societies. But the hope and promise for those still seemingly emerging from a central planning past encourages the optimism that turns a seemingly-blind eye to the rulers of these "extremely powerful marketplaces".

  • May 1, 2015

    Comment: Reinventing the corporation

    Colin Mayer, professor of management studies, Saïd Business School, Oxford University

  • April 26, 2015

    Editorial: Europe's more fertile soil

    Change in policymakers' mindsets is perhaps the most encouraging outcome.

  • April 22, 2015

    Taxing issues in India

    The Indian minister of state for finance has announced plans to increase the country's “tax to GDP ratio” and reduce the corporate tax rate.

  • April 19, 2015

    Editorial: Disconnect growing between theory and practice

    The funding of development and change through venture and other financial securities could become the lightning rod that highlights this gap between rhetoric and practice.

  • April 12, 2015

    Editorial: Battleground shifting to talent

    There is no shortage of liquidity in an era of negative real interest rates. Just as the differentiation between public and private-backed corporation has become blurred as they all focus on similar metrics to set strategy and governance, the real challenge remains in identifying and creating organisations able to scale and grow.

  • April 7, 2015

    Arizona’s bipartisan business proposal

    A change to the state of Arizona laws being looked into by two senators could spur the creation of more small venture capital funds within the state.

  • April 3, 2015

    Comment: EU Capital Markets Union

    King & Wood Mallesons, law firm, looks at how private equity and venture capital could benefit from EC changes.

  • April 3, 2015

    Editorial: Is optimism the safest bet?

    There is a telling gap between generally right and “wrong all the time” and for whom.

  • March 16, 2015

    Global Government Venturing Summit review

    "Knowledge and ambition are here; Brainport is the most innovative region."

  • March 16, 2015

    The taxation of Luxembourg limited partnerships

    King & Wood Mallesons law firm

  • March 16, 2015

    Editorial: Translating innovation potential

    The world as a testing ground will translate this innovation potential into commercial opportunities.

  • March 15, 2015

    Editorial: Commercial spirits support the state

    There appears to be counter-intuitively plenty of support for government activity even at a time of relative global economic buoyancy.

  • March 13, 2015

    Encouraging startups in Malta

    Malta is encouraging venture startups by creating the Venture Capital Malta initiative that will be funded and resourced by the Malta Investment Management Company and Malta Enterprise.

  • March 10, 2015

    India’s startup friendly budget

    The Indian minister of finance announces his latest budget with plans to help entrepreneurs and startups.

  • March 8, 2015

    Editorial: Taiwan plans reforms and funds

    It remains to be seen whether the latest crop of funding and support will amount to a greater harvest for entrepreneurs and their investors.

  • March 3, 2015

    Unclaimed US state property to support VCs

    North Carolina may provide more funding for venture capital by using money from its unclaimed property fund.

  • February 22, 2015

    Editorial: Some 'somewhat-less obvious ideas'

    “Routine conversation with legislators: ‘How do we get more successful tech startups?’ Do X, Y, Z. ‘Oh, we can't do *those* things."

  • February 13, 2015

    San Diego fears access to venture

    The public pension’s private equity chief said the freedom of information act (FOIA) is impacting its access to venture funds, and that’s not likely to change, according to news provider VCJ.

  • February 11, 2015

    Financial incentives for Indian entrepreneurs

    The Indian state of Gujarat among a group setting out programmes of incentives to boost micro, small and medium enterprises.

  • February 8, 2015

    Editorial: Why governments matter

    Neelie Kroes's message in Eindhoven, Netherlands, was warmly received by the audience of nearly 300 government leaders, corporations, academics, entrepreneurs and venture capitalists.

  • February 4, 2015

    Editorial: An exciting start to the year

    Government venturing often sits at the sharp end of discussion about what technology can create or disrupt.As the venture industry continues to develop, this year will require sophisticated responses to the looming challenges.

  • February 1, 2015

    Editorial: BPIfrance’s move heralds sea-change

    BPIfrance has changed the definition of what it deems “innovative” and hence worthy of backing.