| On November 2, 2011, the US Treasury Department released proposed regulations (the Proposed Regulations) under Section 892 of the Internal Revenue Code of 1986, as amended (the Code) that should facilitate the investment in private equity funds by sovereign wealth funds and other entities controlled by foreign governments.
The Proposed Regulations clarify some previously unanswered questions, and liberalize the existing rules in several respects, eliminating some "traps for the unwary." The Proposed Regulations are welcome news to private equity funds and to sovereign wealth funds...............................................Full Article: Source
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