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Vietnam loosens foreign ownership limit in public companies and provides guidance on debt for equity swaps

On 26 June 2015, Vietnam loosened foreign ownership limits (FOL) in public companies by the adoption of Decree 60/2015 (Decree 60).

Vietnam, Corporate Finance/M&A, Derivatives, Insolvency & Restructuring, Mayer Brown, Public company, Market liquidity, Swap (finance), Debt, Stock exchange
Who should hold the bag for employment liabilities when the portfolio company goes “belly-up”? The private equity firm, maybe.

In the world of private equity, vast sums of money are raised by private investors who pool their money into collective funds in order to acquire companies, i.e., a “portfolio company”, with the goal of eventually flipping the portfolio company at a significant profit. Sometimes, however, that bet goes wrong, and the portfolio company is sold at a loss or, worse, liquidated in bankruptcy.

USA, Corporate Finance/M&A, Employment & Labor, Insolvency & Restructuring, Litigation, Mintz, Private equity, Angel investor, Worker Adjustment and Retraining Notification Act 1988 (USA)