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Date:
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Wednesday, 7 April
2021
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Time:
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9.30am - 10.45am
(Singapore Time)
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Enquiries:
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Howard Ching, hching@kpmg.com.sg, +65 9660 9612
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KPMG in
Singapore and Morgan Lewis are pleased to invite you to join us for a
Live Webinar on the implications around the Executive Order 13959 (EO
13959) for the Asset Management Industry.
EO 13959
prohibits all transactions by U.S. investors in most or all
securities (including derivatives) of entities identified by the U.S.
government as a "Communist Chinese military company". As a
result of this order, there has been a significant effect on
investment funds in Asia and around the world that directly or indirectly
have exposure to the sanctioned entities.
Get expert
views from Morgan, Lewis & Bockius LLP's Timothy Levin, Kenneth Nunnenkamp and
Joel Seow as
well as KPMG in Singapore's Daniel
Joe, as they share the implications on the asset
management industry in Asia and examine a few fund structuring
solutions from a legal and tax perspective. This session will be
moderated by Howard
Ching from KPMG in Singapore.
Other
topics that this session will discuss include the following:
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The implementation, challenges and
the approaches the investment industry is using to address these
implications;
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How to navigate investments in
companies classified as Communist Chinese military companies;
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The effects of the sanctions on fund
managers based in Asia, and how they can continue trading in
sanctioned entities without running afoul of these sanctions;
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The recent US court ruling relating
to Xiaomi and its implications for the sanctions program;
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US Tax Considerations
This webinar
is complimentary, although early registration is recommended. Please
indicate your availability to attend this webinar by clicking on the
registration button above. If you are unable to join, please extend
this invitation to other members of your organisation.
Should you have any queries, please contact Howard Ching at hching@kpmg.com.sg or
+65 9660 9612.
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Yours Sincerely,
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Gerard Toh
Partner, Audit
KPMG in Singapore
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About the Speakers
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Daniel
Joe
Seconded
Partner, US Tax Desk
KPMG in
Singapore
Daniel Joe is currently a seconded
U.S. tax partner with KPMG in Singapore. Prior to his secondment,
he was a partner in KPMG LLP (US)’s Washington National Tax group
based in Seoul, Korea and Partner-in-Charge of the US tax practice
in Asia. He has been practicing tax for over 20 years and has lived
and worked in the Americas, Europe and Asia. He focuses on
providing tax advice on a variety of transactions, including
cross-border structuring, real estate transactions, merger and
acquisitions, private equity investments, and financial products.
His practice also includes the development and implementation of
related holding and financing structures, and the structuring of
domestic and international operations of clients.
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Timothy W.
Levin
Partner
Morgan, Lewis
& Bockius LLP
Timothy is the leader of Morgan Lewis’s investment management
practice. He counsels investment advisers and other financial
services firms on the design, development, and management of pooled
investment vehicles and investment advisory programs. He also advises
fund managers in connection with organization, registration, and
ongoing regulatory compliance. Additionally, he represents managers
and sponsors of unregistered pooled investment vehicles. Tim is
ranked by several legal publications and directories as a
leading investment funds practitioner.
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Kenneth J.
Nunnenkamp
Partner
Morgan, Lewis
& Bockius LLP
Ken has more than 30 years of litigation and investigation
experience and is the leader of the Morgan Lewis CFIUS working
group. Ken represents clients in international trade and national
security matters before United States federal courts and government
agencies, including the US departments of State, Commerce, Homeland
Security, Defense, and Treasury. His practice involves internal
investigations and disclosures, including voluntary disclosures and
responding to government demands, as well as federal court defense
against government actions. He also advises on compliance
counseling and training, transactional due diligence–including both
domestic and cross-border transactions–and statutory submissions to
US government agencies.
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Joel Seow
Director
Morgan Lewis
Stamford LLC
Joel advises sponsors throughout Asia on the establishment of
private investment funds across various asset classes and
jurisdictions, with a focus on private equity, venture capital,
real estate, infrastructure, and hedge funds. Joel is keenly aware
of Singapore’s regulatory requirements for fund management and was
part of the VCC working group responsible for preparing the VCC
model constitution, which has been widely adopted by the Singapore
investment funds industry. Joel is ranked by several legal publications
and directories as a leading investment funds practitioner in
Singapore and Asia Pacific.
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About the Moderator
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Howard
Ching
Director,
Asset Management, Audit
KPMG in
Singapore
Howard specialises in the
asset management sector. He is an advisor on fund formation, regulatory
and compliance framework and best practices in the areas of
accounting, operations, legal and governance. Prior to joining KPMG
in Singapore, he had over 7 years of experience providing audit
services to the Asset and Wealth Management industry in Hong Kong.
Howard's area of expertise include hedge funds, traditional
funds and ETFs. He is also a subject matter expert in VCC and the
Cayman Islands Mutual funds/Private Fund Law.
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Privacy | Legal
In circumstances beyond our control, we reserve the right to cancel the
event, or make changes to the schedules, venue and speaker(s).
Photography, audio, and/or video recording are not permitted during the
event unless authorised by KPMG in Singapore. KPMG in Singapore
reserves the right to limit attendance to the webinar at its
discretion.
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Singapore incorporated company and a member firm of the KPMG global
organization of independent member firms affiliated with KPMG
International Limited, a private English company limited by guarantee.
All rights reserved.
The KPMG name and logo are registered trademarks or trademarks of KPMG
International.
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