Weil Tax BLOG - Feed https://tax.weil.com/category/private-equity/ Views and developments from the Tax Department at Weil Tue, 05 May 2026 15:19:09 +0000 hourly 1 Cayman Islands Added to the EU Blacklist — Private Fund Sponsor Update https://tax.weil.com/insights/cayman-islands-added-to-the-eu-blacklist-private-fund-sponsor-update/ Wed, 08 Apr 2020 15:15:27 +0000 Robert Frastai Aron Joy Akash Mehta http://tax.weil.com/?p=917 Update alert: Proposed domestic tax penalties emerge in Luxembourg in enforcement of EU blacklist We recently reported on the addition of the Cayman Islands to the EU list of non-cooperative jurisdictions for tax purposes (the “EU blacklist”) on February 18, 2020 and key consequences for private fund sponsors. On March 30, 2020 the Luxembourg government

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]]> Update alert: Proposed domestic tax penalties emerge in Luxembourg in enforcement of EU blacklist We recently reported on the addition of the Cayman Islands to the EU list of non-cooperative jurisdictions for tax purposes (the “EU blacklist”) on February 18, 2020 and key consequences for private fund sponsors. On March 30, 2020 the Luxembourg government

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]]> Cayman Islands Added to the EU Blacklist — Private Fund Sponsor Update https://tax.weil.com/features/cayman-islands-added-to-eu-blacklist/ Thu, 27 Feb 2020 14:40:46 +0000 Robert Frastai Aron Joy http://tax.weil.com/?p=849 On February 18, 2020, the EU updated its list of non-cooperative and semi-cooperative jurisdictions, in terms of tax reporting transparency and economic substance standards. Cayman Islands slipped from its prior designation as a semi-cooperative jurisdiction onto the non-cooperative list (the “EU Blacklist”). Key action points for Private Fund Sponsors are: Undertake an existing side letter

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]]> Private Equity Fund Acquisition Structures for Buying a Blocker https://tax.weil.com/insights/private-equity-fund-acquisition/ Thu, 19 Dec 2019 14:34:04 +0000 Noah Beck Robert Frastai http://tax.weil.com/?p=787 It is typical in private equity funds for certain tax-sensitive investors, including U.S. tax exempts and non-U.S. investors, such as sovereign wealth funds, to own their indirect interests in certain types of fund investments through an entity taxable as a U.S. corporation (a so-called “Blocker”), which insulates such investors from the direct obligation to pay

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]]> Sun Capital Update: First Circuit Rules Affiliated Investment Funds Not Responsible for Portfolio Company’s Pension Liability, Reversing District Court https://tax.weil.com/features/sun-capital-update-first-circuit-rules-affiliated-investment-funds-not-responsible-for-portfolio-companys-pension-liability-reversing-district-court/ Mon, 25 Nov 2019 16:24:15 +0000 Sarah Downie http://tax.weil.com/?p=742 The most recent decision in the ongoing Sun Capital litigation provides some welcome relief for private equity sponsors invested in portfolio companies subject to pension withdrawal liability. On November 22, 2019, the U.S. Court of Appeals for the First Circuit reversed the 2016 decision of the Federal District Court of Massachusetts that held that two

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]]> The most recent decision in the ongoing Sun Capital litigation provides some welcome relief for private equity sponsors invested in portfolio companies subject to pension withdrawal liability. On November 22, 2019, the U.S. Court of Appeals for the First Circuit reversed the 2016 decision of the Federal District Court of Massachusetts that held that two

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]]> US Tax Reforms: Impact on Cross-border Investments https://tax.weil.com/latest-thinking/us-tax-reforms-impact-on-cross-border-investments/ Wed, 12 Dec 2018 13:39:23 +0000 Robert Frastai Glenn D. West Weil Tax Blog http://tax.weil.com/?p=96 The US Tax Cuts and Jobs Act of 2017 (2017 Act), generally effective for tax years beginning after 31 December 2017, enacted sweeping reforms to the system of US federal income taxation of cross-border investments. The focus of the reforms on cross-border taxation is, generally, on outbound investments by USheadquartered multinational companies and moves from

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]]> The US Tax Cuts and Jobs Act of 2017 (2017 Act), generally effective for tax years beginning after 31 December 2017, enacted sweeping reforms to the system of US federal income taxation of cross-border investments. The focus of the reforms on cross-border taxation is, generally, on outbound investments by USheadquartered multinational companies and moves from

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]]> Transaction-Related Tax Deductions and the Worst Words Ever Spoken by a Deal Professional https://tax.weil.com/insights/transaction-related-tax-deductions-deal-professional/ Wed, 31 Jan 2018 14:47:09 +0000 Glenn D. West Weil Tax Blog http://wpengine.com9/?p=1 Contrary to popular belief, Raymond Burr’s character in the famous TV series, Perry Mason, did not necessarily limit his practice to criminal defense.  He was an old-fashioned sole practitioner that, at times, could be seen drafting contracts too (or at least dictating some instructions regarding their preparation to his trusted legal assistant, Della Street (played

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]]> Contrary to popular belief, Raymond Burr’s character in the famous TV series, Perry Mason, did not necessarily limit his practice to criminal defense.  He was an old-fashioned sole practitioner that, at times, could be seen drafting contracts too (or at least dictating some instructions regarding their preparation to his trusted legal assistant, Della Street (played

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]]> Sun Capital ERISA Litigation – Private Equity Funds Held Liable for Pension Obligations https://tax.weil.com/private-equity/sun-capital-erisa-litigation-private-equity-funds-held-liable-for-pension-obligations/ Tue, 26 Apr 2016 14:12:28 +0000 Paul J. Wessel Steven Margolis http://tax.weil.com/?p=744 A recent decision by the Federal District Court of Massachusetts has potentially significant implications for private equity funds whose portfolio companies contribute to multiemployer pension plans or sponsor defined benefit pension plans, as well as for parties in bankruptcy proceedings. In Sun Capital Partners III, L.P., et. al. v. New England Teamsters and Trucking Industry

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]]> A recent decision by the Federal District Court of Massachusetts has potentially significant implications for private equity funds whose portfolio companies contribute to multiemployer pension plans or sponsor defined benefit pension plans, as well as for parties in bankruptcy proceedings. In Sun Capital Partners III, L.P., et. al. v. New England Teamsters and Trucking Industry

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]]> Federal Appeals Court Concludes PE Funds are Potentially Liable for Pension Obligations of Portfolio Companies https://tax.weil.com/features/federal-appeals-court-concludes-pe-funds-are-potentially-liable-for-pension-obligations-of-portfolio-companies/ Mon, 26 Aug 2013 14:16:09 +0000 Paul J. Wessel http://tax.weil.com/?p=745 A recent decision by the First Circuit Court of Appeals in Sun Capital Partners III, L.P. et al. v. New England Teamsters & Trucking Industry Pension Fund may have important implications for private equity funds that own portfolio companies with underfunded pension obligations. In its decision, the court held that a private equity fund that

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]]> A recent decision by the First Circuit Court of Appeals in Sun Capital Partners III, L.P. et al. v. New England Teamsters & Trucking Industry Pension Fund may have important implications for private equity funds that own portfolio companies with underfunded pension obligations. In its decision, the court held that a private equity fund that

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