Media Coverage

Media Coverage

Private Equity News
| PE boss fleeing Ukraine: “The whole world and our business went upside down”

Beata Stepantchenko, who advises private equity firms on risks in different regions as an associate in the political due diligence team at Global Counsel, expects “disturbances to supply chains not only in Ukraine but in the neighbouring countries and even in the global supply chain market”.

In Russia, it is the incoming global sanctions that will hit deal flow, Stepantchenko added: “There’ll definitely be the possibility of sanctions. They [PE firms] need to understand what has been blocked and what are the resources they’ll be able to use in Russia. For example, some payment methods might be disrupted.”

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Business Times
| Budget 2022: Quick Takes on carbon taxes and other green initiatives

Global Counsel senior associate Marissa Lee:

 "The decision to ramp up the carbon tax more quickly while allowing for offsets as a means for reducing tax liability is a bold one, and will certainly help to catalyse a shift to clean energy. Singapore's original plan to gradually raise the tax to S$10-S$15 a tonne by 2030 would have been insufficient to achieve the 2015 Paris Agreement's main goal of limiting warming to 2 deg Celsius. Importantly, the government has signalled that Singapore's carbon tax could be raised to S$50-S$80 per tonne by 2030. The IMF (International Monetary Fund) has previously said that advanced economies should strive for a carbon price floor of US$75 per tonne by 2030."

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