The September edition of Baker & McKenzie's Hotels, Resorts & Tourism Newsletter explores the hotel sale process from both the seller's and buyer's perspectives. This article is based upon the experience we have acquired in achieving successful outcomes in a complex hotel transaction for both sellers and buyers. This edition looks at the transaction from the seller's side. Next month, we will discuss the view from the buyer's side.

These are weekly summaries of local automotive news highlights for the month.

This alert discuss a new regulation allowing commercial banks to establish joint ventures with real estate developers for the purpose of developing the bank's non-peforming assets (NPA).

The attached alert, sets out the current state of the proposed private fund reforms in the EU, the recently adopted private fund regulatory reforms in the US, and explores their impact on fund managers in Asia and Australia.

The release of the Building Energy Efficiency Disclosure Regulations 2010 (Regulations), together with a number of ministerial determinations in July 2010, has now confirmed several key elements in respect of the Commercial Building Energy Disclosure Scheme (the Scheme). The client alert summarises what owners of "Disclosure Affected" buildings should do to comply with the Scheme, what buildings are covered by the Scheme as well as the announced one-off bonus tax deduction for green buildings.

On 1 July 2010, the Ukrainian Parliament passed the Law of Ukraine On Public-Private Partnership (the "Law"). The Law will become effective upon the signing thereof by the President of Ukraine and upon the subsequent publication of the same.

On 25 June 2010, the Hong Kong Securities and Futures Commission (SFC) released its Consultation Conclusions on the proposal to extend the application of the Codes on Takeovers and Mergers and Share Repurchases to SFC-authorised REITS and related amendments following a two month consultation with market participants.

This webinar series will be led by key speakers at Associated Law Advisors in New Delhi and will give participants an understanding of the key legal, tax and regulatory compliance issues of relevance to institutional investing in India.

This webinar session will give participants an understanding of the key legal, tax and regulatory compliance issues of relevance to institutional investing in India.

The Global Institutional Webinar Series: "A Focus on India (Session 1): Pension Funds" will be led by key speakers from Associated Law Advisors in New Delhi and will give participants an understanding of the key legal, tax and regulatory compliance issues of relevance to institutional investing in India.

The Hiring Incentives to Restore Employment Act of 2010 (HIRE Act) was signed into law by President Obama on Thursday, 18 March 2010. As its title suggests, the HIRE Act is primarily aimed at helping businesses hire and retain new employees by providing them with tax incentives; however, to offset the projected revenue loss from these incentives, the provisions of the Foreign Account Tax Compliance Act (FATCA) are included in the HIRE Act. Consequently, the HIRE Act will have a substantial impact on virtually all non-US financial service organizations (including banks, insurance companies and investment funds), as well as other business entities that have a financial services arm connected with them.

A 60-minute webinar focusing on the implications of the recent HIRE Act on Voluntary Disclosure Practitioners and their Clients. The call was hosted by Duane Webber and Kathleen Agbayani, Baker & McKenzie LLP Washington, DC and took place on 24 May 2010.

Baker & McKenzie writes the Global Climate Change Law Guide, the world’s first guide to climate change law in countries across the globe.

Baker & McKenzie team acts for Asian Coast Development (Canada) Ltd. on USD4.3 billion resort project in southern Vietnam.

This alert summarizes Schedules 9 and 10 of the Tax Laws Amendment Act 2007, which contains changes to the taxation of Australian resident trusts. The changes are important for the property industry as trusts continue to be the investment vehicle of choice for Australian real estate where an Australian holding vehicle is required. This newsletter is prepared by John Walker who is a Partner in our Sydney office.