In jurisdictions following the Englishcommon law, equity is the set of maxims that "reign over all the law" and "from which flow all civil laws". The Chancery, the office of equity, was the "office that issued the writs that were the foundation of the common law system". Equity is wholly "unaffected by any state laws” (Pomeroy) and is "everything, even without law".
Equity is commonly said to "mitigate the rigour of common law", allowing courts to use their discretion and apply justice in accordance with natural law. In practice, modern equity is limited by substantive and procedural rules, and English and Australian legal writers tend to focus on technical aspects of equity. Twelve "vague ethical statements", known as the maxims of equity, guide the application of equity, and an additional five can be added.
A historical criticism of equity while it developed was that it lacked fixed rules, with the Lord Chancellor occasionally judging in the main according to his conscience. The rules of equity later lost much of their flexibility, and from the 17th century onwards, equity was rapidly consolidated into a system of precedents (or case law) much like its common-law cousin.
Equity or economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics. More specifically, it may refer to equal life chances regardless of identity, to provide all citizens with a basic and equal minimum of income, goods, and services or to increase funds and commitment for redistribution.
Inequality and inequities have significantly increased in recent decades, possibly driven by the worldwide economic processes of globalisation, economic liberalisation and integration. This has led to states ‘lagging behind’ on headline goals such as the Millennium Development Goals (MDGs) and different levels of inequity between states have been argued to have played a role in the impact of the global economic crisis of 2008–2009.
Equity is based on the idea of moral equality. Equity looks at the distribution of capital, goods and access to services throughout an economy and is often measured using tools such as the Gini index. Equity may be distinguished from economic efficiency in overall evaluation of social welfare. Although 'equity' has broader uses, it may be posed as a counterpart to economic inequality in yielding a "good" distribution of wealth. It has been studied in experimental economics as inequity aversion. Low levels of equity are associated with life chances based on inherited wealth, social exclusion and the resulting poor access to basic services and intergenerational poverty resulting in a negative effect on growth, financial instability, crime and increasing political instability.
KKR could retain a stake in the merged entity, one of the people added, asking not to be named because the talks are private ... Mediawan was founded in 2015 by TV producer Pierre-Antoine Capton, telecoms billionaire Xavier Niel and dealmaker Matthieu Pigasse. KKR and private equity group AtwaterCapital also hold minority stakes in Mediawan ... Read Next.
Nov 21 (Reuters) - A private equity consortium including Permira and Blackstone (BX.N) on Tuesday said they plan to acquire eBay-backed online classifieds group Adevinta ASA (ADEA.OL) for about 141 billion Norwegian crowns ($13.1 billion), in one of Europe's biggest buyouts this year.
dealmakers, BluWave predicts the private equity market has bottomed in 2023 and will enter a new growth cycle in 2024 ...Private equity deals completed in 2023 and the first half of 2024 will yield the best returns over the next five-to-eight-year deal cycle, capitalizing on the ...
“And that’s where I think philanthropic private equity can play a big role.”. The rise of philanthropic private equity and how it works ... A private equity veteran’s “lightbulb moment” ... A former dealmaker at private equity giant Advent International, Davis knows the space like the back of his hand.
NEW YORK, Nov 8 (Reuters) - Goldman Sachs (GS.N) expects dealmaking activity to stay subdued in the medium term as macroeconomic conditions weigh on private equity transactions, an executive said on Wednesday ... Equity markets are feeling confident after the latest Federal Reserve meeting, he said.
The 2024 GlobalPrivate Equity Outlook provides a view into what�dealmakers need to know as they harvest their holdings and kickstart capital raising to sustain their investment cycles ... "Despite a decline in fundraising and dealmaking coupled with debt becoming costlier and scarcer, private equity marches forward.
31, 2023 (GLOBE NEWSWIRE) -- Blackford Capital, a leading lower middle market private equity firm, today announced it has been named to Inc.’s 2023 list of Founder-Friendly Investors ... entrepreneurs who have sold to private equity and venture capital firms.
And yet Deutsche Bank’s return on tangible equity came in at just 7 percent, against a 10 percent target set for 2025 ... The so-called origination and advisory business — which works on deals and raises debt and equity finance — displayed a healthy rebound ... equity was 9 percent.
The report identifies four key near-term drivers of dealmaking activity.Abundant Dry Powder. In the near term, major support for dealmaking will come from the abundance of available capital held by sovereign wealth funds, private equity and venture capital investors, and some large companies.Converging Price Expectations.
BluWave, the business builders’ platform that connects the private equity industry with best-in-class talent, industry consultants and service providers, today released its latest quarterly analysis, providing a forward-looking perspective into how U.S. dealmakers are positioning their portfolios over the next six to 18 months.
Blackstone fell short of expectations in the third quarter amid a decline in profits from asset sales and amid investors’ caution over committing money to private equity funds ... Investors have become wary about funding private equity firms.
MUMBAI, Oct 17 (Reuters) - Indian financial services firm Avendus will start offering investment banking services from Singapore to cash in on an expected technology sector dealmaking boom in the Southeast Asia region ... private equity giant KKR, Avendus is best known in India for ...