How the implementation of AIFMD in Belgian law will affect private equity transactions
On 10 March 2014, the draft law implementing the Alternative Investment Funds Managers Directive 2011/61/EU (AIFMD) was submitted to Belgian parliament (the AIFMD Law). The final AIFMD Law is expect to become effective in the second quarter of this year. The legislative process is unlikely to result in any significant changes to the draft AIFMD Law.
Articles 76–83 of the AIFMD Law will impose obligations on large alternative investment fund managers (AIFMs) managing one or more alternative investment funds (AIFs) that acquire major holdings in or control of certain types of portfolio companies…
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