US — AIFMD: what does it mean for you and the future of offshore funds?
The alternative investment fund managers directive (AIFMD) is a framework to govern the alternative asset management industry in the European Economic Area (EEA). AIFMD aims to increase investor protection and regulate alternative investment fund managers.
Alternative investment fund managers comprise fund managers conducting portfolio and/or risk management of alternative investment funds.
Alternative investment funds include open- or closed-ended collective investments of any asset class: hedge, private equity venture capital, real estate and infrastructure…
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News from Mourant Ozannes
Briefings from Mourant Ozannes
Jersey Court of Appeal confirms rights of non-trustee fiduciaries to an indemnity out of the trust fund
On appeal from the Royal Court, the Jersey Court of Appeal held that a fiduciary in relation to a trust had an identical right of indemnity in equity out of the trust fund as a trustee.
The interpleader proceedings in Guernsey are dealing with substantial assets claimed to be the proceeds of a fraud alleged against Nikolai Battoo and the BC Capital Group.