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Luxembourg

Fieldfisher opens second European office in two months

Fieldfisher has opened its second European office in as many months, launching new operations in Luxembourg through a lateral hire. The office will be focused on finance and funds, with the firm hiring Ingrid Dubourdieu as its managing partner for the country. She joins from local firm D Law, where she has been a partner […]

Analysis

Featured Briefings

Luxembourg specialised investment funds plus certain AIFMD aspects

Investment funds subject to the law of 13 February 2007 on specialised investment funds (as amended, the SIF Law) have proven to be a highly successful alternative investment vehicle. Combining Luxembourg’s extensive know-how in fund regulation with the ability to invest in alternative assets, specialised investment funds (SIFs) have been at the forefront of regulated alternative […]

Retrospective effect of financial claims regarding industry-wide regulations

Financial claims regarding mandatory industry-wide regulations in the Netherlands can have a retrospective effect of many years. For instance, an employee can file a claim against his employer for registration at an industry-wide pension fund and payment of pension-premiums with retrospective effect of 20 years. The same employee can also file a claim for pension […]

Upper Tribunal in favour of the Pensions Regulator

By Chris Edwards-­Earl and Ian J Gordon In ITV PLC and orsv The Pensions Regulator with Box Clever Trustees Ltd as an Interested Party: [2018] UKUT 0164 (TCC), the issue before the tribunal was that ITV argued that the regulator did not have jurisdiction to issue the FSDs because…

Mozambique: Repatriation of revenue from exports

By Natércia Sitoe and Edneuza Massingue In the context of yet another reform of the regulations under the Exchange Law, notice 4/GBM/2018 of 13 April, which was approved by Banco de Moçambique, was published recently. This Notice arises out of what was established by the revision of the regulations of the Exchange Law introduced by Decree […]

Metro rail seen travelling accross the Dom Luis I bridge that lies over river Douro in Porto city. This is a popular tourist destination and declared a UNESCO world heritage site. The cityscape seen on above and below the bridge.

Why Portugal is becoming attractive to business

By Tiago Marreiros Moreira and João Riscado Rapoula Increased competitiveness and a more business-friendly environment are putting Portugal firmly on the radar for investors and high-achievers…

Portuguese fund to support iInvestment in Mozambique

The Portuguese Fund to Support Investment in Mozambique was created by Decree no. 42/2010 of 30 April and the Management Regulations of this fund were approved by Ministerial Order no. 815/2010 of 30 August (and amended by Ministerial Order no. 76-A/2014 of 24 March). The objective of this new Fund is to promote investment in […]

Update on EC proposals to amend UCITS, AIFMD, EuVECA and ELTIF to facilitate cross-border distribution

On 12 March 2018, the European Commission issued a proposal for a new regulation (the Regulation) and a new directive (the Directive) concerning the cross-border distribution of collective investment funds amending inter alia UCITS (the UCITS Directive), AIFMD, EuVECA and EuSEF (the Proposals). Please find below a summary of the main changes under the Proposals. What will change under the Proposals?

Getting the Deal Through: Fund Management 2018, Luxembourg edition

Fund Management traces the regulatory and legislative obligations facing fund managers balancing the need to maximise investment returns whilst also ensuring adequate investor protections in an increasingly challenging regulatory environment. Topics are written by leading experts and include: authorities responsible for fund regulation; licensing processes; territorial scope of regulation; required authorisations of fund marketing activities; […]

Can Islamic finance solve Kazakhstan renewable energy growth problems?

By Shaimerden Chikanayev So far, the largest wind and solar projects developed in Kazakhstan (eg the Yereymentau wind farm in north-central Kazakhstan and the Burnoye solar power plant in southern Kazakhstan) have been financed by Kazakh state companies and international development banks. One may argue that as long as commercial lenders and investors (ie lenders and institutional […]

Investing in Sao Tome and Principe

To promote private-sector growth and to improve the business environment in the country, São Tomé and Príncipe has implemented a series of legislative measures that establish favourable conditions for foreign investment. The main measures adopted that are of particular interest to investors include approval of the new São Tomé and Príncipe Investment Code and the […]

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