|
By Jamal Afakir, Partner, ATOZ Pierre-Régis Dukmedjian, Tax Director, ATOZ
While Luxembourg is one of the privileged hubs for hedge funds and Private Equity Real Estate (hereafter “PERE”) funds in structuring their investments, the most favoured structure for the PE/PERE or hedge funds industries remains the Anglo-Saxon limited partnership, due to its great legal flexibility and to its tax transparency. The absence of corresponding vehicle under Luxembourg law is about to be solved. The bill dated August 24, 2012 (hereafter the “Bill”), implementing the Alternative Investment Fund Managers Directive (hereafter the “AIFMD”), introduces a new investment vehicle allowing the fund management industry to continue using limited partnerships in a post AIFMD...
|