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By Me Marcus Peter, Partner Bonn Schmitt
Luxembourg has been well known as a leading investment fund center for the last 20 years. It has taken and continues to take progressive efforts towards achieving and maintaining this status. Until recently, Luxembourg’s notoriety in this area mostly applied to mutual investment funds investing in transferable securities (UCITS), whilst the alternative investment funds (“AIF”) sector had not yet begun to fully exploit its potential.
The introduction of relatively short but clear and advantageous legislation pertaining to risk capital investment company in 2004 (“SICAR”) and specialised investment funds in 2007 (“SIF”) did, however, help to establish a strong basis to create flexible regulated...
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