|
23rd of March saw a gathering of senior investment fund professionals at the Systemic event entitled “Directors' liability and their evolving role in managing and mitigating risk”, held in the Novotel, Kirchberg. The first speaker to the podium was Monique Bachner, founding partner of Bachner Legal, well-known from her role on the board of the Institut luxembourgeois des administrateurs, who outlined the responsibilities of a director of a Luxembourg entity.
She highlighted how these responsibilities had changed with AIFMD implementation mentioning that this transition had been less dramatic in Luxembourg than some EU states such as the UK because of the well-established Ucits framework. Bachner outlined that in her view the most common offences sanctioned by the CSSF...
|