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Mensuel de février 2013 - Fonds/Bourse

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Family Offices: a newly regulated activity in Luxembourg
By André Hoffmann and Pit Reckinger, Elvinger, Hoss Prussen*   By a law of 21st December 2012 relating to the activity of Family Office(1) (the “Family Office Law”), Luxembourg created a legal framework for Family Offices by regulating a certain type of “Family Office activity” and reserving the provision of those services to a limited number of regulated professionals.   While recognising that it is not possible to give a universal definition of the “Family Office activity” (which comprises a large spectrum of services (ranging from simple concierge type services to regulated investment management services)) and while admitting the difficulty to define the concept of “family” (which has different scopes depending on jurisdiction and nationality and...
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