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By Mélody BRUNOT, Counsel and Aziza GILIJOVA, Legal Advisor, DLA Piper Luxembourg
Over the years, Luxembourg has positioned itself as a structuring hub and an attractive jurisdiction for investors to set up co-investments and joint venture vehicles. In this context, it is usual for shareholders to ask to be granted the right to nominate candidates to the management body of such vehicles to easily access to information on the daily operations of these vehicles and their underlying assets.
Shareholders will commonly expect their representatives in the management body to disclose information they have had access to as part of their management duties, the extent of which is typically contractually agreed between the shareholders and the relevant...
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