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By Virginie Gonella, Managing Associate – Ogier
Almost six months following the publication on the Luxembourg Parliament’s website of the bill of law n°6929 on reserved alternative investment funds (RAIFs), the funds industry is looking forward to the updated version of the bill of law, which was initially planned for enactment during the first semester of 2016.
Although the Council of State pointed out that “it understands the usefulness and even the need for reform due to the unintended consequences of the law of 12 July 2013 on alternative investment fund managers” (the AIFM Law), three formal oppositions to the bill of law were raised by the Council of State in its opinion of 8 March 2016, leading to amendments and redraft of the bill by the...
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