The Securities and Futures (Amendment) Ordinance 2016 (“the Amendment Ordinance”) initiates a new form of company called “Open-ended Fund Company” (“OFC”) in Hong Kong. The Amendment Ordinance has begun operation on 30 July 2018. An open-ended fund company (OFC) is...
Luxembourg has continued to improve its strong status as an International Center of excellence for a large variety of investment funds. The legal and regulatory framework is continually being improved to give the best tools for investment managers to structure their...
In 2003, the People's Republic of China Securities Investment Funds Law (PRC Fund Law) was promulgated, effective 1 June 2004. However, the 2004 PRC Fund Law regulated solely publicly-offered funds, leaving private funds in regulatory limbo. After nine years, on...
Luxembourg is one of the smallest countries in the world, but also one of the wealthiest. And it could be the gateway for Chinese investors in Europe, as it is the hub for financial institutions operating on a cross-border basis in the European market, with more than...
On 23 July 2016, Luxembourg adopted legislation establishing a new type of fund vehicle, the Luxembourg Reserved Alternative Investment Fund (RAIF), developed for well-informed investors and offering much terrific speed to market than the existing specialized...
Damalion has launched a new online guide about the RAIF (reserved alternative investment fund). The Luxembourg RAIF belongs to the family of unregulated investment funds. The RAIF is subject to the Luxembourg Law of 23 July 2016 (the RAIF Law) and the AIFM law...
More than EUR 4,7 trillion is now under administration in Luxembourg as a global fund center, the second-biggest investment fund center in assets under management behind the United States and Europe's largest fund domicile. This story's success is primarily based on...
The realm of opportunity has widened for all non-EU managers under AIFMD. They've gained access to EU institutional investors. Apart from the private placement regime and access funds, many new choices have presented themselves. Namely, the Luxembourg parallel...
Damalion has launched a new guide about the Luxembourg securitization vehicles in order to help investors discover what makes Luxembourg securitization one of the most attractive field of opportunities in terms of investment structuring. Whether it deals with private...
Luxembourg tax authorities have issued a circular issued on 9 January 2015 that clarifies the tax status of income earned by Luxembourg limited partnerships (LP). The Circular implements the AIFM Directive (AIFMD) into Luxembourg law, and by doing so, it creates the...
