Last Friday, November 29, 2013, the German legislator eventually agreed on the Act Amending the German Investment Tax Act and Other Acts (AIFM Tax Amendment Act, or “GITA–AIFM“). A period of unease and uncertainty for German investors in foreign investment funds ... (more)
Under the German AIFM implementation law of the KAGB a AIF is a closed-ended fund if no redemption right is granted on a yearly basis. ESMA now states in its draft that every redemption right makes a fund an open-ended ... (more)
Luxembourg seeks to compete against London for private equity: Luxembourg is an international leader as a center for UCIT funds. With its implementation of the AIFMD, the Grand Duchy of Luxembourg is also striving to become a leader for alternatives ... (more)
