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Practical Insights on Luxembourg Alternative Investment Funds (AIFs)
> Organisers
> When and where?
On May 9th, 2018 at 9:00 in Osborne Clarke's premises in London
Sedlo Law Firm, Osborne Clarke UK, European Fund Administration (EFA), ATOZ Tax Advisers and Nomura Luxembourg will be joining forces for a morning session exploring key aspects of Luxembourg AIFs and focussing on the practical issues that UK asset managers, lawyers, GPs and LPs need to understand if establishing or investing in a Luxembourg AIF.
Together, we will present an overview of Luxembourg AIFs and the role parties involved play in all aspects of Luxembourg AIFs. We will also offer practical insights on the structuring and the creation of Luxembourg AIFs and different aspects of how they work.
The speakers include Luxembourg lawyers, fund administrators, fund depository representatives and alternative investment fund managers (AIFMs). Osborne Clarke UK will highlight the regulatory and tax provisions that need to be taken into account by UK managers using Luxembourg funds and by UK investors when investing into Luxembourg funds.
The conference will be followed by lunch and the speakers will be available for questions and one to one discussion.
We hope that you can join us.
> Registration
The event is free of charge
You are welcome to forward this invitation to colleagues who might be interested in participating. The number of participants per company is unlimited.
Programme
8:30 I Registration and welcome coffee
9:00 I Brief introduction
9:10 I Luxembourg AIFs: Luxembourg legal particularities
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Main practical features and advantages of successful Luxembourg unregulated AIFs: the SOPARFI, the Special Limited Partnership (“SCSp”) and the RAIF.
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The Specialised Investment Fund: more than 10 years of success! Main legal aspects to take into account when setting-up a SIF
Speaker :
Adrian Sedlo, Managing Partner, Sedlo Law Firm, Luxembourg
09:45 I UK regulatory and tax issues relating to Luxembourg AIFs and a comparison to UK AIFs
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Comparative legal analysis of Luxembourg Limited Partnerships (LPs) and UK LPs
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Practical differences between Luxembourg LPs and UK LPs - including costs, set up times, investor preferences and regulation
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Tax issues for UK investors investing into a Luxembourg AIF, and for UK managers/advisers looking to set up a Luxembourg AIF
Speakers :
Helen Parsonage, Partner, Osborne Clarke LLP, London
> helen.parsonage@osborneclarke.com
Erika Jupe, Partner, Osborne Clarke LLP, Bristol
> erika.jupe@osborneclarke.com
10:20 I Luxembourg Third-Party AIFMs
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Due-diligence on the asset manager and other delegates before acceptance of the mandate
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Which aspects are considered in a pricing proposal?
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Substance and regulatory expectations
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No-Gos
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Important insights on the course of the activity
Speaker :
Sacha Reverdiau, Conducting Officer and Risk Manager, Global Funds Management S.A. - Nomura Group, Luxembourg
> sacha.reverdiau@lu.nomura.com
10:55 I Coffee break
11:10 I Structuring Luxembourg AIFs in the post-BEPS era
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Typical Luxembourg investment structures
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Considerations regarding the impact of the OECD Base Erosion and Profit Shifting («BEPS») Project
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Substance requirements
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Transfer pricing aspects
Speaker :
Oliver R. Hoor, Partner Tax and Head of Transfer Pricing, ATOZ Tax Advisers, Luxembourg
11:45 | Luxembourg fund administrators
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EFA client acceptance committee: What are the key items EFA is looking at
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Business case/ product pricing assessment: what are the criteria that may impact EFA’s service proposal
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Important insights on the course of the activity (from pre-assessment to on-boarding)
Speaker :
Jeffrey Nadal, Head of Business Development, European Fund Administration, Luxembourg
12:20 I Luxembourg depositaries
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Role of the depositary bank
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Client acceptance process
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Link between Depositary and Fund Administrator
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No-Gos
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Important insights on the course of the activity
Speaker :
Fabien Got, Senior Manager - Depositary Banking Business Promotion and Planning, Nomura Bank (Luxembourg) S.A., Luxembourg
13:00 I Questions & Discussion
Afterwards walking lunch
Following our event, the speakers will be available for questions and one-to-one discussions until around 14:30. You are welcome to contact the guest speakers in advance by e-mail and arrange an appointment without any obligation.