Investment Management

Articles - What does the fund registration process involve, e.g., what documents are required to be filed? What are the consequences for failing to register a fund that is required to be registered in Dutch jurisdiction? Or, What are the types of entities that can be public funds in your jurisdiction?

Articles - Claire-Marie Darnand, Victorien Hémery, Johan Léonard, Tom Storck, Benjamin Marthoz, Audrey Jarreton and François Bernard have all contributed to the 2020 Chambers and Partners Real Estate Global Practice Guide, providing the Luxembourg chapter. 

Short Reads - The COVID-19 pandemic has a significant and immediate adverse effect on many companies in different industries. Many PE portfolio companies are particularly vulnerable given the typical high leverage finance structure and inherent need to maintain cash flow. To meet these challenges and mitigate liability risks, management and owners may need to take clear and immediate action (and refrain from certain other actions) in the interest of all stakeholders. The following sets out some key legal guidelines for management and owners when dealing with a Dutch subsidiary in distress.

Articles - On 1 January 2020, the mandatory provisions of the Code for Companies and Associations or "BCAC" entered into force. This article provides an overview of the main characteristics of the most commonly used unregulated real estate vehicles in Belgium (the regulated real estate vehicles are part of a separate publication that will be published shortly). It does not intend to provide a complete overview of all unregulated investment vehicles available, but it does give insight into the main characteristics of the most commonly used investment vehicles in Belgium.

Short Reads - Alike other European countries, Luxembourg has adopted, in the context of the Covid-19 state of crisis (18 March – 24 June 2020) (the State of Crisis), a set of rules introducing temporary measures providing for, among others, an extension with respect to deadlines for filing and publication requirements of annual accounts, consolidated accounts and the related reports (the Financial Data) imposed on commercial companies and entities regulated and subject to specific regulatory reporting requirements.

Seminar - The global COVID-19 crisis poses major challenges to many companies, their shareholders and financiers. On Thursday 23 April 2020 from 13.30 to 14.30 (CEST) Stibbe organizes a webinar on restructuring of corporate finance and distressed M&A. Stibbe partners Job van Hooff (Insolvency & Restructuring), Reinout de Boer (Tax) and Duco de Boer (Corporate | M&A) will discuss important issues and developments.

Short Reads - Luxembourg adopted a Grand-Ducal Regulation on March 20th, 2020 introducing emergency measures relating to the holding of meetings in companies and other legal entities. The relevant provisions, which are effective immediately, pertain to general meetings of shareholders and to other deliberating bodies of companies.

Inside Stibbe - Luxembourg, 17 January 2020 – Stibbe reinforces its corporate & finance and asset management/funds practices in Luxembourg with the hire of Bernard Beerens (corporate partner), Audrey Jarreton (banking and finance counsel), Edouard d’Anterroches (investment funds partner), Victorien Hémery (investment funds partner), and Dayana Bert (investment funds counsel). Their arrival comes after the recent hire of tax partner Johan Léonard. All of these new additions demonstrate the firm’s commitment to expanding Stibbe’s service offering in Luxembourg.