Cross-border fund distribution in the UK: what will it look like post-Brexit?

After the transition period concludes on 31 December 2020 following the United Kingdom’s (UK) departure from the European Union (EU) and the European Economic Area (EEA), asset managers distributing undertakings for collective investments in transferable securities (UCITS) and alternative investment funds (AIFs) in the UK can expect major changes and a new fra […]

Brexit: understanding the transition period

On 31 January 2020, following the formal adoption of the withdrawal agreement, the UK officially left the European Union. Now begins the transition period outlined in the Brexit deal, which provides details on how the UK’s exit will unfold. For example, it states that no UK representative can participate in any EU institution, agency or body. It further declar […]

New Luxembourg law protects fund sector from Brexit

On 28 March 2019, the Chamber of Deputies passed a law that grants investment funds a one-year delay in which to solve breaches of investment rules and EU passporting issues that would result from a “hard” or “no-deal” Brexit. The main objective of this law is to maintain market stability and protect investors from negative Brexit-related consequences. […]

Brexit and asset management: the Luxembourg transfer pricing perspective

The asset management industry in the United Kingdom is the one of the biggest in the world, while Luxembourg is often cited as a key jurisdiction for asset management too, being the largest fund domicile in the EU. At present, although the Brexit negotiations between the UK and EU seem to be at a standstill, many leading asset management firms are planning fo […]

What does Brexit mean for personal data under GDPR

As the uncertainty around Brexit continues, questions remain about the future of personal data. What precautions must be taken before sending data to the UK? With firms still adjusting to the GDPR, planning for data transfers following Brexit presents yet another challenge. In this article we will look at what to do if the withdrawal agreement is passed, and if […]

We asked European family businesses what their top priorities are

The latest European Family Business Barometer has recently been released, revealing that family businesses are optimistic and are preparing for further growth. For many, the next step is the delicate and crucial operation of scaling up their operations. Additionally, European family businesses preparing to do business on the world stage will have to factor in […]