UK:
Recent Changes To The German Regulatory Situation For Debt Funds
19 April 2016
Reed Smith (Worldwide)
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Pursuant to recent legislative changes, certain investment funds
are now entitled under certain conditions to originate or
restructure loans in Germany without the need to obtain a banking
licence for lending. Due to the legislative changes, it is now
easier to originate or restructure third party loans for certain
types of German alternative investment funds (AIFs), and various
types of German funds now have broad possibilities to grant
shareholder loans or to acquire loans. For EU AIFs, it is now
generally easier to originate or restructure loans in Germany. Even
foreign (i.e. non-EU) funds may now grant or restructure loans in
Germany, but subject to much stricter requirements than those for
EU AIFs. This Reed Smith alert sets out an overview of the changes
and the updated situation.
To read the entire Reed Smith Client Alert, please
click here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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