The Legal 500


Luxembourg > Investment funds


Index of tables

  1. Investment funds
  2. Leading individuals

Leading individuals

  1. 1

Allen & Overy Luxembourg advises on both UCITS and alternative funds for big-name clients such as BNP Paribas, Morgan Stanley and the European Investment Fund, recently assisting the latter with establishing the Dutch Venture Initiative, a Luxembourg SICAR fund investing in Dutch hi-tech SMEs. Lead practitioners Jean-Christian Six and Pierre Schleimer are very experienced.

Arendt & Medernach has a ‘leading’ team of some 17 partners, with ‘deep knowledge of the technical issues’ and ‘strong relationships with the regulator’. Leading individual Claude Kremer heads the practice, and works alongside the ‘commercial’ Michèle Eisenhuth, Francis Kass and Claude Niedner, among others. Clients range from start-ups to major asset managers.

Clifford Chancealways can be relied upon’. Practice head and ‘alternative fund guru’ Joëlle Hauser is ‘outstanding’, has ‘excellent industry knowledge’, ‘understands the market’, and leads a large team of senior counsels and associates. The firm is a regular on headline transactions, recently acting for key client Credit Suisse on the sale of its ETF business to BlackRock.

Clients of Elvinger, Hoss & Prussen include leading international asset managers and financial institutions. The firm is ‘proactive in exploring new legal forms’, and recently advised Grameen Crédit Agricole Microfinance Foundation on a landmark specialised investment fund incorporated as a co-operative and organised as a public limited company. Among the team of 12 partners and counsel are Jacques Elvinger, Jérôme Wigny and the ‘hands-on’ Frédérique Lifrange.

Linklaters LLP has ‘great knowledge and experience in the field’ and is ‘quick at turning around questions’. Individuals highlighted for praise include Hermann Beythan, who ‘easily understands the issues’ and ‘gives good, hands-on advice’, and Freddy Brausch, an ‘expert in the investment funds industry’ who has ‘clear opinions’. The firm advised Invesco on the set-up of a €1bn-target fund for Asian real estate investment. Emmanuel-Frédéric Henrion is also recommended.

The ‘very goodBonn & Schmitt boasts an impressive market share of domiciled funds, and both Marcus Peter and senior counsel Corinne Philippe have a solid track record advising in relation to UCITS and alternative funds. The firm established a new fund for EQT, and acted for Carnegie on the creation of a €100m fund for Swedish investors.

Bonn Steichen & Partners is a significant player, advising well-known asset management companies and financial institutions on high-value and complex funds and transactions; recent examples include a €500m target private debt fund, acting for promoter Rothschild. Lead partner Luc Courtois is very experienced.

Dechert Luxembourgconsistently provides the best service’, and Antonios Nezeritis is ‘particularly good’; he is one of three expert investment funds partners, the others being the widely respected Patrick Goebel and Marc Seimetz. Clients include Wells Fargo (Lux) Worldwide Fund.

Loyens & Loeff’s ‘good-quality funds team’ has recognised expertise in UCITS and an expanding alternative funds practice, acting for internationally known players. The ‘excellent’ Thibaut Partsch led advice to Vallis Capital Partners on incorporating a €700m fund for investment in Portugal’s construction industry. Marc Meyers is ‘very client-oriented’.

Baker & McKenzie has attracted global asset managers, banks and fund service providers as clients. Recent work includes establishing a UCITS fund for a French asset manager. Laurent Fessmann provides ‘concise, commercial and practical advice without delay’.

Name partners Rémi Chevalier and Olivier Sciales at Chevalier & Sciales specialise in all aspects of funds work, demonstrating ‘a deep understanding of Luxembourg law in investment funds’ and providing an ‘excellent’ service with ‘high attention to detail’. Work included the creation of the Cambodia-Laos Development Fund SIF SICAV, possibly the first private equity fund investing in SMEs in the two African countries.

Kleyr Grasso’ Rina Breininger and Patrick Chantrain advise on both regulated and unregulated funds, particularly within the private equity and hedge fund industry. Highlights included advising Mitsubishi UFJ Global Custody on a new Luxembourg umbrella fund.

MNKS was boosted by the hire of new practice head Max Welbes and his team from Luther. Recent work includes advising a fund management company on the reorganisation of a private equity fund as an umbrella SICAR, a mandate won following competitive tender.

NautaDutilh has undergone a team restructuring following the departure of key partner Pierre Reuter to Hogan Lovells (Luxembourg) LLP; managing partner Josée Weydert now leads the practice. Senior associate Jean-Florent Richard has a ‘strong, problem-solving approach’. Clients include the Fine Art Fund Group.

Wildgen, Partners in Law represents domestic and foreign investors and financial services institutions. Practice head Samia Rabia led advice to Moor Park Capital Partners on the acquisition of a €1bn UK hospital portfolio via several funds established in Luxembourg. The service provided is ‘excellent’.

CMS has a steady practice under Vivian Walry, who ‘tries to find a way to make things work that at the beginning seem impossible’. The firm advises funds and investors on regulatory matters and fund set-ups, among other areas; clients include a Polish financial institution and a UCITS management company.

New entrant Hogan Lovells (Luxembourg) LLP already has a following among funds, thanks to the standing of practice head Pierre Reuter in the market. The firm acted for Pareto Forvaltning on the launch of one of the first UCITS master-feeder structures.

King & Wood Mallesons SJ Berwin is building a funds practice that is ‘robust, responsive and well priced’. Clients include some major players in the industry. Alexandrine Armstrong-Cerfontaine has ‘very good knowledge of fund regulation and set-up issues’.

Jeannette Vaude-Perrin now heads the practice at Luther, following the departure of Max Welbes and some associates to MNKS. Vaude-Perrin joined from leading firm Arendt & Medernach and is ‘Luxembourg’s best-kept secret’, with ‘an excellent track record and real experience in fund structuring and cross-border financing’.

Michel Molitor heads a cross-disciplinary team at Molitor Avocats à la Cour, which ‘performs as well as or better than many other big law firms’. Recent client gains include a domestic private bank.

The experienced Ezechiel Havrenne heads the practice at OPF Partners, with strong support from the firm’s corporate and tax partners. Havrenne joined the firm from Loyens & Loeff. CVC Capital Partners and GI Partners are clients.

Offshore firm Ogier has made its presence felt in its first year in the jurisdiction. The firm is gaining notable market share under the leadership of François Pfister.

Speechly Bircham’s David Louis is building a solid practice in the alternative investments market, and ‘makes the most difficult concepts easier to understand’ as well as showing ‘strong drive and commitment to deliver’. The firm recently established a SIF for a big-name fund.

Vandenbulke set up a new fund for a boutique Spanish management company, and is a regular adviser to a UK real estate investment and asset management company on matters throughout Europe. Denis Van Den Bulke and Laurence Jacques are recommended.

Newly established firm Deynecourt comprises the bulk of the funds team from Rutsaert Legal. The ‘expert boutique law firm’ is led by Pierre de Backer, who has ‘detailed knowledge of both the law and current industry issues’. Clients include Rothschild Bank, Pictet & Cie, and All Seasons Capital Management.

Linari Law Firm has a focused practice under Vincent Linari-Pierron, punching above its weight in advising a mix of international companies and funds. The service is ‘just perfect’.

Boutique firm M Partners’ five-lawyer team is led by the internationally experienced Vanessa Molloy, who is noted for her alternative investment fund expertise. The practice recently advised on the set-up of funds ranging in value between €5m-€100m.

SJL | Sedlo Jimenez Lunz acted for Blackstone on setting up and structuring a specialised fund investing in a portfolio of €2.2bn infrastructure loans. Former partner Christophe Clément recently founded Clément & Avocats.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Luxembourg for Investment funds

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Arendt helped a major Chinese bank to enter the European fund market

    Arendt helped a major Chinese bank to enter the European fund market by launching its proprietary Luxembourg R-QFII UCITS luxembourg_newsflash_-_arendt_helped_a_major_chinese_bank
  • Investments in China A-Shares via Stock Connect, acceptable in principle under UCITS

    Arendt & Medernach is delighted to inform you that, further to discussions with the Luxembourg Commission de Surveillance du Secteur Financier (the "CSSF"), we have obtained the confirmation that the CSSF has no objections to UCITS investing in China A-Shares using the Hong Kong - Shanghai Stock Connect platform. Specific conditions will however apply for each applicant and approvals will be granted on a case-by-case basis. newsflash_-_investments_in_china_a-shares_via_stock_connect
  • ESMA consults on depositary requirements under UCITS V

    The European Securities and Markets Authority has issued a consultation paper seeking feedback from asset management industry members on its draft advice to the European Commission regarding depositary requirements under the forthcoming UCITS V directive. The paper has been drawn up in response to a provisional request from the Commission on July 3 seeking technical advice on the content of two delegated acts on depositaries that the Commission is called on to issue to complement the primary UCITS V legislative text.
  • Tax Update - October 2014

    Our quarterly tax update is dedicated to the main changes which have occurred over the last 3 months with regard to Luxembourg and international tax law. 2014.10.30_taxupdate
  • Claude Kremer elected to the Board of Directors of the International Investment Funds Association

    We are happy to announce that Claude Kremer, one of the founding partners of Arendt & Medernach, was elected to the Board of Directors of the International Investment Funds Association (IIFA) at their annual meeting in Canberra on 21 October 2014.
  • New set of restrictive measures against the Russian Federation in relation to events in Ukraine

    In view of the increasing gravity of the situation in Eastern Ukraine, the European Council has decided to reinforce the set of restrictive measures adopted on 30 and 31 July 2014 targeting cooperation and exchanges with the Russian Federation. 2014.09.18_luxembourg_newsflash
  • CSSF issues circular on investor notification of material changes to open-ended UCITS funds

    Luxembourg's Financial Sector Supervisory Authority According has published Circular 14/591 on July 22, addressed to all open-ended UCITS funds governed by the grand duchy's legislation of December 17, 2010, regarding the protection of investors in the event of a material change to an open-ended undertaking for collective investment. The CSSF says that according to well-established supervisory practice, in the event of such a material change to investors' interests in an open-ended fund under the 2010 law, the regulator requires that they be given sufficient time to take an informed decision, and that if they do not wish to accept the proposed change, they should be able to redeem or convert their shares or units free of charges.
  • Newsflash -Restrictive measures recently adopted against the Russian Federation

    In response to the downing of the Malaysian Airlines Flight MH17 in Donetsk and in view of the gravity of the overall situation, the Council of the European Union has adopted new restrictive measures targeting cooperation and exchanges with the Russian Federation. 2014.08.05_-_russian_sanctions_newsflash
  • Execution of search and seizure warrants in criminal matters in respect of electronic data

    Professionals of the financial sector have, in the past, regularly been confronted with search and seizure warrants in respect of electronic data in criminal matters where the professional's entire database has been seized for mining purposes. By a recent decision of the Luxembourg District Court, this questionable practice has now been challenged. 2014.07.14_-_search_and_seizure_warrants_in_criminal_matters
  • The CSSF publishes the article 42 AIFMD information form

    The Commission de Surveillance du Secteur Financier (CSSF) has today published guidance on the notification to it by non-EU AIFMs of their intention to market their EU and non-EU AIFs to professional investors in Luxembourg pursuant to article 42 of the AIFM Directive (AIFMD). Such guidance is in line with the approach being taken in other EU jurisdictions and is a necessary step to ensure compliance with the law when the transition period ends on 22 July next. newsflash_-_the_cssf_publishes_the_article_42_aifmd_information_form

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to