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Luxembourg SICAR - private equity investment vehicle

February 2008 - Finance. Legal Developments by Chevalier & Sciales .

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A Luxembourg law of 15 June 2004 relating to the investment company in risk capital (the "Law on SICAR") has created a Luxembourg vehicle ("SICAR") whose principal object is investing in risk bearing capital issued by domestic and foreign companies. The main features and advantages of the Law on SICAR are its legal flexibility and interesting tax treatment. This new legal framework for Luxembourg private equity and venture capital funds is expected to have a significant impact in European private equity deal structures.

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