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Legal Developments worldwide

Investment Funds Global

January 2010 - Finance. Legal Developments by Ogier .

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Current developments in the global investment funds legal and regulatory environment

The international tax and regulatory initiatives continue to evolve, but it is difficult at the end of 2009 to accurately predict the scope and nature of the legislation and regulations which will be put into effect in 2010. There are several rival pieces of draft legislation in the U.S. and an almost perpetually changing draft directive in the EU. All that we can say with certainty is that tax and regulation will increase in the major fund management centres. We will return to these themes in 2010 as we continue to monitor developments and report on likely outcomes. For this, our final Global Updater of 2009, we are focusing on trends in legal structuring and challenges to closedended funds and reporting on important case law regarding redemption rights and offshore administration of companies.