Hassans Acts For The First Gibraltar Fund To Gain Preferential Private Placement Rights In Germany

Hassans has acted for the first Gibraltar fund to gain approval from the German regulator to privately place into Germany on a reciprocal right basis. The German regulator (BaFin) has recently adopted a reciprocal private placement policy the effect of which is that where German funds are allowed to be privately placed into other EU member states, funds from such member states may be privately placed into Germany on a separate and expedited basis.

Hassans had been aware of the new BaFin policy for some time and the firm has been at the forefront of developing a Gibraltar private placement regime to take advantage of the opportunity it offers. The new Gibraltar private placement regime came into effect on 11 December 2014.