Summary and implications
Luxembourg may be a small country in size but it punches well
above its geographical weight as a centre for funds. The recent
changes introduced in Luxembourg to its limited partnerships make
it a desirable jurisdiction in which to establish alternative
investment funds.
The main aim of the reform was to give Luxembourg limited
partnerships a similar degree of flexibility to that which their
Anglo Saxon counterparts already enjoy. So how does the Luxembourg
offering stack up against the English limited partnership
(ELP)?
The changes in Luxembourg
The Luxembourg Government seized on the opportunity whilst
implementing the alternative investment fund managers directive
(AIFMD), to look at ways to increase the desirability of Luxembourg
as the domicile of choice for funds. The result is the reform of
limited partnerships under Luxembourg law.
