Revue de presse
Review from previous edition Claude Kremer and Isabelle Lebbe's book on Collective Investment Schemes is a must for every actor of (sic) the financial sector. Not only does it present a complete view of the UCI industry, it also underlines (once more, should I say) the professional skills of the authors (Jean-Louis Schiltz, Minister of Telecommunications, Luxembourg
We value this publication highly as it represents a most useful and comprehensive study of UCI's in Luxembourg, which can be seen as point of reference by market players and lawyers alike (Commission de Surveillance du Secteur Financier
Maîtres Claude Kremer and Isabelle Lebbe have written an interesting and useful treatise on the law and practice surrounding UCIs. I particularly admire the thoroughness and completeness of their work. Academics as well as practitioners in the field are likely to turn to this book frequently and fruitfully (Professor Christian C.P Wolff, Director, Luxembourg School of Finance
Présentation de l'éditeur
This book is the only analysis of the legal regime governing collective investments in the important financial centre of Luxembourg. Written by expert practitioners from a leading funds practice, it provides a detailed, comprehensive, and practical account of the regulation and operation of investment funds under Luxembourg law. Beginning with a definition of undertakings of collective investment funds and a description of the background to the relevant legislation, the authors go on to provide a detailed account of how undertakings for collective investments are classified and how they operate in practice. Covering all relevant EU Directives including the UCITS Directives, Prospectus Directive, MiFID, and the Savings Directive, the authors also consider the application of these Directives under Luxembourg law. The latest developments on the AIFM Directive are also addressed. A comprehensive and systematic account, this new edition is an important reference source for all practitioners and investment managers regularly dealing with Luxembourg investment funds, as well as providing an exceptional introduction to this area of the law.