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By James Bermingham, General Counsel of the Aztec Group, a specialist private equity service provider that administers over 59 funds with an approximate value of USD31 billion.
The Luxembourg industry should be careful what it wishes for in implementing the Alternative Investment Fund Managers Directive. It may not be the offshore industry that should be concerned.
It was another late evening, sipping cocktails in the majestic setting of the newly renovated Cercle Cit. Potel Chabot were on top form. It seems that Dr. Minna von Barnheim is a big fan, but she did not agree with my usual views on the Directive. While not at first, she now truly believed that the Directive...
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