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Compartment in A Fund 2017-07-19T15:42:07+00:00

LU Compartment in a Fund

Definition

Many securitization vehicles based in Luxembourg take the form of funds with a multitude of sub-funds, which runs as an independent compartment in a fund Luxembourg encompassed within a same legal entity. Such a structure allows creating funds with varying strategies for different types of investments.

Each compartment has:

  • Distinct assets and rights
  • The possibility of creating shares with different and/or distinct rights
  • A management orientation that may be completely different from the others

Advantages

Creating a compartment is extremely advantageous on account of:

  • Tax and administrative ease
  • Economies of scale
  • Centralization of all operating activities relating to the fund’s management

Why Hance Law?

Hance Law is experienced with the legal, collateral, financial and operational issues that arise in tge development of new transaction structures, as well as with Uniform Commercial Code, insolvency, substantive no consolidation and tax opinions delivered in connection with securitization transactions. As valued business advisors, We have significant expertise in the documentation and negotiation of various types of domestic and cross-border financings, including numerous types of asset securitizations and other asset-backed transactions such as commercial paper conduit securitizations, single and multi-asset securitizations, as well as all kinds of structured facilities

Contact Hance Law

COMPARTMENT IN A FUND

TAKE THE FORM OF FUNDS WITH A MULTITUDE OF SUB-FUNDS
WHICH RUNS AS AN INDEPENDENT INVESTMENT FUND

Our lawyers assist our clients in completion of all administrative or legal secretary ‘s tasks including :

  • KYC procedures and formalities fight against the money laundering (KYC)
  •  Drafting of beneficial materials;
  •  Assisting the client with opening the company’s bank account;
  •  Coordination with the bank to obtain the blocking certificate;
  • Coordination with the notary to obtain the release of the certificate;
  • Drafting of articles of association;

We also provide practical but high-end accounting law services for unregulated real estate structures and SPVs :

  • Consolidation
  • SPV accounting
  • Corporate secretarial service

Our Services

WE OFFER SOUND LEGAL ADVISE FOR ALL OF YOUR CORPORATE NEEDS.

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WE OFFER COMPREHENSIVE LEGAL SERVICES FOR ALL YOUR CORPORATE NEEDS