Welcome to the 11th edition of ICLG - Alternative Investment Funds, published by Global Legal Group. This publication provides corporate counsel and international practitioners with comprehensive jurisdiction-by-jurisdiction guidance to alternative investment funds laws and regulations around the world, and is also available at www.iclg.com. The publication begins with an industry chapter written by AIMA, followed by three expert analysis chapters that provide further insight into the sustainability transition, the fund finance industry and foreign investment funds in Japan. The question and answer chapters, which in this edition cover 20 jurisdictions, provide detailed answers to common questions raised by professionals dealing with alternative investment funds laws and regulations. As always, this publication has been written by leading alternative investment funds lawyers and industry specialists, for whose invaluable contributions the editors and publishers are extremely grateful. Global Legal Group would also like to extend special thanks to contributing editors Jeremy Elmore and Emily Clark of Travers Smith LLP for their leadership, support and expertise in bringing this project to fruition.
Industry
Chapter
1
Alternative Investments on the Cusp of Incredible Change
Jack Inglis, AIMA
Expert Analysis
Chapters
4
Sustainability Transition: Is the Grass Always Greener?
Jeremy Elmore & Rory Page, Travers Smith LLP
10
Fund Finance: Past, Present and Future
Wes Misson & Sam Hutchinson, Cadwalader, Wickersham & Taft LLP
13
Bringing Foreign Investment Funds into Japan
Yasuzo Takeno & Fumiharu Hiromoto, Mori Hamada & Matsumoto
Q&A
Chapters
18
Andorra
Cases & Lacambra: Miguel Cases Nabau & Laura Nieto
25
Angola
VdA: Pedro Simoes Coelho, Carlos Couto, Joana Lobato Heitor & Patricia Nunes
Mesquita
33
Brazil
Pinheiro Neto Advogados: Caio Ferreira Silva & Stephanie Hong
42
Canada
Stikeman Elliott LLP: Darin Renton, Jill Winton, Amy Chao & Irena Ninkovic
50
Cayman Islands
Maples Group: Grant Dixon, Andrew Keast & Stephen Watler
60
Cyprus
Patrikios Pavlou & Associates LLC: Angelos Onisiforou & Angeliki Epaminonda
69
England & Wales
Travers Smith LLP: Jeremy Elmore & Emily Clark
80
Finland
Waselius & Wist: Olli Kiuru, Lauri Liukkonen & Annamari Vaaja
88
Hong Kong
ONC Lawyers: Raymond Cheung, Elaine Ho, Steffi Chan & Isa Hung
96
India
Cyril Amarchand Mangaldas: Vivaik Sharma, S R Patnaik, Kartik Dhir & Harshita
Fatesaria
105
Ireland
Dillon Eustace: Brian Kelliher & Richard Lacken
119
Japan
Anderson Mori & Tomotsune: Koichi Miyamoto, Takahiko Yamada, Akira Tanaka &
Yoshiko Nakamura
129
Luxembourg
GSK Stockmann: Corinna Schumacher, Katharina Schiffmann & Philipp Krug
139
Mozambique
VdA: Pedro Simoes Coelho, Carlos Couto, Patricia Nunes Mesquita & Luis Maria
146
Portugal
VdA: Pedro Simoes Coelho, Francisco Cabral Matos, Carlos Couto & Patricia
Nunes Mesquita
158
Scotland
Brodies LLP: Andrew Akintewe & Bob Langridge
167
Singapore
Joseph Tan Jude Benny LLP: Kay Yong & Tio Siaw Min
175
Spain
Cases & Lacambra: Miguel Cases Nabau, Toni Barios & Laura Nieto
14
Switzerland
Bar & Karrer Ltd.: Daniel Fluhmann & Peter Ch. Hsu
195
USA
K&L Gates LLP: Lance Dial, Christopher Phillips-Hart, Annabelle North & Joel
Almquist
