Aubert, Spinedi, Street & Partners

Publications

Entretien de l’enfant mineur

Lecture intéressante de l’article publié par Me Simona Müller en collaboration avec Me Marie Berger dans la revue de l’avocat concernant l’entretien de l’enfant mineur.

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United Arab Emirates : a nationwide passporting scheme for funds

In March 2019, based upon a prior agreement between three financial authorities, the enactment of fund passporting rules established a passporting scheme for funds in the United Arab Emirates (UAE). The scheme concerns three jurisdictions: the Dubai International Financial Centre (DIFC), the Abu Dhabi Global Market (ADGM), and the Onshore UAE.

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EU : Prospectus Regulation

As of 21 July 2019, the Prospectus Regulation (Regulation 2017/1129) will be applicable in the member states of the European Union. Repealing the Prospectus Directive (Directive 2003/71/EC), the new text is an important component of the EU’s Capital Markets Union Action Plan.

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Luxembourg : the EU Prospectus Regulation and the new Prospectus Law

In July 2019, the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (“Prospectus Regulation”) entered into force, thereby repealing the 2003 Prospectus Directive.

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Switzerland : regime on inducements

The term “inducement” designates remunerations, fees, commissions, refunds, rebates and other monetary or non-monetary benefits offered to financial intermediaries in exchange for the promotion of specific products or flows of business.

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Switzerland : existing and upcoming rules pertaining to family offices

Today, family offices represent perhaps the fastest-growing segment of investment vehicles at a global scale. This trend is due to a range of factors, especially (i) the mounting concentration of capital held by very wealthy families; and (ii) their desire to have a higher degree of control over their investments and fiduciary affairs while reducing complexity.

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Switzerland : banking secrecy “not exportable”

Today, family offices represent perhaps the fastest-growing segment of investment vehicles at a global scale. This trend is due to a range of factors, especially (i) the mounting concentration of capital held by very wealthy families; and (ii) their desire to have a higher degree of control over their investments and fiduciary affairs while reducing complexity.

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DIFC : a new employment legislation

On 28 August 2019, the revised version of the DIFC employment legislation, i.e. Law No. 2 of 2019 (“2019 Law”), went into effect. It replaced the former employment law, i.e. Law No. 4 of 2005, as amended (“2005 Law”).

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