20/12/2018

Arendt & Medernach SA and Arendt & Medernach, Dubai - The Luxembourg regulator, the CSSF, has approved ADCB Asset Management Limited as the first asset manager regulated by the Abu Dhabi Global Market, ADGM, to be appointed by a Luxembourg UCITS Fund.

From 1 January 2019 onwards, ADCB Asset Management Limited will be the delegated asset manager of ADCB Sicav.

Arendt & Medernach is proud to have been instrumental to this authorisation.

Florence Stainier, Partner in the Investment Management team commented: “After assisting with the approval by the CSSF of the first asset managers regulated by the DIFC (in 2011) and the Emirates Securities and Commodities Authority (in 2013), this marks an additional milestone in the recognition of UAE based asset managers by the Luxembourg regulator”.

Emmanuelle Entringer, Counsel and Head of the Dubai office added: “We hope that this will pave the way for new UAE managers, whether regulated by the federal authority or in one of the dedicated free zones, to consider managing Luxembourg domiciled funds”.

DOWNLOAD

Press release - CSSF approves the first ADGM regulated asset manager to manage a Luxembourg UCITS PDF - 144.61 KB Download
VAT and Investment Funds PDF - 87.72 KB Download
VAT pocket guide to Fund directorship - Tax Law - Brochure PDF - 77.81 KB Download
Islamic finance - Brochure PDF - 3.52 MB Download

Contacts

Emmanuelle Entringer

Counsel

Florence Stainier

Partner

YOU MIGHT ALSO WANT TO DISCOVER

02/04/2020
Renewal of the governance of the law firm Arendt & Medernach 2020

As is the case every three years, the partners of Arendt & Medernach have decided on the new governance of the law firm. Philippe Dupont and Claude Niedner have been elected as Chairmen of the firm. Jean-Marc Ueberecken has been re-elected Managing Partner.

Read More_

Latest news

09/05/2017
Renewal of the governance of the law firm Arendt & Medernach

As is the case every three years, the partners of Arendt & Medernach have decided on the new governance of the law firm. Claude Kremer has been elected as Co-Chairman of the firm alongside Guy Harles, whose mandate as Co-Chairman has been renewed. Jean-Marc Ueberecken has been r...

Read More_
02/05/2017
Arendt & Medernach appoints 10 new Counsels 13 new Senior Associates

Arendt & Medernach has the pleasure of announcing the appointment of 10 new Counsels and 13 new Senior Associates

Read More_
20/05/2019
Arendt & Medernach appoints 9 new Counsels and 19 new Senior Associates

Arendt & Medernach has the pleasure of announcing the appointment of 9 new Counsels and 19 new Senior Associates

Read More_