AMCL establishes first UCITS IV-compliant fund platform in MENA region
- United Arab Emirates: Monday, March 11 - 2013 at 10:11
- PRESS RELEASE
Loyens and Loeff announces that its client Al Masah Capital Limited (AMCL), a Dubai-based market leader in the investment sector, has established, with its assistance, the first UCITS IV-compliant fund platform in the MENA region, showcasing AMCL's commitment not only to the region but also its market leadership and innovation in the investment sector.
The Investment Management teams of Loyens & Loeff in Dubai and Luxembourg advised AMCL on the structuring, drafting and operational setup of the new umbrella fund and led the formal procedure for approval with the Commission de Surveillance du Secteur Financier, the Luxembourg supervisory authority for the financial sector.
"We have been able to meet our investors' highest quality standards by setting up this fund platform with the assistance of leading law firm Loyens & Loeff," Dash added.
"Thanks to the efficient coordination between its Dubai and Luxembourg offices, as well as the combination of the commercial understanding and the technical and regulatory insight of its professionals, Loyens & Loeff contributed significantly to the successful establishment of this new UCITS IV-compliant fund platform," Dash further added.
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