Is your question of a legal or tax nature, or both? What are the legal consequences of a particular tax structure and vice versa? More and more companies, financial institutions, governments and individuals are discovering the benefits of customised integrated advice.
As a leading firm, Loyens & Loeff is the natural choice as a legal and tax partner if you do business in or from the Netherlands, Belgium, Luxembourg or Switzerland, our home markets. You can count on personal advice from any of our 800 advisers based in one of our offices in the Benelux and Switzerland or in key financial centres around the world. Thanks to our full-service practice, specific sector experience and thorough understanding of the market, our advisers comprehend exactly what you need.
This update aims to provide you with a practical overview of the most relevant changes resulting from the General Data Protection Regulation (GDPR), applicable as from 25 May 2018. This month’s issue discusses the requirements relating to consent and transparency.
Following its initial advice in June 2015, yesterday the European Securities and Markets Authority (ESMA) published its second advice as to the application of the so-called AIFMD passport to non-EU managers and non-EU alternative investment funds (also referred to as the “third country AIFMD passport”). It concluded that, in addition to Guernsey, Jersey and Switzerland, also Japan, Canada and, subject to certain conditions, Australia would be eligible for application of a third country AIFMD passport. Whether a third country AIFMD passport will be introduced is subject to a decision of the European Commission (the Commission). If and when such decision will be made is still unclear.