MAGNUSSON ADVISED SVENSKA BOSTADSFONDEN ON THE APPLICATION TO THE SWEDISH FINANCIAL SUPERVISORY AUTHORITY
Management of the AIF funds is governed by the so-called AIFM Directive, implemented in Swedish law by the Alternative Investment Fund Managers Act (2013:561). The new rules affect anyone who manages funds in any sense but that is not mutual funds. With this authorization Svenska Bostadsfonden becomes one of the first real estate funds in Sweden to obtain approval under the new law.
Magnusson has since the law was introduced assisted a large number of companies that have been authorized to manage AIF funds. Examples of such companies are Excalibur Värdepappersfond AB, Enter Fonder AB, Lancelot Asset Management AB, Max Mitteregger Kapitalförvaltning AB, Optimized Portfolio Management Stockholm AB and RAM ONE AB.
The team included Björn Wendleby (lead partner) and senior associate Gustav Sälgström.
MAGNUSSON TO PARTICIPATE IN ENTERPRISE2019 TECHNOLOGY ENTREPRENEURSHIP EVENT
Magnusson will be represented in the Enterprise2019 Technology Entrepreneurship event held in Oulu on Wednesday, 6 November 2019.read more
MAGNUSSON WARSAW ADVISES VASTINT POLAND ON THE SALE OF FOUR OFFICE BUILDINGS IN POZNAŃ
Magnusson Warsaw represented Vastint Poland in the process of selling the first stage of Business Garden Poznań. The Singaporean fund Cromwell European REIT became the new owner of the property.read more
MAGNUSSON ADVISED VON ELK COMPANY LTD
Magnusson advised Von Elk Company, known for Glöet, the most popular sparkling glögg in the Nordic countries, on its cooperation with Altia, a leading Nordic alcoholic beverage brand company operating in the wines and spirits markets in the Nordic and Baltic countries.read more
Amendments made to the AML Law
Amendments have been made to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, also known as the AML Law. The amendments are a part of Latvia’s attempts to comply with the legal acts of the European Union and to overcome the country’s weaknesses as stated in the Moneyval 2018 report. Taking into account the recent activities in terrorism and proliferation financing, an effective anti-money laundering system is essential in order to improve the finance sector and the country’s reputation on a global platform.read more