Hassans completes 10th fund transaction since July 2011
Hassans, the Gibraltar based international law firm, is pleased to announce the completion of its 10th fund transaction, raising EUR1.45 billion since July 2011. These fund transactions cover sectors, such as Chinese securities, Online Gaming applications, African Resources, Private Equity/Real Estate along with World fixed income and the more traditional securities based funds.
The funds are able to draw on the benefits of being domiciled in Gibraltar, which include tax transparency, English common law, speed to market, ease of access to the Gibraltar-based financial service firms and the regulatory authorities with low costs.
Furthermore, given that Gibraltar is within the EU and a fully authorised funds and investment jurisdiction, it will be in scope to benefit from the AIFM directive from 2013. It has recently implemented UCITS IV into its national legislation.
Commenting on this success, James Lasry (pictured), Partner and Head of Funds at Hassans, says: “Having completed our 10th fund transaction already in this financial year showcases the strength of fund industry in Gibraltar. Gibraltar is the European jurisdiction with the quickest time to market capability for Experienced Investor Funds. Such flexibility is refreshing to obtain from an onshore jurisdiction. My team worked very hard for the documentation of these funds and I look forward to more in 2012.”