Ireland – A Ready Made AIFMD Solution for Non-EU Managers
David Williams, Partner, Tracy Gilvarry, Partner and Andrew Gill, Associate Solicitor
LK Shields Solicitors
With the 22 June 2013 deadline for the implementation of the Alternative Investment Fund Managers Directive (Directive 2011/61/EC) (the Directive) fast approaching, fund managers based outside the EU need to consider how prepared they are for its introduction.
The position of non-EU managers has proved to be one of the controversial aspects of the Directive since it was first proposed. Managers established outside the EU need to be aware that unless they take appropriate action, from the implementation of the Directive they will be at a disadvantage to EU managers in relation to marketing in the EU and may find that their access to certain EU markets is entirely shut off.