16 January 2018

Law firm AKD expands in Luxembourg in response to Brexit demand

The Benelux law firm has recruited two lawyers from leading Luxembourg firm Arendt & Medernach to expand its investment funds practice.

Benelux law firm AKD is expanding its Luxembourg investment funds practice. Lawyers Edouard d’Anterroches and Victorien Hémery join from Arendt & Medernach and will become partners in AKD. The law firm, which has 250 lawyers, civil law notaries and tax advisers, provides independent and internationally-focused legal and tax advice to clients in the Benelux. The new arrivals are part of  AKD's strategy to grow its expertise in private equity and real estate fund formation and structuring. 

Investment fund centre

Luxembourg ranks as the second largest investment fund centre in the world and the largest in Europe with its assets under management  increasing from 3 to 4 trillion euros under management in three years. Building on its recognised expertise in the retail fund industry and a legal framework specifically designed for the asset management industry, Luxembourg has positioned itself as a top fund domicile centre for private equity, real estate, private debt, infrastructure, impact finance and other alternative strategies. The expansion of AKD’s investment funds practice in Luxembourg is part of AKD’s objective to provide its clients with a full-service offer, in particular in the context of the growing level of regulation impacting the asset management industry.

Challenges

AKD’s managing partner Erwin Rademakers said: 'Edouard and Victorien bring a wealth of knowledge and experience to our Benelux services. Their arrival is part of AKD's international growth strategy, aimed at offering our clients a full range of legal and tax services out of local offices throughout the Benelux, in particular to help investment funds, asset managers and other fund-related parties face the challenges imposed by the introduction of numerous laws and regulations over the past few years, including the AIFMD, PRIIPs and MIFID II.'