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Hogan swipes Nauta duo for Luxembourg
Hogan Lovells is to open a Luxembourg office with a team of lawyers hired from NautaDutilh.
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The office - in the small European tax haven - will be the firm's 19th in Europe and will open on 1 August. The team comprises two partners and four associates from Benelux firm NautaDutilh. Partners Pierre Reuter and Jean-|Michel Schmit will head up the new office.
Investment funds
Commenting on the move, David Harris, global co-CEO of Hogan Lovells, said: 'Luxembourg is an increasingly important jurisdiction for investment funds. Our new office will allow us to offer a much fuller funds capability to our clients and it will also be a key to a number of our other practice areas such as corporate, real estate, private equity and tax.'
Stable yet flexible
Pierre Reuter, one of thethe partners, said: 'For a certain number of years, Luxembourg has been the jurisdiction of choice for the structuring of regulated investment funds, such as UCITS and alternative investment funds. Luxembourg offers a stable yet flexible legal and regulatory environment, a skilled workforce and a strategic location.He added that with the passing of the EU's Alternative Investment Fund Managers Directive (AIFMD) in Luxembourg 'it will be even more attractive for alternative investment fund managers to expand or set up their products in Luxembourg and to thrive here.'
