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Clifford Chance

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Marketing of AIF by non-EU AIFM / Third Country Managers in Germany after 21 July 2013

20 June 2013

The new German Capital Investment Act (Kapitalanlagegesetzbuch, KAGB) coming into force on 22 July 2013 provides for the implementation of the AIFM-Directive ("AIFMD") and a number of modifications to the regime of marketing and distribution of units in funds in Germany.  This client briefing has a special focus on marketing of EU and non-EU Alternative Investment Funds ("AIF") by non-EU Alternative Investment Fund Managers / Third Country Managers ("non-EU AIFM") in Germany after 21 July 2013.

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