tailieunhanh - AUDIT - TAX - ADVISORY Luxembourg Real Estate Investment Vehicles 2012

» Risk management is forward-looking and proactive. To be effective, risk management should seek to identify for management material risks that might impact the fund, the likelihood of them occurring, and the extent of their impact should they occur. Trend reports and other regular, formal processes may facilitate this effort as well as brainstorming sessions and thinking “outside the box.” Risk management, however, also can play an important role in analyzing past challenges and recommending changes to prevent their recurrence | cutting through complexity AUDIT - TAX - ADVISORY Luxembourg Real Estate Investment Vehicles 2012 Luxembourg Real Estate Investment Vehicles 2012 1 Table of contents Luxembourg Real Estate Investment Vehicles 2 Introduction 2 Overview 3 Undertakings for Collective Investments UCIs 8 Specialised Investment Funds SIFs 11 Luxembourg Risk Capital Companies SICARs 16 Securitization Vehicles SVs 21 SOPARFIs 26 Appendix 1 - Comparison of Real Estate Vehicles 34 Appendix 2 - The most popular forms of legal entities 50 Appendix 3 - Glossary of terms .

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