Frank Müller advises investment fund managers, institutional investors, asset managers as well as their regulated and unregulated fund vehicles in all regulatory and real estate law matters in connection with the set-up, structuring and management of funds and their acquisitions. He has extensive experience in the following: (1) Foundation of fund management companies and their regulatory advice, including consultations with the respective authorities in Germany and abroad; (2) Set-up of investment funds for retail and institutional investors (both contract and corporate type funds); (3) Structuring of funds and transactions for institutional investors and asset managers; (4) Regulatory and real estate law advice of funds, fund managers and institutional investors with regard to asset deals, share deals, unit deals and project developments in Germany and abroad.
Von Frank Müller and Hannah Henseling am Oct 16, 2023
Gepostet In ELTIF
Introduction The European Long-Term Investment Fund (ELTIF) is a European investment vehicle that was introduced for economic policy considerations, to provide additional financing opportunities to certain industries and companies. Although the European Commission launched the ELTIF in 2015, relatively few ELTIFs have been authorised since then. As of July 2023, only 95 ELTIFs existed according to ESMA’s public register. Most of these were issued in Luxembourg, France, Spain and Italy. This year, however, the ELTIF has been subject of much discussion, especially in Germany. Why? The ELTIF Regulation has been fundamentally revised recently. The new regulations will come into force...
Distribution of closed-end funds – On the necessity of revocation instructions under the German Civil Code (BGB)
Von Frank Müller am Sep 13, 2023
Gepostet In Funds
When distributing investment funds and designing the fund documentation, information on revocation rights must be observed. This applies not only to mutual funds, but also to special funds if they are sold to “consumers” as defined by the German Civil Code. In addition to small investors, this may also include semi-professional investors. While the KAGB contains a special regulation in the area of open-end funds, the general regulations of the BGB apply to closed-end funds – which, however, do not apply to investments in closed-end funds. Frank Müller and Tobias Koch outline which special features have to be observed in...
Von Frank Müller am Jul 20, 2023
Gepostet In Events
The McDermott Funds Academy online seminar took place on 6 July. We spoke with our experts Dr. Kian Tauser, Frank Müller and Tobias Koch about GP-led secondaries and the launch of continuation funds. The online seminar was aimed at employees of fund initiators and sponsors, institutional investors, asset managers, capital management companies, custodians, banks and others with a connection to investment funds and their transactions. Click here to view the full recording.
New requirements for investment funds: PRIIPs key information document replaces key investor information – FAQs:
Von Frank Müller and Hannah Henseling am Aug 28, 2022
Gepostet In Funds
As of 1 January 2023, capital management companies (Kapitalverwaltungsgesellschaften) have to prepare a PRIIPs key information document for an investment fund that is distributed to private and semi-professional investors. The following is a summary of five frequently asked questions and answers on this topic: What is the purpose of the key information document? The key information document shall enable retail investors in the EU to better understand the basic features and risks of PRIIPs (Packaged Retail and Insurance-Based Investment Products). In addition, the requirements for PRIIPs key information documents should lead to a better comparability of such products across Europe....