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Whether you are launching, operating, lending to or investing in a fund or an alternative indirect investment vehicle, you need to overcome legal hurdles which may be from a domestic and/or cross-border perspective. Our pan-European funds group advises across your key asset classes including private equity, real estate, infrastructure, hedge, venture capital, debt and exchange traded funds. We advise on all types of funds and other indirect structures and across the lifecycle. Our experience and varied client base enables us to advise on the commercial as well as the legal and tax aspects.

We are highly skilled at, and have a reputation for, efficiency and providing commercial and pragmatic advice to reach successful deal conclusions quickly and on sensible budgets. We recognise the fast-moving regulatory climate and aim to simplify the legal minefield with our expert funds guides. These cover developments such as those affecting passporting and private placement regimes and allow you to keep pace with key market changes. We also actively engage in the legislative process, seeking to influence outcomes for the benefit of our client base.  

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June 2019
CMS Funds Glob­al Bro­chure
To get funds to mar­ket, it pays to know the ter­rain.At CMS, our in­ter­na­tion­al funds group has the reg­u­lat­ory, leg­al and tax ex­pert­ise and com­mer­cial ex­per­i­ence to help you launch your funds with the right struc­ture, terms and gov­ernance to suit your ob­ject­ives. Work­ing as one group across our of­fices, we provide you with a con­sist­ently ex­cel­lent, co­ordin­ated funds ad­vis­ory ser­vice cov­er­ing the en­tire funds land­scape.
CMS Ex­pert Guides
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February 2020
ESG snap­shot: Re­spons­ible In­vest­ment for as­set man­agers
Re­spons­ible In­vest­ment has, in a few short years, moved from be­ing an out­lier in the as­set man­age­ment world to an is­sue of glob­al im­port­ance which is front and centre of polit­ic­al, leg­al and mar­ket pri­or­it­ies. Al­though the rise to prom­in­ence has been mark
22 November 2019
CMS Ex­pert Guide to Pass­port­ing (UCITS)
Rules on Mar­ket­ing Un­der­tak­ings for Col­lect­ive In­vest­ment in Trans­fer­able Se­cur­it­ies in Europe
22 May 2020
For­eign in­vest­ments in Ger­man life sci­ence com­pan­ies be­come sub­ject to...
In re­sponse to the COV­ID-19 pan­dem­ic, Ger­many has widened the scope of its in­vest­ment con­trol to in­clude nu­mer­ous life sci­ence com­pan­ies. The amend­ments to the For­eign Trade and Pay­ments Or­din­ance ("AWV")...
February 2020
As­set Token­isa­tion
For funds and the real es­tate sec­tor, the new dec­ade prom­ises trans­form­a­tion through di­git­al­isa­tion, ar­ti­fi­cial in­tel­li­gence (AI), block­chain and fintech. New tech­no­lo­gies of­fer the prom­ise to al­low tra­di­tion­al and new as­set classes to be di­git­al­ised or “
22 November 2019
CMS Ex­pert Guide to Pass­port­ing (AIF)
04 May 2020
In­ter­na­tion­al Law in times of crisis: COV­ID-19 and For­eign In­vest­ments
As the COV­ID-19 pan­dem­ic con­tin­ues to un­ravel without re­gard to na­tion­al bor­ders, coun­tries around the world are faced with both pub­lic health and eco­nom­ic is­sues on a scale not pre­vi­ously seen. In this...
13 January 2020
CMS strengthens its pres­ence in Lux­em­bourg
New fully op­er­a­tion­al cor­por­ate and tax teams join CMS
22 November 2019
CMS Ex­pert Guide to Private Place­ment of Funds
30 March 2020
ESMA and FCA cla­ri­fy su­per­vis­ory ap­proach on SFTR back­load­ing re­quire­ments...
This in­form­a­tion is cor­rect as of 11.30am on 30 March 2020 and will not be main­tained. The European Se­cur­it­ies Mar­kets Au­thor­ity (“ESMA”) has cla­ri­fied its po­s­i­tion on the re­quire­ments for ‘back­load­ing’...
June 2019
CMS Funds Glob­al Bro­chure
30 March 2020
EU Com­mis­sion calls for closer scru­tiny of for­eign dir­ect in­vest­ment
Non-EU in­vestors may be con­fron­ted with more ri­gid clear­ance pro­cesses when at­tempt­ing to ac­quire EU com­pan­ies as a res­ult of an un­pre­ced­en­ted call for ac­tion by the European Com­mis­sion. In a policy pa­per...
24/07/2019
CMS - Fo­cus­ing on Funds - More than a token ges­ture