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Discover thought leadership and legal insights by our legal experts from across CMS. In our Expert Guides, written by CMS lawyers from across the jurisdictions where we operate, we provide you with in-depth legal research and insights that can be read both online and offline. You can also find Law-Now articles with focused legal analysis, commentary and insights to help you anticipate future challenges and much more.


Media type
Expertise
21/09/2021
The hold­ing of French Real Es­tate as­sets via Lux­em­bourg
In this art­icle, pub­lished in the latest Re­vue de Droit Fisc­al from Le­git­ech, our tax ex­perts Frédéric Feyten, Del­phine Dan­houi (both CMS Lux­em­bourg), Thi­erry Grani­er and Yacine Bousraf (both CMS France)...
14/09/2021
CMS M&A European Out­look 2022: Road to re­cov­ery
Septem­ber 2021 We are pleased to provide you with this year’s edi­tion of the “European M&A Out­look”, pub­lished in co-op­er­a­tion with Mer­ger­mar­ket
25/08/2021
CMS Real Es­tate Glob­al Bro­chure
Glob­al­isa­tion, polit­ic­al tur­bu­lence, changes in urb­an liv­ing pat­terns, in­creased di­git­isa­tion, shift­ing con­sumer be­ha­viour and flex­ible work­ing are just some of the is­sues that are trans­form­ing the de­mands...
23/08/2021
CMS Funds Mar­ket Study 2021 - We­bin­ar ma­ter­i­als
We­bin­ar ma­ter­i­als
19/08/2021
CMS Funds Glob­al Bro­chure
The world in which the in­ter­na­tion­al funds in­dustry op­er­ates is chan­ging at un­pre­ced­en­ted speed. The eco­nom­ic con­sequences of Cov­id-19 present a massive chal­lenge to some funds and an op­por­tun­ity to oth­ers...
12/08/2021
CMS Glob­al Fintech Up­date - Au­gust 2021
Be­low you will find top­ics of Au­gust 2021 news­let­ter:Fintech in Bel­gi­umFintech in Ro­mani­aFintech in Spain­Fintech in South Afri­caFintech in Switzer­land­Fintech in UkraineFintech in United King­dom 
05/08/2021
CMS Glob­al Fintech Up­date
The leg­al frame­work in the fintech in­dustry is chan­ging very quickly and some­times var­ies greatly from jur­is­dic­tion to jur­is­dic­tion.Our glob­al up­date, will give you an over­view of the latest changes and top­ics we have been deal­ing with in Europe, Africa and Lat­in Amer­ica re­gion. This will give you an at a glance sum­mary of a num­ber of art­icles that we have pro­duced on a loc­al basis.For a more in-depth ana­lys­is or for any ques­tions, please reach out to your usu­al CMS con­tact or lis­ted in this up­date Fintech ex­perts.
27/07/2021
Our real es­tate cap­ab­il­ity at your ser­vice
We are over 800 qual­i­fied real es­tate law­yers work­ing in real es­tate and con­struc­tion, span­ning 46 coun­tries and 75 cit­ies. The CMS Real Es­tate prac­tice is the largest real es­tate spe­cial­ist team in Europe and one of the biggest world­wide. Cli­ents are at the heart of our busi­ness; we put you first.Our em­phas­is is not just on be­ing great tech­nic­al law­yers but also on un­der­stand­ing our cli­ents and their busi­ness; you and what makes you spe­cial; build­ing strong re­la­tion­ships with you; and bring­ing you our know­ledge and ex­per­i­ence.We have been act­ive in real es­tate in our mar­kets for dec­ades, so we un­der­stand the cul­ture, the eco­nom­ic con­text, the loc­al leg­al con­text and the his­tory. Many of our col­leagues have worked in-house or on second­ments to cli­ents to fur­ther de­vel­op their know­ledge of the real es­tate sec­tor. We know it in­side out. That is why we are known for be­ing strong on ex­e­cu­tion and provid­ing con­cise, com­mer­cial and prag­mat­ic ad­vice.Most of us fo­cus full time on real es­tate and serve a cli­ent base of de­velopers, own­ers, oc­cu­pi­ers, con­struc­tion con­sor­tia, as­set man­agers and in­vestors, among oth­ers across all as­set classes.CMS has the largest real es­tate teams across three ma­jor European jur­is­dic­tions – the UK, France and Ger­many – and is the largest real es­tate spe­cial­ist team in Europe and one of the biggest world­wide.We work ef­fi­ciently both loc­ally and in­ter­na­tion­ally be­cause we know each oth­er: we meet face -to face, con­nect reg­u­larly, work on shared mat­ters, train to­geth­er and ad­here to the same stand­ards, tem­plates and pro­cesses, in­clud­ing pro­ject man­age­ment. That makes it easy to de­ploy mul­tidiscip­lin­ary teams – in­clud­ing funds, con­struc­tion, de­vel­op­ment, plan­ning, cor­por­ate, bank­ing, tax and in­solv­ency spe­cial­ists, or even not­ar­ies where it is al­lowed – with the sim­pli­city of a single point of con­tact, even at mul­tina­tion­al level.You will find out more about the great things we do for our cli­ents in the be­low sec­tion. Feel free to get in touch with the loc­al con­tacts for spe­cif­ic coun­try re­quests.
06/07/2021
IFA Cah­i­er Ex­change of in­form­a­tion - Lux­em­bourg Re­port
We are pleased to have con­trib­uted to the IFA Gen­er­al Re­port on Ex­change of in­form­a­tion: is­sues, use and col­lab­or­a­tion as coun­try re­port­er for Lux­em­bourg.
30/06/2021
CMS Funds Mar­ket Study 2021
Peri­od­ic­ally, CMS takes sound­ings on the state of the mar­ket from our funds-re­lated cli­ents. Giv­en the un­pre­ced­en­ted nature of the last 12 months we thought this was an op­por­tune time to look back over the last few years. This study ana­lyses the key mar­ket trends in fund doc­u­ment­a­tion of over 300 funds es­tab­lished in Europe, Asia, USA and off­shore jur­is­dic­tions ad­vised on by CMS of­fices through­out 2017 to 2020. We have also con­duc­ted cli­ent in­ter­views, which are high­lighted in this re­port, and con­duc­ted a se­lect­ive sur­vey of our in­ter­na­tion­al cli­ent base.We trust this CMS Funds Mar­ket Study will be a use­ful guide for both man­agers and in­vestors this year. The size of our deal sample and the range of coun­tries in­volved means that the study should be a uniquely valu­able and rich re­source for man­agers and in­vestors. Our re­search in­dic­ates that funds in­dustry play­ers are clear on how to move for­ward and that, while strategies may have shif­ted, there are reas­ons for op­tim­ism and bullish­ness, un­like the gloom that des­cen­ded after the glob­al fin­an­cial crisis in 2008.Look­ing for­ward we see an act­ive funds mar­ket, with Lux­em­bourg be­ing the jur­is­dic­tion of choice for European funds. ESG is now a key fo­cus for in­vestors. This mar­ket im­petus and reg­u­lat­ory drivers are mov­ing sus­tain­able in­vest­ment from a niche fo­cus in­to the main­stream for in­vestors and man­agers alike. We also see man­agers in­creas­ingly look­ing at the be­ne­fits and im­pact of AI and tech­no­logy with the token­isa­tion of as­sets and the use of block­chain. We see this pace of change ac­cel­er­at­ing.If you have any feed­back or ques­tions, we would love to hear from you.
23/06/2021
Strategies
The real es­tate funds covered by the Sample Funds fo­cused on a range of strategies with a ma­jor­ity in Europe. Real Es­tate Strategies Real Es­tate Sample Funds: Strategies
23/06/2021
Man­age­ment fees
Sur­vey Re­sponses: Man­age­ment Fees for closed-ended private funds