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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
08/12/2022
Re­tailasa­tion of Funds
 More than 10 years after the entry in­to force of the Al­tern­at­ive In­vest­ment Fund Man­agers Dir­ect­ive (AIFMD - Dir­ect­ive 2011/61/EU), it is now widely ac­cep­ted that the mar­ket has be­come ma­ture enough to at­tract re­tail in­vestors in­to al­tern­at­ive strategies such as PE/RE or Debt, as we are wit­ness­ing ma­jor play­ers in the mar­ket de­vel­op­ing pan-European products ded­ic­ated to a re­tail cli­ent base. With the com­ing re­forms of the AIFMD and the Reg­u­la­tion on European Long-term In­vest­ment Funds (EL­TI­FR – Reg­u­la­tion (EU) 2015/760), our funds team keeps closely mon­it­or­ing this latest trend in the fund in­dustry and stands ready to as­sist our cli­ents and suc­cess­fully re­spond to new chal­lenges ahead. Learn more with our re­cent we­bin­ar on how to at­tract re­tail in­vestor cap­it­al in­to al­tern­at­ive strategies and dis­cov­er the latest mar­ket trends: 
05/12/2022
CMS Lux­em­bourg Ad­vent Cal­en­dar 2022
We are very happy to present our #CMSLux­Ad­vent cal­en­dar which comes with 24 must-know leg­al in­sights of 2022 that will shape the leg­al land­scape in 2023.Keep an eye on the up­com­ing pub­lic­a­tions to dis­cov­er our daily ad­vent re­veals from to­mor­row un­til Decem­ber 24th.
22/11/2022
Mi­CAR: the European Crypto-As­sets Reg­u­la­tion
Dis­cov­er the European reg­u­la­tion on mar­kets in crypto-as­sets in this new series of short Mi­CAR-ded­ic­ated videos.Back­ground & ob­ject­ivesThe scopeN­FT­sThe cat­egor­ies of as­sets which fall with­in scope­Activ­it­ies...
14/11/2022
We­bin­ar Re­cord­ing | Will Block­chain dis­rupt the full funds value chain...
Check out the we­bin­ar re­play to ex­plore to­geth­er with our CMS ex­perts and key del­eg­ates of the fund value chain such as Tokeny, BlocHome/Let­z­Token, Op­por­tun­ity, Caceis, Q  Se­cur­it­ies, Nor­dic­Ninja...
28/10/2022
We­bin­ar Re­cord­ing | At­tract re­tail in­vestors in­to al­tern­at­ive strategies
More than 10 years after the entry in­to force of the AIFM Dir­ect­ive, it is now widely ac­cep­ted that the mar­ket has be­come ma­ture enough to at­tract re­tail in­vestors in­to al­tern­at­ive strategies such...
29/09/2022
Boom & Gloom? CMS European M&A Out­look 2023
We are pleased to share with you the 2023 edi­tion of the European M&A Out­look pub­lished by CMS in as­so­ci­ation with Mer­ger­mar­ket.
07/07/2022
We­bin­ar re­cord­ing | Re­view of AIFMD and EL­TI­FR
You can re­watch the full re­cor­ded ses­sion here at your own pace. Dur­ing this 45min we­bin­ar, or­gan­ised by CMS our law­yers provide a de­tailed over­view on the key pro­vi­sions of the Pro­pos­al.Our In­vest­ment...
28/06/2022
Tech­no­logy Trans­form­a­tion: Man­aging Risks in a Chan­ging Land­scape
Chan­ging tech, chan­ging risks
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
31/05/2022
GDPR En­force­ment Track­er Re­port
What a year for GDPR en­force­ment: 2021/2022 saw vari­ous land­mark cases in­clud­ing: a new re­cord fine of EUR 743 mil­lion; the total amount of all fines since May 2018 ex­ceed­ing the EUR 1 bil­lion mark in sum­mer 2021; and the total num­ber of cases passing 1,000 in early 2022. Land­mark cases were widely re­por­ted, ob­vi­ously draw­ing a lot of pub­lic at­ten­tion and in­creas­ing over­all aware­ness for data pro­tec­tion law. However, there is a GDPR en­force­ment real­ity bey­ond re­cord fines and it may be worth tak­ing a closer look: fo­cus­sing solely on severe fines could lead to fear and even re­luct­ance or ig­nor­ance on com­pli­ance is­sues.We still be­lieve that facts are bet­ter than fear.Our con­tinu­ously up­dated list of pub­licly known GDPR fines in the GDPR En­force­ment Track­er is our 24/7 rem­edy against fear: in con­trast, the an­nu­al GDPR En­force­ment Track­er Re­port (“ET Re­port”) is our deep dive ap­proach and per­mits great­er in­sight in­to the world of GDPR fines.
05/04/2022
Back to Ba­sics brief­ings
CMS Funds Group Back to Ba­sics brief­ings in­tend to provide high level in­sights re­gard­ing funds fun­da­ment­als, funds vehicles and op­er­a­tion­al con­sid­er­a­tions New brief­ings are pub­lished on a reg­u­lar basis, cov­er­ing a spe­cif­ic jur­is­dic­tion or top­ic, and provid­ing ba­sic es­sen­tial tech­nic­al ex­plan­a­tions.
30/03/2022
We­bin­ar Re­cord­ing | Vir­tu­al As­sets: Tak­ing Lux­em­bourg one step fur­ther
Dur­ing this 45min we­bin­ar, or­gan­ised by CMS Lux­em­bourg about the Vir­tu­al as­sets, the speak­ers are dis­cuss­ing the fol­low­ing:  The grow­ing im­port­ance of vir­tu­al as­sets and emer­ging chal­lenges linked...