#caif #funds #financialservices #moi #aleo

As regional and domestic markets continue to expand and fuel economic growth, the funds industry of Cyprus is taking a frontline the global investment environment. In particular more and more investors and managers are choosing Cyprus as their prefered jurisdiction for the establishment and administration of their Alternative Investment Funds.

The Benefits of an Alternative Investment Fund in Cyprus is that it offers a range of legal, regulatory and tax solutions to address and meet the needs of AIF    promoters and investors alike. Services     such as setup and acquisition structuring, fund administration, legal, custody and audit are provided in a wide and customized range, and at competitive costs in comparison to other reputable funds jurisdictions. Cyprus has enacted strict Anti-Money Laundering Regulations,  in line with EU and international standards.

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​One of LLPO Law Firm’s partners, Mr. Christos Ioannides, will be presenting at Financial Crime & Forensic Investigations Conference at Hilton Park Hotel in Nicosia, on Tuesday 1st December 2015. Christos will be hosting the subject 'Defence Strategies in Financial Crime Prosecution'.

His presentation will be concentrated on the following topics:

• Adversarial Legal System and the Benefit of the Doubt;
• The Defence Lawyer as a Strategist;
• The Investigation and Pre - Trial strategies;
• Post Investigation Evaluation;
• ‘Let the best story prevail’ Principle’;

Christos Ioannides is a criminal lawyer and together with Savvas Angelides - Head of Criminal Department, are leading  LLPO’s criminal defence team. LLPO is currently defending clients in all the major corruption cases in Cyprus.

The first Financial Crime & Forensic Investigations Conference in Cyprus is offering the opportunity to find out more about new forms of white collar crimes, corporate ethics and independence, and methods for combating/ preventing financial crime.  Presentations will be provided by a selection of high profile industry experts and professionals from both Cyprus and abroad.

Some other guest speakers at the event will be:

• Demetra Kalogerou - Chairwoman of the Cyprus Securities and Exchange Commission.
• Christos Vasiliou - Board Member, Head of Advisory, KPMG Cyprus.
• Evy Poumpouras - Consultant, Former U.S. Secret Service;
• Michael Sauermann - Partner Forensics, KPMG Germany.
• Maros Holodnak - Director Forensics, KPMG CEE.

Financial Crime & Forensic Investigations Conference 2015 Brochure.

For more information please contact Mr Savvas Angelides  and Mr Christos Ioannides,- Partners of LLPO Law Firm Cyprus

The investment management sector is developing rapidly on the island as it has become one of the most appealing countries to start up and manage financial services. With the entrance of Cyprus in the EU in 2004, it has opened many business doors as well as the influence of the CIFs which have successfully set up and operate efficiently. The Cyprus Securities and Exchange Commission (CySEC) licensed nearly 200 CIFs to date.

This adds up to a continuous interest in setting up and operating CIFs in Cyprus as it offers an attractive tax regime. There are lots of reasons why the access of the European Securities Markets is becoming increasingly tempting. Other than providing liquidity and access to a diverse pool of investors, European listings provide companies with the appropriate status for further European and international expansion.

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Nominated Advisor (NOMAD) is a law firm or a financial institution or a Cyprus Investment Firm (CIF) or an audit firm or another legal entity appointed by the Council of the Cyprus Stock Exchange as a Nominated Advisor for the Emerging Companies Market of the Cyprus Stock Exchange which manages and promotes the listing of securities on the Emerging Companies Market and whose name is entered in a special list of Nominated Advisors published by the Cyprus Stock Exchange.

The major role of the NOMAD is to ensure that the issuer/company is appropriate to be quoted on the Emerging Companies Markets (ECM) and to assure that the rules and regulations are complied with on flotation. The NOMAD must be retained at all terms to consult the issuer/company. A short sum up, the NOMAD represent the issuer through the listing procedure and provide advice to the issuer in respect of the compliance of the continuous obligations in the market.

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Listing your company in the Cypriot ECM can offer major benefits as it can be associated with being part of such an efficient run market, as well as the general advantages of being listed, such as marketability and credibility. There is an additional advantage for companies with international interest; (depending on the jurisdiction) they can be safeguarded from the application of CFC rules.

LLPO Law firm is CSE approved NOMAD since 2009. It has a actively reputation for its experience in listing companies in the Cyprus Stock Exchange Market. LLPO’s NOMAD role include:

• Nominated Advisory services
• Preparation of the admission document    
• Preparation of the information memorandum
• Ensuring compliance with ECM rules and regulations
• Subsequent to admission, we will continue to advise the company on its ongoing obligations as a listed company

For more information on this subject please contact Mr. Michael Ioannides - Partner LLPO Law Firm Cyprus

#caif #funds #financialservices #moi #aleo

The Alternative Investments Funds Law of 2014 was enacted by the House of Representatives on 10th July 2014 and came into force on 18th July 2014. The new law replaces the International Collective Investment Schemes Law (ICIS) of 1999.
 
Under the applicable Cypriot legislation, namely the AIF Law, the Cyprus Securities and Exchange Commission (“CySEC”) is the regulatory and supervisory authority for AIFs and may, upon a written application, recognise a FIxed or Variable Capital Company, a Common Fund or a Partnership as a AIF.