Analysing the impact of ATAD 2 on Alternative Invesments

• Typical fund structures

• Hybrid mismatches in the context of Alternative Investment Funds

• • Hybrid financial instruments

  • Hybrid entities

• Considering the potential impact on Luxembourg and foreign funds

• Carve-outs and limits that may apply in a fund context

• Opportunities for managing the impact of the new rules

• Comments made by the Luxembourg State Council

• Reverse hybrid mismatch rule

• Burden of proof

•  Case studies