Dealing with Potential Conflicts between the Board of the AIF and the Board of the AIFM - 2nd edition
The AIFMD focusses most of its attention on the AIFM, while Luxembourg corporate law looks to the Governing Body of the AIF to take responsibility for the AIF. Meanwhile, with portfolio management and distribution usually delegated to another entity, operational controls are potentially the responsibility of yet another board in another jurisdiction.
These differences between the European Directive and local corporate law has potential to create conflict between the different Boards involved in managing an AIF.
ILA is presenting the second edition of a round-table seminar to explore some of these conflicts via case-studies.
The first edition provoked a lively debate amongst the audience, and ILA expects that members attending will be keen to engage on a range of current topics that have great potential for confusion of responsibilities and conflict between different governing bodies