Joint ventures: regulation under the AlFM Directive | Practical Law
Certain joint venture arrangements may potentially be subject to onerous and costly regulation under the Alternative Investment Fund Managers (AIFM) Directive (2011/61/EU), which came into effect for existing AIFM on 22 July 2014. The Directive’s framework gives rise to a major change, particularly for the real estate funds industry, which, to date, has been regulated relatively lightly.