In a text in Politika daily on June 10, Legal Committee President Igor Zivkovski explained the novelties brought by the Draft Law on Alternative Investment Funds.
He said that the draft introduces for the first time in Serbian legal system the alternative funds collecting money from the investors with the purpose of investment in other forms of property. In addition, there is no need for the license generally required for the open investment funds with public offering. Alternative investment funds will for the first time have the possibility to register as such, instead of being registered as the limited company which was the case until now, he reminded. Igor Zivkovski drew attention to the new solution of the closed alternative investment fund that doesn’t go through the asset management firm for funds management. The text was focused on the possibilities of financing that the new law will bring to the small and medium companies. The article in Serbian can be accessed here below.
Article in Politika | [383kb, pdf]