SPACs in the AIFMD Context

WEISS, Lukáš. SPACs in the AIFMD Context. Financial Law Review. 2022, vol. 27, No 3, p. 33-49. ISSN 2299-6834. Available from: https://dx.doi.org/10.4467/22996834FLR.22.019.16528.

Basic information

Original name

SPACs in the AIFMD Context

Name in Czech

SPAC v kontextu směrnice AIFMD

Authors

WEISS, Lukáš (203 Czech Republic, guarantor, belonging to the institution)

Edition

Financial Law Review, 2022, 2299-6834

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Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50501 Law

Country of publisher

Poland

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

Open access článku

Organization unit

Faculty of Law

DOI

http://dx.doi.org/10.4467/22996834FLR.22.019.16528

Keywords (in Czech)

SPAC; směrnice AIFMD

Keywords in English

SPAC; AIFMD Context

Tags

rivok

Tags

Reviewed

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Abstract

V originále

The growth in the use of Special Purpose Acquisition Companies (SPACs) within the context of the European market economy has been particularly evident in recent months. When structuring SPACs, the question of whether and when SPACs fulfil the objective criteria of the activities indicative of the characteristics of their specific management under the Alternative Investment Fund Managers Directive (AIFMD), arises. SPACs are, in fact, similar in their basics to the alternative investment funds established under this directive and whose investment strategy is directed towards private equity. The aim of this paper is to answer the presented question, which is crucial for current financial market practice. If the intended investment structure of SPACs fulfils the criteria of the AIFMD, it can only be structured under the rules (and restrictions) arising from respective regulations. Any misconduct is otherwise severely sanctioned.