Comparative Guides

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4. Results: Answers
Alternative Investment Funds
Tips and traps
What are your top tips for the smooth establishment and management of an alternative investment fund in your jurisdiction, and what specific challenges would you note?

Answer ... The most important point, from our perspective, is to put together a team of experts with experience of the legal and practical matters associated with alternative investment funds (AIFs). Croatia is still a developing market; and although it is part of the European Union, in which established best practices should be implementable across member states, the biggest challenge remains finding the best way to incorporate certain instruments and practices into the national legal system. It is thus of utmost importance to have a team that understands the investment environment and the main objectives of established instruments and practices, and is creative enough to use the tools available under Croatian law to achieve the desired outcome. However, as the number of AIFs on the market grows, and collaboration between teams working in this field increases not only in Croatia, but across the European Union, the practice is slowly but steadily developing and the gaps will soon be closed.

For more information about this answer please contact: Tena Tomek from Marohnic, Tomek & Gjoic
Alternative Investment Funds