WEBINAR “CLOSED-ENDED FUND AS A HOLDING STRUCTURE”

Сlosed-ended funds (CEFs) have become a popular alternative to foreign holding structures for Russian assets due to sanctions. Despite CEF is not a new instrument, its use as a holding structure is new.

We are pleased to share the recording and slides (both in Russian) of the webinar which TA Legal Consulting and asset manager Olymp Capital held on 2 October 2024. During the webinar, we compared CEF and a private fund, discussed CEF as a suitable option for corporate asset management, analyzed CEF in the context of M&A, looked into CEF infrastructure and expenses, as well as related tax issues.

A survey during the webinar showed that participants consider CEFs for:

consolidating assets (45%)
optimizing taxes (45%)
protecting against sanctions (45%)
attracting investments (33%)
inheritance purposes (29%)

As to the assets to be transferred into a CEF,

73% of participants plan to transfer shares
49% will transfer property
14% securities
20% other assets

Multiple answers were possible in both questions.

We have prepared a check list that will help you understand whether you need a CEF for your business purposes. If you are interested in CEFs, please write to us at marat.agabalyan@ta-lc.com.

DOWNLOAD SLIDES IN RUSSIAN