The European medicinal cannabis industry, whilst legalised and well regulated, can still prove difficult to navigate in light of the complexities of modern anti-money laundering and proceeds of crime legislation.
This might include a pay-out upon the end of employment or ill health. Depending on requirements, an ISP can provide either an alternative to or complement traditional benefits such as a pension scheme.
It included about $2.35 billion of financial assets held in U.K. and Mauritius banks, and $1 billion of real estate holdings in hotels, gold mines, farms and resorts in the country and abroad, it said.
The application was made in the context of a wider dispute between two individuals as to the ultimate beneficial ownership of the LP, a dispute which is the subject of an ongoing arbitration in Hong Kong.
"This is an exciting time in the firm generally and in the Luxembourg team specifically, and we look forward to making further announcements about our growth and targeted key recruitment in the coming weeks."
The jurisdiction has a reputation for dealing with complex financial services and commercial litigation based on the relevance of its legislation, the reliability of its court system, and the experience of the professionals who work here.
Mourant is committed to delivering unrivalled client service, and one of the ways that we do this is by providing our people with the tools and opportunities to achieve their career ambitions with us."