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SICAR lawyer in Luxembourg

The firm supports the creation and legal structuring of a SICAR in Luxembourg, an investment company in risk capital dedicated to venture capital and private equity: choice of form, constitutive documentation, framing of well-informed investors and preparation of the relationships with the CSSF and the regulated service providers.

In short

A SICAR in Luxembourg is a venture capital investment company, a vehicle dedicated to venture capital and private equity, reserved for well-informed investors. Cerno Law Firm, a law firm, structures and documents its legal side: form, articles, offering document and preparation of exchanges with the CSSF. It does not manage funds.

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Maître Cora Maglo, Avocate à la CourResponsible for legal content: Maître Cora Maglo, Avocate à la Cour, Liste I du Barreau de Luxembourg depuis 2009. · Applicable law: Luxembourg

SICAR lawyer in Luxembourg: key points at a glance

Fees, timeframes, documents and deliverables
ItemWhat to know
FeesStated fees. Consultation from 175 € excl. VAT; structuring and documentation of the SICAR on a quote depending on the complexity of the matter. Everything is quoted before any engagement.
Indicative timingThe first documentation is delivered within a few business days; the structuring and supervision timeline depends on exchanges with the CSSF and the regulated service providers.
Documents required
  • Investment project and envisaged strategy
  • Intended SICAR form and identity of the promoters
  • Profile of the targeted well-informed investors
  • Intended service providers (manager, depositary, central administration)
Deliverables
  • Drafted articles and issue document
  • Legal framework for well-informed investors and the investment policy
  • Legal coordination with the service providers and CSSF preparation

The SICAR (investment company in risk capital) is a Luxembourg vehicle designed to invest in venture capital and private equity, reserved for well-informed investors. Its success rests on a suitable form, consistent constitutive documents and a rigorous articulation with the manager, the depositary and the central administration.

Cerno Law Firm structures and documents the legal side of the SICAR, in coordination with the fund manager, the depositary and the central administration, and prepares the items submitted to the supervision of the CSSF. The firm is neither a regulated fund manager nor an authorised AIFM: it acts as legal counsel.

SICAR lawyer in Luxembourg: when should you call on the firm?

As a promoter or investor, you wish to create or structure a SICAR to carry venture capital or private equity investments in Luxembourg.

Without sound constitutive documentation and a clear framework for well-informed investors, the legal certainty of the vehicle and its acceptance by the regulated service providers are weakened.

What happens if you do nothing?

An unsuitable form, an incomplete issue document, poorly framed well-informed investor criteria, an imprecise investment policy, deficient articulation with the manager and the depositary.

A poorly documented SICAR exposes you to friction with the CSSF, to launch delays and to disputes between promoters and investors.

How does the firm step in?

Advice on the form of the SICAR, drafting of the articles and the issue document, framing of the well-informed investor criteria and the investment policy, preparation of the documentation submitted to the CSSF, in coordination with the manager, the depositary and the central administration.

Cerno is a law firm admitted to the Luxembourg Bar: it supports the legal structuring and documentation, without holding itself out as a regulated fund manager or an authorised AIFM. The digital tools serve only to simplify the collection of information, the qualification of the matter and the tracking of steps; they never replace the lawyer’s advice, who drafts and coordinates each document.

Practice areas

When to call on the firm

  • Create a SICAR for a private equity or venture fund.
  • Structure the documentation for well-informed investors.
  • Articulate the relationships with the manager and the depositary.
  • Prepare the legal file submitted to the supervision of the CSSF.

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A simple, transparent process supervised by a lawyer admitted to the Luxembourg Bar.

Today, most cases can be initiated entirely online. Our digital tools streamline administrative steps so the lawyer can focus on the legal analysis of your situation.

Step 1 of 5 · 3 to 5 minutes

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Select your issue, answer a few simple questions and share your documents if needed.

What you get

  • Initial qualification of the case
  • List of useful documents
  • Secure transmission
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What reassures our clients

Confidentiality

Lawyer’s professional secrecy.

Speed

Start your case online 24/7.

Transparency

Fees communicated before engagement.

Expertise

Review by a lawyer of the Luxembourg Bar.

Simplicity

Under 5 minutes to open your case.

Stated fees

Consultation from 175 € excl. VAT; structuring and documentation of the SICAR on a quote depending on the complexity of the matter. Everything is quoted before any engagement.

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FAQ

Frequently asked questions

What is a SICAR in Luxembourg?

It is an investment company in risk capital, a vehicle dedicated to venture capital and private equity, reserved for well-informed investors. The firm structures and documents its legal side.

Does the firm manage the SICAR or act as AIFM?

No. Regulated management is the responsibility of a fund manager authorised by the CSSF and, where applicable, of an authorised AIFM. Cerno is a law firm that supports the legal structuring and documentation, in coordination with these service providers.

Who can invest in a SICAR?

Access is reserved for well-informed investors meeting precise criteria. The firm provides the legal framing for the qualification of these investors in the vehicle’s documentation.

Is Cerno a fund or a piece of software?

No. Cerno is a law firm admitted to the Luxembourg Bar. It provides legal support for the SICAR and coordinates, where needed, the manager, the depositary and the central administration; it does not manage funds and does not provide any regulated management service.

Handled with our network of partners. On regulated matters (funds, AIFM, depositary, CSSF authorisation), Cerno Law Firm provides legal advice and coordination, working where appropriate with lawyers and partners holding the required expertise (management, depositary, CSSF compliance). You keep a single point of contact.

Member of

Affiliations & professional networks

  • Barreau de Luxembourg
  • European Immigration Lawyers Network (EILN)
  • Union des Avocats Européens (AEA)
  • Cross Border Advisory Solutions
  • Institut Luxembourgeois des Administrateurs (ILA)
  • Association Luxembourgeoise des Juristes de Droit Bancaire (ALJB)

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  • The documents to prepare
  • The common mistakes to avoid
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Written by Maître Cora Maglo, attorney at law.

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Founded in 2013; Maître Cora Maglo has been admitted to the Luxembourg Bar since 2009

2013
independent firm
2009
at the Bar since 2009
4,7/5
81 Google reviewsRead reviews

Expertise & authority

Ongoing review and analysis of Luxembourg and European case law

Avocate à la Cour, List I of the Luxembourg Bar since 2009

Trained at the London School of Economics, formerly at Clifford Chance and Bonn Steichen & Partners

Member of international networks: EILN, AEA, Cross Border Advisory Solutions

Every matter handled and approved by a lawyer admitted to the Bar

Support in French and English

They talk about us

The firm referenced and cited

Professional directories, business press and legal publications where Cerno Law Firm and Maître Cora Maglo are referenced.

  • Paperjam
  • Editus
  • AmCham Luxembourg
  • ICLG, Corporate Immigration
  • Lexology
  • Startup Luxembourg
  • Alumni Université de Strasbourg
  • DatoCapital
  • Lawzana
  • Sitipro
  • Opendi Luxembourg
  • Yellow.lu
  • Luxembourg.co
  • Legalist
  • Global Law Lists
  • Debitura

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