Rubinstein & Rubinstein Launches Domestic and Offshore Investment Fund Practice

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Rubenstein & Rubenstein, LLC announces new investment fund practice for their domestic and international clients.

Building on their established international experience and expertise, Rubinstein & Rubinstein, LLP has launched an investment fund practice to benefit domestic and international clients. The investment fund practice has seen a great deal activity in the past few months, including the following highlights:

Asher Rubinstein represented a principal in establishing an international co-investment fund based in New York, London and Dubai. The fund will make investments in private equity buyouts, real estate, aerospace and other sectors. It has also been capitalized by various onshore and offshore investment sources, including "sovereign wealth," i.e., investment by a foreign government.

In addition, Kenneth Rubinstein and Asher Rubinstein represented United States-based principals and foreign- based managers of an investment fund dedicated to investments in the insurance settlement industry. Taking advantage of a tax treaty between the United States and a foreign government, Rubinstein & Rubinstein established the fund in an offshore jurisdiction, reducing taxation to one to two percent. In addition, private placement and foreign registration allowed the fund exemption from S.E.C. and blue sky registration.

Kenneth Rubinstein has also developed a proprietary tax strategy to allow tax-free access to offshore deferred compensation assets by hedge fund and private equity fund managers. The strategy is particularly timely, given the recent calls by members of the United States Congress to increase taxes on the "carried interest" portion of fund managers' compensation. Rubinstein & Rubinstein's tax patent application for this strategy is currently pending before the United States Patent and Trademark Office.

Rubinstein & Rubinstein attorneys can assist clients in various aspects of fund establishment, including:

  • Determining the proper structure for the fund, from asset protection, tax and other perspectives;
  • Analyzing the best jurisdiction in which to establish the fund;
  • Implementing the most effective tax minimization strategies for the fund, its principals, managers and investors;
  • Drafting the fund offering memoranda, contracts and all related documents; and
  • Registering the fund in the appropriate jurisdiction.

For more information, contact Asher Rubinstein, Esq. at (212) 888-6600 or ARubinstein(at)assetlawyer.com, or simply visit http://www.assetlawyer.com
Contact:

Asher Rubinstein, Esq.             
(212) 888-6600
Arubinstein(at)AssetLawyer.com
http://www.assetlawyer.com
Rubinstein & Rubinstein, LLP
18 East 48th Street
New York, NY 10017

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Asher Rubinstein
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