Comparability of Investment Funds – CJEU decision on case C-545/19

Recently, a decision was issued by the Court of Justice of the European Union (“CJEU”) setting a precedent for foreign funds investing in Portugal and potentially also in other jurisdictions.

The decision follows a controversial opinion of Advocate General Juliane Kokott (“AG”) issued a few months ago in the case. Fortunately, the judges did not follow the AG’s reasoning in full. Overall, this decision sends yet another positive signal to the investment fund industry.