David specialises in financial services law. He primarily advises on the authorisation, launch and ongoing operation of all types of investment funds across the liquidity spectrum.

David regularly advises asset managers on the laws and regulations applicable to both UCITS and AIF investment funds domiciled in Ireland, with a particular focus on the application of AIFMD, the use of the Irish Collective Asset-management Vehicle (ICAV) and the regulation of fund management companies in Ireland.

He also provides general investment management support and advice on the regulatory obligations that asset managers’ contend with.

His notable achievements include the delivery of the first ICAV authorised by the Central Bank of Ireland as both an alternative investment fund and as an internally-managed alternative investment fund manager.

Experience

  • Advised a large U.K. manager on the enhancement of its UCITS management company’s licence through the addition of an AIFM licence, with a bolt-on authorisation to perform IPM;
  • Advised a UCITS management company on the passporting of its marketing licence into various EU member states on both a freedom of establishment and freedom of services basis;
  • Advised a leading asset manager in Ireland on the extension of its AIFM licence through the addition of a UCITS management company licence;
  • Advised the promoter of an ICAV, regulated as a multi-investment manager UCITS, pursuing a range of investment strategies;
  • Advised the asset manager of a unit trust, regulated as a RIAIF, on its re-authorisation as a UCITS and as a money market fund;
  • Advised the asset manager of an ICAV, regulated as a QIAIF, on the approval of a new sub-fund pursuing a private equity strategy.

Contact David

+353 1 637 1585
dnaughton@lkshields.ie

LinkedIn

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  • BBLS
    UCD
    1998
  • LLM
    TCD
    1999
  • Admitted as a Solicitor in Ireland
    Law Society of Ireland
    2002

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