Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 10: Mergers / [93] Expenses relating to the merger.

93.Expenses relating to the merger.

Except for the case of an internally managed AIF in accordance with section 6(2)(a), all expenses associated with the preparation and the completion of the merger, especially the legal, advisory or administrative costs, shall be borne by the external manager of the merging and/or receiving AIF, and not by the merging or the receiving AIF or their unitholders.

It is provided that, the provisions of this section apply to AIFLNPs, as if the reference to article 6(2)(a) is a reference to article 125(1)(a).