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Biography

Vanessa Molloy
Vanessa Molloy Harneys front portrait image

Vanessa Molloy

Partner | Funds & Regulatory | Luxembourg
+352 27 86 71 10 vanessa.molloy@harneys.com
Biography

Vanessa Molloy is managing partner of our Luxembourg office and head of our Luxembourg Investment Funds team. She has over 18 years of experience on the structuring, regulatory and corporate cross border aspects of Investment Funds (regulated and unregulated, BVI, Cayman and Luxembourg). Vanessa has been practising in Luxembourg since 2008. Vanessa advises a number of international fund managers, family offices and institutional investors on Luxembourg and BVI domiciled investment funds focussing on all asset classes including real estate, private equity, venture capital, hedge, and debt/credit funds and the corporate, regulatory, and c ...

Vanessa Molloy is managing partner of our Luxembourg office and head of our Luxembourg Investment Funds team. She has over 18 years of experience on the structuring, regulatory and corporate cross border aspects of Investment Funds (regulated and unregulated, BVI, Cayman and Luxembourg). Vanessa has been practising in Luxembourg since 2008.

Vanessa advises a number of international fund managers, family offices and institutional investors on Luxembourg and BVI domiciled investment funds focussing on all asset classes including real estate, private equity, venture capital, hedge, and debt/credit funds and the corporate, regulatory, and compliance aspects of such investment funds and their management entities.

Vanessa’s practice also covers structuring of special purpose vehicles, co-investment vehicles, joint ventures, legal due diligences and negotiating the accompanying agreements (particularly Private Equity and Real Estate).

Vanessa sits on the board of directors of several investment funds launched by international clients. Vanessa is also a regular contributor to our Regulatory Blog.

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Ireland
2018

Luxembourg
2008

British Virgin Islands
2007

England and Wales
2002

South Africa
2000

Rand Afrikaans University (LLB)
1997

Rand Afrikaans University (BComm)
1994

Authored by Vanessa

Regulatory Blog
15th EU sanctions package on Russia published and implemented
Regulatory Blog
Update to EU Sanctions on Russia-Ukraine-Belarus (up to 16 December 2024)
Regulatory Blog
EBA issues final guidelines on internal controls for compliance with sanctions
Regulatory Blog
Key highlights of the new EU Regulation on European Long-Term Investment Funds
Regulatory Blog
ESMA explores alternative identification options for financial reporting with new survey
Regulatory Blog
Streamlined SFC authorisation: FASTrack benefits for Luxembourg-based funds accessing Hong Kong
Regulatory Blog
European Court confirms validity of legal services ban on Russian entities
Regulatory Blog
General Court upholds EU sanctions against NKO AO National Settlement Depository
Regulatory Blog
Progress and challenges in implementing FATF standards on Virtual Assets
Regulatory Blog
EDPB issues opinion on main establishment rules for data controllers
Regulatory Blog
MiCA July updates: New guidelines, increased transparency and supervision priorities
Regulatory Blog
Key guidelines of CSSF Circular 24/856 on Investor Protection (NAV errors/breach of investment restrictions and other errors)
Regulatory Blog
EBA issues Travel Rule Guidelines for crypto asset and fund transfers
Guide
Luxembourg Société de Gestion de Patrimoine Familial
Regulatory Blog
ESMA seeks input on Liquidity Management Tools for funds
Regulatory Blog
Compliance alert: G7+ oil price cap risks
Regulatory Blog
EU's 14th sanctions package against Russia: Key measures
Podcast
Chat OMP - Luxembourg's legal lens: Our Luxembourg Managing Partner Vanessa Molloy's journey
Regulatory Blog
EU Council approves establishment of centralised Anti-Money Laundering Authority and related rulebook
Regulatory Blog
ESMA seeks feedback on UCITS Eligible Assets Directive review
Regulatory Blog
EBA publishes final set draft technical standards for asset-referenced tokens under MiCAR
Regulatory Blog
The EU Directive criminalising the violation and circumvention of EU sanctions is published in the Official Journal of the EU
Regulatory Blog
ESMA's response to the revised ELTIF Regulation: Proposed amendments and balancing investor interests
Regulatory Blog
New guidance on Article 5r reporting requirements for outgoing transfers related to Russian-owned entities; Template reporting forms released
Regulatory Blog
European Council gives final approval on a new directive to criminalise the violation and circumvention of EU sanctions
Regulatory Blog
AIFMD II published in the Official Journal of the European Union
Regulatory Blog
CSSF issues new guidelines for investor protection in collective investment undertakings
Regulatory Blog
ESMA releases third consultation package on MiCA
Regulatory Blog
CSSF updates FAQ for guidelines for UCIs investing in Virtual Assets
Regulatory Blog
EU adopts its 13th package of sanctions against Russia
Regulatory Blog
The European Parliament has adopted the AIFMD 2.0 text
Regulatory Blog
EU Council and Parliament forge comprehensive anti-money laundering deal to strengthen financial defences
Regulatory Blog
ESMA consults on essential MiCA draft guidelines: Reverse solicitation and financial instruments
Regulatory Blog
EU implements sanctions framework against financiers of Hamas and Palestinian Islamic Jihad
Regulatory Blog
EU enhances sanctions reporting obligation on payment transfers by EU entities with ties to Russia
Regulatory Blog
EU Commission welcomes agreement on EU Anti-Money Laundering Authority
Regulatory Blog
EU guidance on firewalls to safeguard entities amidst Russia asset freezing measures
Regulatory Blog
EU strengthens sanctions against Russia through its 12th package of measures
Regulatory Blog
Luxembourg minimum net wealth tax judged unconstitutional
Regulatory Blog
EU prepares for the Digital Operational Resilience Act strengthening financial cybersecurity
Article
Key changes to the Luxembourg-UK double tax treaty – the beginning of a new era
Regulatory Blog
European data protection authorities collaborate to enhance GDPR enforcement
Regulatory Blog
Protecting personal data in financial and payment services: EDPS recommendations on the European Commission’s proposals
Regulatory Blog
Important update: Luxembourg adopts Digital Company Law - Effective 1 August 2023
Regulatory Blog
Sanctions Circumvention Guidance for European Operators
Regulatory Blog
EU’s BEFIT initiative: Simplifying tax compliance in the EU
Regulatory Blog
EU reaches provisional deal to strengthen banks dealing with crypto assets
Regulatory Blog
EU reaches provisional agreement on AIFMD II and UCITS “plain-vanilla EU investment funds”
Regulatory Blog
European Court of Justice rules against Meta on dominant position abuse and GDPR breaches
Regulatory Blog
EU-UK Memorandum of Understanding on financial services regulatory cooperation: Opening a new chapter
Regulatory Blog
EBA issues 4th Opinion on money laundering and terrorist financing risks in the EU financial sector
Regulatory Blog
EU Council finalises position on law aligning penalties for sanctions violations
Regulatory Blog
Further enhancement of Luxembourg’s fund regime
Regulatory Blog
Luxembourg lists of CRS Participating and Reportable Jurisdictions
Regulatory Blog
ESMA warns of the risks arising from the provision of unregulated products and/or services by investment firms
Regulatory Blog
European Commission proposes new rules for GDPR implementation in cross-border cases
Regulatory Blog
EU’s 11th Package of Sanctions against Russia: Expanded measures and countermeasures
Regulatory Blog
EU Parliament votes on negotiating ground-breaking Artificial Intelligence Act
Regulatory Blog
ESRB’s latest report sheds light on cryptocurrencies and DeFi risks
Regulatory Blog
New era of crypto regulations: MiCA and travel rule regulations published in the Official Journal, MiCA overview guide included
Regulatory Blog
European Council extends cooperation initiatives on crypto-assets and wealthy individuals in taxation, relevant to MiCA and DAC8
Regulatory Blog
Record-breaking GDPR fine: Meta faces €1.2 billion penalty for data transfers to the US
Regulatory Blog
EU AI Act: Paving the way for ground-breaking artificial intelligence regulations
Regulatory Blog
European Council adopts ground-breaking MiCA framework and travel rule regime
Regulatory Blog
EU prepares for an 11th package of Russia sanctions
Regulatory Blog
European Parliament approves tougher measures against money laundering and terrorist financing and the 6th AML Directive
Regulatory Blog
European Parliament approves MiCA and travel rule regulations, updated texts disclosed
Regulatory Blog
EU steps forward with MiCA and travel rule regimes
Regulatory Blog
Summary of UK and EU price caps on Russian oil and petroleum products (December 2022 to March 2023)
Regulatory Blog
ESMA expresses concerns on proposed changes to the insider list regime in the Market Abuse Regulation (MAR)
Regulatory Blog
ELTIF 2.0 Published - A revamp of the European long-term investment funds framework
Article
The impact of the EU’s Alternative Investment Fund Managers Directive (AIFMD) on structures established in Luxembourg: What steps must be taken to comply with the Directive?
Regulatory Blog
BVI now on the EU list of non-cooperative jurisdictions – The Luxembourg implications
Regulatory Blog
EU Prospectus Regulation – updated ESMA Q&As
Regulatory Blog
Luxembourg - Filing of 2022 questionnaire on financial crime with the CSSF
Regulatory Blog
European Court of Justice decision: Impact on lawyers' fees
Regulatory Blog
ESMA issued risk analysis on crypto-assets and the risks for financial stability
Regulatory Blog
Luxembourg issues a General Licence in relation to dealings with Russia’s National Settlement Depositary (deadline of 7 January 2023 applies)
Regulatory Blog
Wolfsberg Group comments on the EU AML/CFT legislative package
Regulatory Blog
European Commission publishes draft adequacy decision for safe data flows with United States
Regulatory Blog
ESAs published a new set of Q&As on SFDR
Regulatory Blog
CSSF launched a Standardised Model Prospectus for examination for approval of new UCITS
Regulatory Blog
ESMA seeks input on rules for passporting for investment firms
Regulatory Blog
CSSF clarifies for the opening of cash accounts in relation to Luxembourg AIFs
Regulatory Blog
FSB releases a public consultation on proposed framework for international regulation of crypto-asset activities
Regulatory Blog
European Parliament and Council reached a provisional agreement on European long-term investment funds
Regulatory Blog
EU Council approves Digital Services Act
Regulatory Blog
Luxembourg: Reporting requirement for AML questionnaire by AIFs (excluding RAIFs)
Regulatory Blog
Luxembourg regulator updates its FAQ on the AML/CFT RC report
Regulatory Blog
CSSF issues updated FAQs on Capital Risk Fund
Regulatory Blog
CSSF issues circular on UCI administrator developments and requirements
Funds Hub
Jurisdictional comparison British Virgin Islands, Cayman Islands and Luxembourg Investment Funds
Regulatory Blog
CSSF issues FAQ on the AML/CFT compliance officers’ summary report
Article
Luxembourg embraces distributed ledger technology
Article
Challenges and opportunities: The taxation changes to Spanish SICAVs (UCITS)
Regulatory Blog
CSSF published a white paper on Distributed Ledger Technologies (DTL)
News and Deals
Harneys announces firmwide senior promotions and leadership updates for 2022
Regulatory Blog
CSSF advises on the improvement of Risk-Based Supervision
Regulatory Blog
ESMA issues technical standards for the new European Crowdfunding Service Providers for Business regulation regime; new regime officially in force
Regulatory Blog
CSSF issues FAQs on virtual assets