Disclaimer

You are now connected to the Internet site of the public limited company under Luxembourg law BCB & Partners SA, an investment undertaking duly authorised and supervised by the Supervisory Authority of the Financial Sector (CSSF)

By accessing this site or any of its pages, the user accepts the following rules:

Information

The information and opinions set out on this Internet site contains may not be considered as constituting an invitation, an offer or an incitement to buy or sell securities or any other financial instrument, or an invitation or offer to carry out any operation whatsoever. Before making any decision on investment, the statutory legal documents should be consulted. The information published on this Internet site does not form a part of any contract and can not be invoked for any contractual purposes.

Liability

Except in the case of misconduct or heavy negligence, BCB & Partners SA cannot accept any liability for losses or other prejudice suffered or incurred as a result of taking account of information or data published on this Internet site or occurring as a result of using this Internet site or that may be related to its temporary or permanent interruption, a technical breakdown or a malfunction. The information and opinions published on this Internet site carry no guarantee as to their accuracy, their completeness or their topicality. Nor does BCB & Partners SA give any guarantee as to the proper functioning of this Internet site or the absence of viruses or a major defect in the server.

This site may indeed contain links to third-party sites. These links are proposed for practical reasons only and the inclusion of such a link does not mean that BCB & Partners SA approves, integrates or supports the content of the sites reached via such links. This Internet site may not be linked to any other site without first obtaining the written agreement of BCB & Partners SA, which anyway not assume any liability regarding the existence of such links.

Intellectual property rights

The content of this Internet site may not be represented, copied, adapted or reproduced in any form whatsoever, in part or in full, without first obtaining the consent of BCB & Partners SA, which possesses and has ownership deeds in respect of all the elements constituting the site (design, pictures, logos, ?) The information and data set out on this Internet site are protected by the rules applicable to intellectual property. Surfing on the site does not confer any entitlement in respect of its content, its software, any registered trade names or in any other of its component elements.

Language

The legal version of this Internet site is the French one. Therefore, in case of discrepancies between the French and the English text, the French version shall prevail.

Applicable law and jurisdiction

This legal notice is governed by and must be interpreted according to Luxembourg law. Any dispute that may arise by reason of the use, interpretation or execution of this Internet site shall exclusively fall within the scope of the courts of the City of Luxembourg.

Our opinion

The analysis which could be included in this web-site only represents the opinion of BCB & Partners SA, and should not be considered as an “investment research” under legal sense.