McGregor & Partners have been advising City of London Investment Management Limited on the regulatory and compliance matters concerning their direct and indirect holdings in Fondul Proprietatea, as well as in relation to the implications deriving from the ongoing litigations initiated by a minority shareholder in respect of the management of Fondul Proprietatea and the position taken by City of London Investment Management Limited in such context. City of London Investment Management is an investment group, specialised in investing in funds on the emerging markets ever since 1991. CoL manages investments of approximately 5 billion USD on behalf of its clients that include worldwide reputable investment institutions, the majority of which have their registered offices in the United Kingdom and United States. Its investment philosophy is based on investments in assets that provide both attractive growth perspectives and significant value. CoL represents the principal operating company of City of London Investment Group PLC, a company listed on the London Stock Exchange.