Terms of Use


This website (the “Website”) is operated by the Municipal Infrastructure Development Fund (“MIDF” or the “Fund”), with registered office at 14, boulevard Royal, L-2449 Luxembourg, registered with the Luxembourg Registre de Commerce et des Sociétés under registration number B-174.243.

The Municipal Infrastructure Development Fund has been established on 12 December 2012 as a société anonyme, qualifying as a société d’investissement à capital variable- fond d’investissement spécialisé under the Luxembourg law of 13 February 2007 on specialised investment funds and is supervised by the Luxembourg Commission de Surveillance du Secteur Financier .

MIDF is not authorised as a Luxembourg credit institution and may not conduct banking activities and/or lend to the public.

The information contained on this website is for informational purposes only. MIDF does not contract or provide services through the website. Nothing on the Website shall be  construed as an offer and/or the solicitation of an offer to buy, sell or hold investment instruments, financial products or conclude any other transactions.

Any investment or any other decisions made by you shall therefore not be based on information available on the Website.

Please read the terms below carefully before using this Website. By using or visiting this Website you accept and agree to these terms of use (the “Terms of Use”). If you do not accept these terms, you may not use the Website.

MIDF reserves the right, at its sole discretion, to change, modify, add or delete portions of these Terms of Use at any time. Therefore, we encourage you to check the Website from time to time to review the current Terms of Use which is binding on you.


MIDF does not guarantee that the Website is available at any time without any interruption or malfunction. MIDF reserves the right to develop, alter, suspend or discontinue any aspect of the Website including, but not limited to, the content available through the Website and your access to it.

Acceptable Use

You must not use the Website for any unlawful or fraudulent purposes.

You must not misuse the Website by introducing viruses, Trojans, worms, logic bombs or other material which is malicious or technologically harmful. In particular, you must not interfere with, damage or disrupt the Website or any part of it, any equipment or network on which the Website is stored or any software used in connection with the provision of the Website. You must not attack the Website via a denial-of service attack.

The use of this Website is made at your own risk. The Website, including all of its contents, is provided without representations or warranties of any kind.

Accordingly, MIDF will not be liable for any loss or damage caused by viruses or any other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary materials due to your use of the Website or to your downloading of any material posted on the Website, or on any website linked to it.


Although MIDF endeavours to ensure that the information contained within this Website is accurate at the time of publication, no representation or warranty is made as to its accuracy, completeness or fitness for any purpose. The Website may contain typographical errors or other inaccuracies, or information that is out of date. MIDF is not obliged to update such material which is provided on as-is basis without any conditions, warranties or other terms of any kind.

Privacy Policy

MIDF has established a Privacy Policy to explain to you how your personal data is collected and used, which you can read using the following "Privacy Policy". Your use of the Website signifies acknowledgement of and agreement to the MIDF Privacy Policy which shall form an integral part of these Terms of Use.

Limitation of liability

The Fund shall not incur any liability whatsoever in connection with the use of the Website under these Terms of Use, including any liability for direct or indirect damages, loss of profits, loss of revenue, loss of goodwill, loss of any software or data, loss of opportunity, loss of use of computer equipment or for any consequential or special loss.

In particular, MIDF takes no responsibility for damages and non-performance caused by unforeseeable, insurmountable, or unavoidable events including without limitation: case of force majeure, strike or labour dispute, war or other violence, fire or other casualty, or any law, order or requirement of any governmental agency or authority.

MIDF does not guarantee and is not liable for the reliability, completeness or accuracy of any data stored on the website, including without limitation content which may include errors and transmission or transcription mistakes.

To the maximum extent permitted by applicable law, MIDF specifically disclaims liability for any errors, inaccuracies and omissions on the Website and for any loss or damage resulting from its use, whether caused by negligence or otherwise

MIDF does not exclude or limit its liability resulting from gross negligence or wilful misconduct; or for death or personal injury resulting from its negligence, fraud or any other liability which may not be excluded or limited under applicable law.

Linked Websites

The Website may contain or be linked to websites, advice or statements of third parties and such links are for information purposes only. MIDF makes no representation as to the accuracy or timeliness of such information, and has not reviewed and will not review such information. Any use of such information and such websites is made at your own risk. MIDF does not take responsibility for the contents of such other websites.

Intellectual Property Rights

All copyright, trademarks, designs, patents, intellectual and other property rights in the information contained herein or otherwise on this Website, are owned by MIDF or their respective third party licensors. No intellectual property rights are licensed, assigned or shall otherwise pass to persons using the Website.

These Terms of Use do not grant you any right to use any such intellectual property rights, other than permitted herein.

You are permitted to consult, print and download extracts from this Website only for your personal reference in connection with the use anticipated by this Website, and only provided that no documents and information are modified or disseminated by you outside the scope of the Website.

Any commercial use of this Website or its content is strictly prohibited.

General provisions

If you breach any provision of these Terms of Use, your permission to use this Website automatically terminates and you must immediately destroy any downloaded or printed extracts from this Website.

The failure of MIDF to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of such right or provision. The section titles in these Terms of Use are for convenience only and have no legal or contractual effect.

Governing Law and Submission to Jurisdiction

These Terms of Use and any dispute or claim arising out of or in connection with it or its subject matter shall be governed by and construed in accordance with the laws of Grand Duchy of Luxembourg and shall be subject to the exclusive jurisdiction of the Courts of Luxembourg-City.


If you have any questions regarding these Terms of Use or do not feel that your concerns have been addressed, please direct your questions to MIDF using "Contact".