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Alerion (Stanislas Vailhen) advised the company Novaxia in obtaining a certificate from the AMF (Autorité des marchés financiers – Securities commission) delivered on April 4th, 2012. This certificate was agreed upon within the framework of the public issue of financial securities proposed by Novaxia. This bound offer named Novaxia Immo Opportunité, allows subscribing to the share capital of three companies intervening in the real estate development and hotel business fields, combining the tax advantages TEPA ISF and Madelin. In the last three years, Alerion has drafted the tax opinion and took part in drafting the prospectus for six clients, in the framework of a tax on capital offer certified by the AMF.