Investment Fund Governance Lawyers

Our Fund Governance Advisory team advise investment funds and private equity fund boards, general partners, trustees, independent directors and non-executive directors, regarding their responsibilities, duties, obligations and liabilities collectively and individually.

Our highly experienced team regularly collaborate with our market leading Fund Disputes team and the Global Fund and Investments Services team; who are experts in fund formations, to deliver a comprehensive and insightful service on all fund governance issues. We also support investors in their due diligence reviews of international investment funds and private equity funds.

Our team also provide advice to:

  • Service providers to offshore funds on any regulatory concerns they may have in relation to their fund clients. This service covers advice over the life of the offshore fund, from the set-up phase, through operation, to distressed situations and termination.
  • Investors in connection with their investment in offshore investment funds and private equity funds.

In addition, we also advise Fund Boards and Investment Managers:

  • In the set-up phase – undertaking an independent review of the fund offering document and constitutional documents (including investment management agreements) and advising on consistency and market practice
  • Advising in relation to distressed situations, informal wind-downs and termination options
  • Providing guidance on the scope and applicability of directors’ duties, the duties of a general partner or other governing body
  • Assisting the fund board in the negotiation and consideration of the terms of side letters
  • Advising on the identification and management of conflicts of interest
  • Guiding the board on appropriate levels of oversight and enquiry of delegated functions and the establishment of committees
  • Providing assistance on the development of policies and procedures for the fund
  • Advising on regulatory governance issues
  • Reviewing and advising on directors & officers’ insurance (D&O)

Advise investors & service providers:

  • Conducting investor reviews of fund offering documents and constitutional documents (including investment management agreements) and advising on consistency and market practice
  • Assisting investors in the negotiations and consideration of the terms of side letters
  • Advising in relation to distressed situations, informal wind-downs and termination options
  • Advising service providers in relation to reporting requirements to regulatory authorities, tipping-off and other regulatory matters relevant to their role in relation to fund clients
Our Experts
  • All
  • Mauritius (4)
  • Hong Kong (4)
  • Isle of Man (3)
  • Guernsey (5)
  • Seychelles (1)
  • Jersey (3)
More news
Appleby-Website-Regulatory-Practice
19 Mar 2026

Key Regulatory Requirements of SIBA Registered Persons in the Cayman Islands

Registered Persons under the Securities Investment Business Act (Revised) (SIBA) attract regulatory requirements including annual reporting requirements with key filing deadlines falling in January and, typically, December each year. The Cayman Islands Monetary Authority (CIMA)’s recently issued General Industry Notice to the effect that all SIBA Registered Persons will be additionally required to submit a Prudential Information Survey for the 2025 calendar year (by 31 March 2026) has signaled CIMA's continued focus on enhancing the resilience, transparency and prudential soundness of the securities investment business (SIB) sector in the Cayman Islands. Accordingly, this briefing reviews some of the other key regulatory and reporting obligations that attach to Registered Persons under SIBA, CIMA’s associated Rules and Statements of Guidance (SOG), the applicable Anti-Money Laundering Regulations (Cayman AML Regulations) the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations (Revised) (Cayman CRS Regulations) and, where applicable, The International Tax Co-operation (Economic Substance) Act (Revised) (ES Act).

Website-Code-Jersey-1
19 Mar 2026

Streamlining of Regulatory Scope in Jersey: The Control of Borrowing (Jersey) Amendment Order 2026

Appleby Jersey experts explain the Control of Borrowing (Jersey) Amendment Order 2026, which comes into force on 13 April 2026 and materially reduces the circumstances in which a COBO consent is required

Appleby-Website-Mergers-and-Acquisitions
17 Mar 2026

Mergers and Acquisitions in the Isle of Man: In-Depth

Appleby has contributed to a guide on Mergers and Acquisitions in the Isle of Man for Lexology Panoramic as part of the In-Depth: Mergers and Acquisitions global overview, in collaboration with Slaughter and May.

Appleby-Website-Transport-and-Logistics
11 Mar 2026

Ship Arrest in Mauritius: Legal Certainty Under the 1952 Convention in a Changing Maritime Landscape

Mauritius is considered as an attractive option when considering ports in the region to secure maritime claims through in rem judicial proceedings namely ship arrest. While its strategic geographical position on the Western Indian Ocean marine highway as well as its well-tried regulatory framework on ship arrest do raise interests of maritime claimants, nevertheless, have also been raised as to the adequacy of the existing law governing ship arrest, in the light of the evolution of shipping business and heightened risks of damage and loss associated with maritime operations.

Appleby-Website-Guernsey3
10 Mar 2026

Guide to Offshore Opinions in Guernsey

Our Guide to Offshore Opinions in Guernsey explains what Guernsey legal opinions are and how they provide assurance that a Guernsey party has the legal capacity to enter into a transaction and that the relevant documents are valid, properly executed, and enforceable. It is intended as an overview and does not provide a comprehensive summary of the law or the full range of issues that may be addressed in a legal opinion.

Appleby-Website-Regulatory-Practice
3 Mar 2026

Cayman Islands Regulatory Round Up - Winter 2025/26

The round-up provides a concise yet thorough summary of regulatory developments relevant to financial service providers (FSPs) and other stakeholders in the Cayman Islands. It highlights key legislative changes, publications by the Cayman Islands Monetary Authority (CIMA), updates on financial sanctions, and anticipates upcoming changes through "horizon scanning”. Links to the underlying CIMA publications, as well as related Appleby published briefings and e-alerts are available throughout this document. The information provided is “as of” 28 May 2025.