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
More news
Appleby-Website-Regulatory-Practice
23 Jun 2026

Important Cayman Islands Industry Advisory: Common Reporting Standard 2.0 and Economic Substance Updates

Further to the introduction of the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025 (the CRS Amendment Regulations or CRS 2.0), the Cayman Islands Department for International Tax Cooperation (DITC) has issued an Industry Advisory flagging certain key updates in respect of Common Reporting Standard (CRS) and Economic Substance (ES) reporting in the Cayman Islands. Cayman Financial Institutions will be required file 2025 CRS Returns and Declarations by 31 July 2026, ahead of the online DITC Portal’s closure to facilitate its transition to XML Schema v3.0. ES courtesy reminders (which have historically been sent by email to designated Responsible Persons in advance of annual ES reporting deadlines) will no longer be issued such that Relevant Entities will need to independently track such deadlines themselves. Updated Individual and Entity CRS Self-Certification forms, aligned with CRS 2.0, are now available online via the DITC website.

GUE
19 Jun 2026

Briefing Note: CDD – Acceptance of Scanned PDFs of Wet Ink Certified Documents

The Guernsey Financial Services Commission (GFSC) has updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (Handbook), introducing changes that affect how regulated businesses verify their clients’ identities and documents.

Website-Code-IOM-1
17 Jun 2026

Changes of control: A recurring gap in fitness & propriety due diligence

Change of control transactions involving Isle of Man regulated entities continue to expose a recurring (and avoidable) risk.  Namely, a failure to carry out, and evidence, due diligence on incoming controllers.