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  1. See you in court?

    Robert Briant in the British Virgin Islands office of Conyers Dill The litigation surrounding the Madoff feeder funds, as well as the other fraudulent schemes uncovered as a result of the financial crisis, will continue for years to come,” he...

  2. Emerging markets offer promise

    As this side of things comes more into focus, you have to be able to say ‘the very best place for you is C and we can help you out there’,” says Smith.Firms need to focus on providing local legal advice from a global platform, agrees Robert Briant...

  3. Devil is in the detail

    In the British Virgin Islands office, Robert Briant suggests the most important lesson is the need to structure funds properly. This is true even for funds that are considered to be highly liquid with no need for such measures,” he says.He adds...

  4. Offshore future

    But for the Middle East and Asia there may continue to be a future in offshore funds work,” believes Firth.Michael Richardson at Maples and Calder in Cayman is convinced “the offshore hedge fund model may go through some structuring changes but it...

  5. Flexibility and tax dominate structure

    In the British Virgin Islands office Simon Schilder also believes the starting point for any structuring is the hedge fund’s potential investor base. Brian McDermott and Siobhán Moloney at As usual requirements regarding leverage and...

  6. Pricing problems

    So, multiple sets of law may need to be analysed,” she says.Robert Briant at the British Virgin Islands office of Conyers Dill It is the duty of the directors of the hedge fund, as delegated to the administrator or manager, to ensure that an...

  7. Disputes spotlight ways to deal with illiquid assets

    The use of side pockets has not yet been rigorously tested in the offshore courts, note Tania Dons and Richard Finlay at Conyers Dill Some guidance on the suspension of redemptions and the status of investors following the redemption date has...

  8. Staying afloat

    Fund managers are now more aware of the pitfalls and want to include tools in the documentation to provide for possible future contingencies, they note.Robert Briant in the British Virgin Islands office thinks the question really should be: how...

  9. On or offshore? Pros and cons

    Ogier’s Simon Schilder in the British Virgin Islands says the differences between offshore jurisdictions are subtle and not substantive. The constructive approach adopted by regulators in leading centres such as the Cayman Islands, the British...

  10. Waiting and watching the regulators

    However, as long as the regulation is appropriate and not excessive, we believe it can bring long-term benefits to the industry and its reputation.In the British Virgin Islands office of Conyers Dill This will require hedge funds to adopt a more...

  11. Making the right choice

    The decision will depend upon the size and frequency with which new funds are established and the extent to which documents for existing funds are updated,” concludes Tonge.Partner Simon Schilder at Ogier in the British Virgin Islands looks to the...

  12. Pricing in volatility and global reach

    In these areas fees are just one factor in the mix of their choice of firms,” she says.Conyers Dill s Robert Briant in the British Virgin Islands agrees cost will always be a factor in a hedge fund’s choice of law firm.A hedge fund which does not...

  13. British Virgin Islands at a glance

    British Virgin Islands supplement May 2009: Sailing through turbulent waters FactsCountry name: conventional short form: British Virgin Islands; abbreviation: BVIArea: 153 km2Dependency status: overseas territory of the UK; internal self...

  14. What they say about BVI

    British Virgin Islands supplement May 2009: Sailing through turbulent waters Mara Alido Spencer, managing director, ACE Fund Services The British Virgin Islands (BVI) is an attractive jurisdiction for hedge funds, according to Mara Alido Spencer...

  15. BVI auditors braced for increased closures

    British Virgin Islands supplement May 2009: Sailing through turbulent waters Unlike nearby Cayman Islands, the British Virgin Islands (BVI) does not require companies and investment funds based in the jurisdiction to file audited financial...

  16. BVI legal experts meet restructuring challenges

    British Virgin Islands supplement May 2009: Sailing through turbulent waters British Virgin Islands (BVI) law firms have been heavily involved in advising hedge funds hit by the rapid decline in market conditions and investor sentiment.

  17. BVI fund administrators find niche

    British Virgin Islands supplement May 2009: Sailing through turbulent waters The British Virgin Islands (BVI) hosts a vibrant community of small, independent hedge fund administrators. Fortis is understood to have transitioned its biggest BVI...

  18. Preparing for a legislative onslaught

    British Virgin Islands supplement May 2009: Sailing through turbulent waters The British Virgin Islands (BVI), with a population of under 25,000, relies heavily on financial services and tourism to fuel its economy.

  19. BVI regulator ready for scrutiny

    British Virgin Islands supplement May 2009: Sailing through turbulent waters The British Virgin Islands (BVI) takes the regulation of its financial services sector seriously. The Financial Services Commission (FSC), an autonomous regulatory...

  20. BVI hedge funds Industry faces challenges

    British Virgin Islands supplement May 2009: Sailing through turbulent waters These are challenging times for the British Virgin Islands (BVI) hedge fund industry. The fee for incorporating a fund there is $350 compared to around $1,000 or more in...