Structuring

Asset management is a global business and our role routinely encompasses the laws and regulations applicable in other jurisdictions. This typically includes assessing the impact of the laws and regulations in the jurisdictions where our clients are seeking to distribute funds and where the funds seek to invest, identifying the most appropriate route to invest and then in due course repatriating gains and other profits.

Our close contacts with the financial community give us up-to-date experience of the expectations of investors and the requirements of stock exchange and securities regulators. We see our role as including practical solutions to foreign investment regulations and controls.

We routinely structure and establish investment products, whether traditional, hedge funds, private equity, real property, feeder funds or funds of funds. We also create structured products to suit investor requirments, for example an investment grade note issued by a regulated financial institution for capital adequacy purposes.

We have a strong reputation for innovation, including for devising innovative structures to enhance shareholder value in closed-ended funds and to facilitate cross-border investment in fiscally efficient manner. We were the 'lead lawyer' to the first investment funds for international investment in countries such as Bulgaria, Chile, Cuba, Greece, Oman and Saudi Arabia as well as some of the earliest funds to invest in Latin America, Eastern Europe, Africa and the Far East.

We advised, this spring, on the launch of the £460 million Fidelity China Special Situations, the largest ever investment trust for an emerging market and fifth largest trust launch of all time.