When investors default – part 1: commitments and consequences

In this article, the first of two (click here to read the follow up article), we look at what happens when an investor in a private equity fund defaults on its obligation to meet drawdown requests; the effects of a default on the fund manager and the other investors; and the tools available to the…

10 tips for legal due diligence

DO… 1. Know you destination Make sure you have a clear idea of your objectives and that you resource your legal due diligence accordingly. Focus in particular on any arrangements or circumstances that appear non-standard, and ensure you have a thorough understanding of all areas that underpin the business’ value (e.g. key assets, key trading…