Offshore: A Step Too Far
Paul Govier examines the provisions of the EU's draft directive on alternative investment fund managers that may affect the ability of European investors to invest in funds managed or set up outside of the EU. He discusses the main themes emerging from the draft directive and points to the criticism that it has received from the funds industry. Paul also addresses some of the issues surrounding regulation and protectionism and credits the Cayman Islands' tried and tested regulatory regime as the main reason for its popularity as a non-EU hedge funds domicile.
The article was published in Legal Week and is available on their website at legalweek.com.