Litigation – which is expensive, diverts personnel and presents considerable reputational risk regardless of its result – can undermine an investment manager's transactions, relationships and objectives.

The reality, however, is that disputes will arise in commercial transactions. Deal documents should provide for a process to resolve the disputes that do occur in a way that minimizes their impact on the economics and objectives of the transaction.

In his recent article for Hedge Fund Law Report, David Rose, a partner in Pryor Cashman's Investment Management and Litigation Groups, explores how fund managers can incorporate a multi-tiered dispute resolution process within their deal documents, thereby mitigating the impact of disputes among counterparties and salvaging valuable commercial transactions and relationships.

Click here to read the full article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.