Article
Duty of Care by Advisor to Fund can Exist in Absence of Contractual Relationship
In creating the web of contractual relationships when structuring a fund, commercial parties often have a fund managed or advised by a party who is in turn advised by a separate party who has no contractual relationship with the fund. This is often done to achieve tax efficiencies or when a 'white labelling' arrangement is envisaged.
WongPartnership LLP