Fund Governance War Stories: An Examination Of Distressed Governance Situations

We were delighted to be joined by Michael Padarin and Jeremy Lightfoot, Partners from Carey Olsen’s Corporate and Litigation practices and DMS’ own Alaina Danley, Independent Director and Managing Director as they shared legal considerations and governance best practices when managing distressed situations. The Discussions included available liquidity mechanisms (suspensions, gates, side pockets), scope of powers and commercial considerations, the effect of fraud on NAV calculations and managing investor communications. They also discussed practical scenarios and ended with an overview of trends currently being seen in the global markets.