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The letter and the law

Hedge Funds Review discusses side letters and the issues they present with lawyers from Conyers Dill & Pearman in the Cayman Islands, the British Virgin Islands and Bermuda.

Hedge Funds Review: I see side letters continue to be a hot topic.

Richard Finlay, managing partner, Cayman Islands office, Conyers Dill & Pearman: They certainly are. We at Conyers Dill & Pearman have been urging caution about their use and talking about the issues they present for a number of years now. They started to get media attention early last year when they were described in the Wall

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