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 Street Journal as the hedge fund industry's "ticking time bomb."

Earlier this year, the UK's FSA said it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here