Lawyers recommend Guernsey’s legal environment for alternatives

The European Union's (EU) alternative investment fund managers (AIFM) directive has caused uncertainty but Guernsey law firms such as Carey Olsen, Ogier and Mourant Ozannes predict industry growth.

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Where funds are structured and domiciled, law firms will thrive. That has certainly been the case in Guernsey, which boasts a number of growing and internationally recognised legal practices.

Despite the effect of the financial crisis on hedge funds in the past two years, Guernsey’s law firms report continued strong activity with other work keeping them busy.

At Carey Olsen funds partner Ben Morgan reports “quite a bit” of restructuring and refinancing work during the past three years for existing

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