PENSION SCHEME INVESTMENT -
New investment could have faced trustees with unlimited liability -
Our investment funds team recently identified some highly detrimental terms, including potential unlimited liability, in the governing documentation of a proposed private equity investment by pension scheme trustees. Despite the trustees being introduced to the investment after other co-investors, and being told that the terms were "market standard", it was possible to negotiate solutions to the issues and agree fairer terms for our client.
Please see full publication below for more information.