Legal lowdown: Michael Halford, Goodwin
The Drawdown (TDD): What challenges have your clients experienced in recent months?
Michael Halford (MH): There’s been a focus on where to domicile PE funds versus where the firm’s headcount is based. We’re seeing a trend where GPs domicile structures in their main business centres, rather than in alternative jurisdictions where they have less presence.
For example, Goodwin’s annual client update showed there’s been a move from domiciling PE funds in Jersey to the UK, so we’ve been doing more UK funds than before.
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