Five Comments We Make On LPAs (And Why We Make Them…)

Senior counsel Bicrom Das takes a quick look at Cayman comments on LPAs.

Having spent my formative legal years practicing as a private funds attorney in London, one of the things I remember most vividly is the sheer number of comments on fund documents which landed in my inbox. Clients, opposing counsel, offshore counsel, all contributed with varying levels of frequency, detail and insistence to the documents on which I was holding the pen.

My experiences, both positive and negative, of reviewing such comments through the prism of an onshore funds lawyer have guided my own approach to marking up documents that I now receive offshore. Critically, judicious use of the red pen is very much about quality, not quantity: we are here to ensure compliance with Cayman law and try and add value where appropriate but, most importantly, to do so in a way that makes cleints' and onshore lawyers' lives easier.