WBY Lawyers are pleased to have assisted our client in obtaining SFC’s approval for the conversion of a public OFC to a private OFC, which was among the first (if not the first) of its kind, demonstrating our team’s capability in assisting clients through pioneering legal work related to funds. The conversion mechanism underscores the flexibility provided by the OFC, and the SFC was helpful throughout the process. Crucially, we gained insights into the important issue of how non-Professional Investors in a private fund should be dealt with.
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