Recommendations

The information should be given about the track record of GP

Ilya Alkhimov

Apr 16, 2021 — 1 min read

Explanation

Prospective LPs will expect detailed track record information to be provided by GP as part of the due diligence process.

It is an important part of acting with integrity that the track record accurately represents the past performance of GP and is both complete and accurate. It is possible that such material may be misread or mislead potential LPs, particularly in light of changing circumstances for the GP or if there is a selective presentation of material.

Recommendation

Information relating to track record should not be presented on the basis of selective or incomplete data that is unrepresentative or misleading. The basis of all such statements should be fully disclosed in fund documents. In particular, the period to which the track record information relates and any unusual factors that might affect the returns presented should be disclosed. Gross and net track record information should be calculated and compiled in accordance with the valuation and accounting standards applicable to the fund's jurisdiction. Any use of benchmarks must be appropriate, consistent and clearly defined.

The fundraising team should ensure that all LPs are informed if there are material changes that affect this information prior to final closing.

Track record information may be confidential (e.g. to previous employers or portfolio companies) and the fundraising team should ensure that appropriate consent is obtained before it is used.

Cino attracted €500K investments at Latitude59

Huge congratulations to our client Cino on their achievement (€500,000 investments👏) at Latitude59! The eleventh Latitude59, attended by 3,000 people, was themed “Be Bold”. Almost 400 startups from 61 countries applied for Latitude59’s traditional pitch competition. Both early-stage and more mature technology companies were invited to the

International Sanctions in Estonia and the EU. The Subject.

The terms used in this article are defined in the ISA, in the legal act implementing international sanctions, the Financial Action Task Force’s (hereinafter: FATF) recommendations made in 2012 and the 2013 methodology dictionary, or in EU guidelines and other guidance materials.

One Person as a Board Member and as a Compliance Officer – The Proper Way of Applying and Conflicts of Interest

Compliance with the principles of good corporate governance shall start with the board and its responsibility to foster the long-term success of the company and secure its sustained competitiveness.

Personal Holding Company for Tax Planning

In this post, we will review how entrepreneurs and business owners can use foreign companies for tax optimization.