Morgan Lewis partner Ayman Khaleq was quoted by Private Equity Law Report in an article about the implications for the industry following the closure of Abraaj, one of the Middle East’s largest funds. This first article in a two-part series details the reactions of regulators and LPs in the Middle East, and provides an update on the criminal and enforcement actions taken against former executives of the firm.
Discussing the prospect of unfair LP suspicion, Ayman said that “a number of firms are doing things the right way but risk being painted with the same broad brush.”