Morgan Lewis Stamford director Joel Seow spoke with the International Financial Law Review about the Singapore Variable Capital Company (VCC) structure, which is expected to be implemented in 2019. Joel said, "As with any new framework legislation, we anticipate that it will take time for the industry to familiarise themselves with the legislative and operational requirements, including those relating to the ringfencing of liabilities between different sub-funds within the same umbrella fund.”
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