International Working Group of Sovereign Wealth Funds Publishes Voluntary Generally Accepted Principles and Practices
October 22, 2008
Colin J. Diamond
DOWNLOAD PDF: International Working Group of Sovereign Wealth Funds Publishes Voluntary Generally Accepted Principles and Practices
Generally accepted principles and practices ("GAPP") issued recently by the International Working Group of Sovereign Wealth Funds ("IWG") call for greater public disclosure and the implementation of appropriate governance, investment and risk management frameworks by sovereign wealth funds ("SWFs"). The GAPP was promulgated to help SWF's demonstrate to home and recipient countries and the international financial markets that SWFs are properly established and managed and that their investment decisions are based on economic criteria. The IWG also believes that compliance with the GAPP will also help stabilize the international financial markets, reduce protectionist measures by recipient countries and help promote an open investment climate. Read the full Alert for full details on the GAPP and aspects of its implementation.
If you would like to know more about the topic mentioned above, please contact the White & Case lawyer with whom you regularly discuss securities matters or any of the following lawyers:
Colin J. Diamond
Partner, Securities Practice
New York
+ 1 212 819 8754
David Goldstein
Partner, Investment Funds Practice
+ 1 212 819 8757
Matthew Judd
Partner, Investment Funds Practice
+ 44 20 7532 2108
This Client Alert is provided for your convenience and does not constitute legal advice. It is prepared for the general information of our clients and other interested persons. This Alert should not be acted upon in any specific situation without appropriate legal advice, and it may include links to websites other than the White & Case website. White & Case LLP has no responsibility for any websites other than its own, and does not endorse the information, content, presentation or accuracy, or make any warranty, express or implied, regarding any other website.
This Client Alert is protected by copyright. Material appearing herein may be reproduced or translated with appropriate credit.
© 2008 White & Case LLP
|