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Navigating the sanctions maze

Diligence needs to be far reaching, says Dechert.

Compliance: Fund assets, or target ones, and fund LPs can be non-compliant with US sanctions against Russia for a myriad of reasons beyond the obvious ones. But there is no formal process to deal with sanctioned investors or assets, according to Dechert. It all depends on your fund documents. Jen Banzaca has more.

Email prepared by Graham Bippart