Basic Info

Willa Legal is a trusted award-winning boutique Hong Kong law firm offering private investment funds related legal services. Our clients are primarily fund sponsors, fund managers, fund investors and family offices.

Willa Legal’s specialized services for fund managers

Willa Legal advises fund sponsors, asset managers and financial institutions on establishing and growing their funds business and their fund management platforms and supports them on ongoing operations at all stages of the lifecycle of their funds:

  • fund formation – structure, draft and negotiate offering documents (e.g. LPA, PPM, side letters etc), and coordinate closings/subscriptions for funds with various investment strategies (e.g. hedge, private equity, venture capital, distressed asset, credit, fixed income, index, real estate, pre-IPO investments, art etc) and of different fund structures, such as:
  • Hong Kong limited partnership fund (LPF);
  • Hong Kong open-ended fund company (OFC);
  • Cayman Islands exempted limited partnership (ELP);
  • Cayman Islands Segregated Portfolio Companies (SPC); and
  • British Virgin Islands limited partnership (BVI LP).
  • fund raising – review pitch materials and provide Hong Kong securities laws advice on fund raising and marketing.
  • fund operation – draft and review documents for transfer, distributions, redemptions, dissolution and termination.

Willa Legal’s specialized services for family offices

Willa Legal advises families and family offices on their set up, ownership structure and management structure. Willa Legal also drafts and reviews the legal documents with regards to the structures and plans based on the intent, short-term and long-term plans of the families and family offices.

Willa Legal’s specialized services for fund investors

Willa Legal advises fund investors on its investment in private funds and discretionary accounts. Willa Legal drafts, reviews and negotiates fund / investment agreements and side letters.

Willa Legal’s specialized services for other law firms

Willa Legal works with other law firms which do not have a funds practice or a Hong Kong office on private funds matters. In particular, Willa Legal is very strong in Hong Kong fund vehicles (e.g. Hong Kong limited partnership fund (LPF) and Hong Kong open-ended fund companies (OFC)) and Hong Kong securities laws advice relating to fund distribution, marketing and ongoing compliance.

Why work with us

  1. We offer specialized, pragmatic, flexible and efficient legal services for private investment funds.
  2. We understand the needs of our clients in different stages of a fund's lifecycle.
  3. We are a specialist law firm focusing on the private investment funds sector.

Brochure

Company focus

Services

Accounting, Legal & Business Support
Legal

Industries

Financial Services
Legal
Startup

Projects or Case studies (3)

Willa Legal represented a SFC-licensed fund manager in the structuring and negotiation on a RMB200M co-investment project with a family office.

Willa Legal represented a SFC-licensed fund manager in the structuring and negotiation on a RMB200M co-investment project with a family office.

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Willa Legal represented a SFC-licensed fund manager in the structuring, negotiation and revision of a co-investment agreement with respect to a family office’s RMB200 million investment in certain energy infrastructure portfolio in China. This was an inbound investment on energy infrastructure located in China using offshore structures.

Financial Services Investment Management Legal Services

Launching a USD230M hedge fund

Launching a USD230M hedge fund

June 2022 - January 2023

Willa Legal led and advised a Hong Kong SFC-licensed fund manager regarding its establishment of their first hedge fund with a US$230M launch size. Willa Legal provided structuring advice, led the preparation of the fund offering documents, bridged the communication between clients, fund administrators, prime brokers, custodians, tax advisers, Cayman counsel and auditors and launched the fund with the client in January 2023. Thereafter, Willa Legal provided Hong Kong securities law compliance support to the client.

Financial Services Legal Services Services

Willa authored Annotated Limited Partnership Fund Ordinance

Willa authored Annotated Limited Partnership Fund Ordinance

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The Annotated Ordinances of Hong Kong: Limited Partnership Fund Ordinance (Cap. 637) is authored by Willa Chan, our Founding Principal. This is the first edition of this title and was published in January 2023 following the enactment of the Limited Partnership Fund Ordinance (Cap 637) on 31 August 2020. HKLPFs are gaining popularity as a fund structure, especially among funds managed by a SFC-licensed fund manager and funds that are offered to PRC and Asian investors. The annotation aims to set forth, section-by-section, the policy intent and background of the key provisions, some comparison with other popular fund domiciles, the interplay between certain provisions in the LPF Ordinance as well as other Hong Kong Ordinances that commonly affect the fund management sector, including the Securities and Futures Ordinance (Cap 571) and other legislation that governs partnerships in general.

Financial Services Investment Management Legal Services

Contacts

Willa Chan Avatar

Willa Chan

The Founding Principal