However, many schemes are often faced with incorrect legal advice given to them at some other stage, and this results in a scheme not only being in violation of the prescripts of the law, but even worse, being non-compliant, which often leads to tension between the Scheme Executives and the members of the scheme.
I have conducted several months of research within the industry and sent out an array of services that may be required, to several managing agents which each manage approximately 200 – 900 schemes. It is clearly evident that the majority of schemes urgently require affordable and reliable advice on the governance and legal structure of a scheme, as well as the drafting of correct scheme governance documentation.
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