The firm

Celia Marchand

Celia Marchand works with clients whose redemption or withdrawal has been refused, from the point the file lands to the point a position exists on paper. She reviews subscription and redemption documents, sets out what the fund or counterparty owes and on what basis, and prepares the file for the step that follows, whether that step is correspondence, a claim, or a referral for enforcement. She does not front the case with promises about outcome; the work is documentation and sequencing.

How the work looks

A file usually arrives with a redemption request that went unanswered or was refused outright, and a set of fund documents nobody has read end to end. The first task is reading them end to end: subscription agreement, offering memorandum, any side letters, the correspondence trail. That reading produces a plain statement of what was promised, what was refused, and what documentation is missing.

From there the work moves toward whichever track fits the facts, coordinated with colleagues covering enforcement and cross-border recognition where the counterparty or its assets sit outside the fund's home jurisdiction. Related mechanics are set out for readers comparing tracks at intermediary exposure in redemption refusals and in the broader overview at refusal cases.