Attached files
| file | filename |
|---|---|
| S-1/A - S-1/A - Frontier Funds | d139412ds1a.htm |
| EX-8.1 - EX-8.1 - Frontier Funds | d139412dex81.htm |
| EX-5.2 - EX-5.2 - Frontier Funds | d139412dex52.htm |
| EX-23.1 - EX-23.1 - Frontier Funds | d139412dex231.htm |
| EX-23.2 - EX-23.2 - Frontier Funds | d139412dex232.htm |
Exhibit 5.1
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1095 Avenue of the Americas New York, NY 10036-6797 +1 212 698 3500 Main +1 212 698 3599 Fax www.dechert.com |
April 29, 2016
Equinox Frontier Funds
1775 Sherman Street, Suite 2010
Denver, Colorado 80203
| Re: | Registration Statement on Form S-1 |
Ladies and Gentlemen:
We have acted as counsel to Equinox Frontier Funds, a Delaware statutory trust (the “Registrant”), in connection with the preparation and filing of Pre-Effective Amendment No. 4 to the Registration Statement on Form S-1 (Registration No. 333-210313) filed on or about April 29, 2016 with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), and as subsequently amended on or about the date hereof (the “Registration Statement”), relating to the proposed issuance of the Registrant’s common shares of beneficial interest (“Shares”).
In rendering the opinion expressed below, we have examined and relied on originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records and other instruments and such agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Registrant and others, and such other documents as we have deemed necessary or appropriate as a basis for rendering this opinion, including the following documents:
| (i) | the Registration Statement; |
| (ii) | the Certificate of Trust of the Registrant; |
| (iii) | the Amended and Restated Declaration of Trust and Trust Agreement of the Registrant; |
| (iv) | the By-Laws of the Registrant; and |
| (v) | resolutions of the board of trustees of the Registrant relating to, among other things, the authorization and issuance of the Shares. |
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April 29, 2016 Page 2 |
As to the facts upon which this opinion is based, we have relied, to the extent we deem proper, upon certificates of public officials and certificates and written statements of officers, trustees, employees and representatives of the Registrant.
In our examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as original documents and the conformity to original documents of all documents submitted to us as copies. In addition, we have assumed (i) the legal capacity of natural persons and (ii) the legal power and authority of all persons signing on behalf of the parties to all documents (other than the Registrant).
On the basis of the foregoing and subject to the assumptions and qualifications set forth in this letter, we are of the opinion that when the Shares are issued and sold in the manner described in the Registration Statement, the Shares will be validly issued, fully paid and nonassessable.
The opinion expressed herein is limited to the Delaware Statutory Trust Act and judicial interpretations thereof. We are not members of the bar of the State of Delaware.
We assume no obligation to advise you of any changes in the foregoing subsequent to the date of this opinion.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to this firm under the caption “Legal Counsel” in the Statement of Additional Information forming a part of the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.
Very truly yours,
/s/ Dechert LLP
Dechert LLP