Martin Paul

Partner

Martin is head of the Investment Funds and Private Equity group. He has considerable offshore finance experience, particularly in relation to real estate funds, private equity funds and related investment structures. His practice area also encompasses banking and general commercial work and regulatory advice.

Professional
  • Advocate - Jersey
  • Solicitor* - England & Wales

*non-practising

Industry focus
  • Regularly speaks and participates in industry events.
  • A member of a number of Jersey Finance/Jersey Funds Association working groups which examine topical funds issues.
  • Sits on the Jersey Funds Association committee and chairs its education committee.
Credentials
  • 'Leader in their field' - Chambers UK, Europe and Global 2017
  • 'Leading individual' ­- Legal 500 2016
  • 'Leading Lawyer' in financial services, capital markets, investment funds and regulatory - IFLR1000 2016
  • Good judgement and strong commercial nous.
    Chambers 2017
  • Has an impressive knowledge of the regulatory environment.
    Legal 500 2016
  • He's always extremely knowledgeable and up to date on recent trends on the market and he is a great calming influence. He's very responsive and very calm when you speak to him.
    IFLR1000 2016
News/Experience
Jersey private funds: a new regime
Funds & Investment Structures 28 Mar 2017 Jersey

With effect from 18 April Jersey is introducing a new regime in respect of private funds - simplifying the regulatory regime, and extending the benefits of flexibility and speed across Jersey's private funds space.

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Bedell Cristin advises Akina Partners on acquisition by Unigestion
Funds & Investment Structures 02 Mar 2017 Jersey

Bedell Cristin advised Akina Partners on the Jersey-law aspects of the sale of their private equity business to Unigestion to create a merged private equity business with AUM of over US$6 billion.

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Bedell Cristin Partners are attending MIPIM 14-17 March 2017
Funds & Investment Structures 16 Feb 2017 Jersey

We are once again attending MIPIM, the world's premier real estate event in Cannes, from 14-17 March 2017.

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Bedell Cristin provides ongoing advice in relation to the £40m+ JT Gigabit Project
Corporate & Commercial Ongoing Jersey

As lead counsel to JT, Bedell Cristin has significant experience in the telecommunications sector.

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Bedell Cristin advises on structuring for major Internet distributor warehouse
Corporate & Commercial 10 May 2016 Jersey

Bedell Cristin advised the majority shareholder in establishing a joint venture structure to acquire and develop land in Rossington, Doncaster.

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Bedell Cristin partners and directors to attend MIPIM 2016

We are once again attending MIPIM - the world's premier real estate event in Cannes, from 14-17 March 2016.

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Bedell Cristin provides advice on sale of UBS fund services business
Corporate & Commercial 15 Dec 2015 Jersey

Bedell Cristin was appointed to advise UBS in connection with the sale of its Jersey alternative fund services business to Japanese headquartered Mitsubishi Fund Services.

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Martin Paul to speak at Channel Islands Funds Forum on 1 October 2015
Funds & Investment Structures 22 Sep 2015 Jersey

Bedell Cristin partner Martin Paul is due to speak at the Channel Islands Funds Forum in Jersey.

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English and Scottish Limited Partnerships may elect to become Jersey AIFs

The Alternative Investment Funds (Amendment of Regulations No.2) (Jersey) Order 2015 came into force this week, as a result of which English and Scottish limited partnerships may, subject to certain conditions, now elect to be regulated in Jersey as Jersey ...

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Bedell Cristin Partners to attend MIPIM 2015

We are once again attending MIPIM - the world's premier real estate event - in Cannes from 9-13 March 2015.

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New Legislation Promotes Hedge Fund Management Activity in Jersey
Funds & Investment Structures 26 Nov 2014 Jersey

In a welcome development, Jersey's Chief Minister has signed into law new legislation designed to simplify and encourage the establishment and operation of hedge fund management businesses in Jersey.

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Head of funds group to sit on funds forum panel

Jersey Funds Forum 2014 - The Global Perspective

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Commission licences Jersey and non-Jersey LLPs for funds business

In a welcome development, the Jersey Financial Services Commission has confirmed that it will licence both Jersey-law and foreign-law LLPs for fund services business under the Financial Services (Jersey) Law 1998, pursuant to new policy papers published by ...

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Jersey LLPs on the Map

Jersey is one of the few offshore jurisdictions with limited liability partnership legislation, namely the Limited Liability Partnerships (Jersey) Law 1997, as amended (the “Jersey LLP Law”).

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Bedell Cristin Partners to attend MIPIM 2014
11 Feb 2014 Jersey

We are once again attending MIPIM - the world's premier real estate event - in Cannes from 11-13 March 2014.

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Making AIFMD Compliance a Priority for 2014
07 Jan 2014 Jersey

End of transitional arrangements approaching fast

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AIFMD - Cooperation agreement between Jersey and EEA Member States is agreed
Funds & Investment Structures 30 May 2013 Jersey

With just a few weeks to go until 22 July 2013, the date upon which the Alternative Investment Fund Managers Directive (the "Directive") must be implemented in all EEA Member States*, the cooperation agreement between Jersey and the competent authorities of...

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Bedell Cristin assists with AIFMD implementation in Jersey
Funds & Investment Structures 17 Apr 2013 Jersey

Bedell Cristin has seconded Caroline McGrath, one of our funds lawyers, to the Jersey Financial Services Commission (JFSC) to assist with the implementation in Jersey of the applicable provisions of the Alternative Investment Fund Managers Directive (AIFMD).

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AIFMD and the Channel Islands The Private Placement Regime - Obligations and Opportunities
Funds & Investment Structures 25 Feb 2013 Jersey

The Alternative Investment Fund Managers Directive (the "Directive") must be implemented by EU Member States by 22 July 2013.

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Limited Liability Partnerships in Jersey Law amended and came into force 17 January 2013

Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2013 (the "Regulations") came into force on 17 January 2013 amending the Limited Liability Partnerships (Jersey) Law 1997 (the "Law").

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Insights
UK REITs and The International Stock Exchange
Briefings | 13 Sep 2017

In this briefing we focus on the changes to the UK Real Estate Investment Trust (REIT) regime introduced by the UK Finance Act 2012 and the way in which Jersey companies and The International Stock Exchange (TISE) (formerly known as The Channel Islands Secu...

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The International Stock Exchange - Listings
Briefings | 06 Jul 2017

The key advantages to listing on the Official List of The International Stock Exchange (TISE) as operated by The International Stock Exchange Authority Limited (TISEA) are: – TISE is licensed, regulated and supervised by the Guernsey Financial Services Com...

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Jersey investment funds: an overview
Briefings | 05 Jul 2017

Jersey is one of the premier offshore jurisdictions for the establishment of investment funds and other investment structures. Jersey is highly regarded for the quality of its regulatory regime and its legal and other service providers. Investment funds con...

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Jersey private funds
Briefings | 28 Mar 2017

With effect from 18 April Jersey is introducing a new regime in respect of private funds - simplifying the regulatory regime, and extending the benefits of flexibility and speed across Jersey's private funds space.

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Summary winding up of Jersey companies
Briefings | 15 Jan 2016

A summary winding up is a statutory procedure used to wind up a solvent Jersey company.

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Jersey Very Private Funds
Briefings | 19 Oct 2015

A popular choice with those fund promoters looking for a flexible vehicle with a light-touch regulatory regime is the Jersey 'Very Private Fund' ("VPF"). The key criteria for establishing a fund as a VPF is that it must not be offered to more than 15 potent...

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Using a Jersey company for a stock market listing
Briefings | 25 Jun 2015

This briefing looks at Jersey's attractiveness as a location for companies seeking a stock market listing, and considers the practical issues that are likely to be of relevance when structuring a public offering using a Jersey-based vehicle.

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Change of Control Obligations under the Financial Services (Jersey) Law 1998
Briefings | 19 May 2015

This briefing is of interest to entities carrying on financial service business for the purposes of the Financial Services (Jersey) Law 1998, as amended (the "FSJL") and highlights a common pitfall among registered persons (including licensed investment adv...

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Jersey eligible investor funds
Briefings | 07 Oct 2014

Jersey launched a new fund product aimed at "eligible investors", with the issue of the Jersey Eligible Investor Fund Guide (the "Guide") by the Jersey Financial Services Commission ("JFSC") on 22 July 2013.

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Jersey schemes of arrangement
Briefings | 01 Oct 2014

This briefing outlines the statutory provisions relating to Jersey schemes of arrangement.

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Alternative Investment Fund Managers Directive: new Jersey regulations and the impact on existing Jersey structures
Briefings | 01 Oct 2014

This briefing provides an overview of the regulatory authorisations which Jersey AIFs, Jersey AIFMs and other Jersey service providers require in order to continue their EU activities. The regulatory regime for Jersey funds has always distinguished between ...

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Amendments to the Companies (Jersey) Law 1991
Briefings | 06 Aug 2014

The Companies (Amendment No. 11) (Jersey) Law 2014 (the "Amendment Law") came into force on 1 August 2014. The Amendment Law makes a number of significant amendments to the Companies (Jersey) Law 1991 (the "1991 Law") which are designed to bring greater fle...

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Cell companies in Jersey
Briefings | 06 May 2014

This briefing provides a summary of the main provisions of Jersey law relating to protected and incorporated cell companies.

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Jersey limited liability partnerships
Briefings | 08 Apr 2014

Jersey LLPs are governed by the Limited Liability Partnerships (Jersey) Law 1997 (as amended, the "Law"). This briefing summarises the main requirements to form an LLP and highlights its principal features.

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Financial services regulation in Jersey
Briefings | 15 Jan 2014

Jersey's reputation as a leading international finance centre has been assisted by being a well-regulated jurisdiction which applies global standards upon which clients and investors alike can rely. Jersey has been independently assessed by a number of supr...

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Security Interests (Jersey) Law 2012
Briefings | 02 Jan 2014

The Security Interests (Jersey) Law 2012 (the "Law") came into full force on 2 January 2014. The Law significantly reforms the way in which security may be taken over Jersey intangible movable property and will enhance the remedies that are available to a s...

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Overview of Jersey Investment Funds which are subject to the AIFMD
Briefings | 13 Dec 2013

This table provides an overview of the different regulatory classifications that are available when establishing a fund in Jersey which is compliant with the AIFMD. Bedell Cristin is able to offer specific advice on the selection of the most appropriate cl...

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Overview of Jersey Investment Funds which are not subject to the AIFMD
Briefings | 13 Dec 2013

This table provides an overview of the different regulatory classifications that are available when establishing a fund in Jersey which is not required to be compliant with the AIFMD. Bedell Cristin is able to offer specific advice on the selection of the ...

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Real estate holding structures in Jersey
Briefings | 07 Jun 2013

A wide range of Jersey entities may be used for real estate holding structures, with companies, limited partnerships and unit trusts being the most commonly favoured, often in combination. The choice of entity will depend principally on the proposed use of ...

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AIFMD and Channel Island AIFMs: The private placement regime - obligations and opportunities
Briefings | 01 Mar 2013

The Alternative Investment Fund Managers Directive (the "Directive") was published in July 2011. It seeks to regulate alternative investment fund managers ("AIFMs") managing or marketing alternative investment funds ("AIFs") in the European Union.

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Changes to the rules on Jersey fund prospectuses
Briefings | 25 Oct 2012

Changes are being made to the regulation of prospectuses issued by Jersey "certified funds" - that is, collective investment funds established under the Collective Investment Funds (Jersey) Law 1988. (This includes Jersey expert funds, but not private schem...

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Jersey private placement funds
Briefings | 27 Jul 2012

A new private placement fund regime has been introduced in Jersey, with the issue of the Jersey Private Placement Fund Guide (the "Guide") by the Jersey Financial Services Commission ("JFSC") on 26 January 2012. The Guide sets out new criteria for the regul...

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Jersey expert funds
Briefings | 11 Jul 2012

This briefing explains the regulatory classification for collective investment funds established in Jersey qualifying as "expert funds". The expert fund classification provides a flexible "fast track" procedure for the establishment of investment funds in J...

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Jersey listed funds
Briefings | 11 Jul 2012

This briefing explains a new regulatory classification for listed investment funds established in Jersey, which was introduced by the Jersey Financial Services Commission (the "JFSC") with effect from 9 January 2007.

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Jersey unregulated funds
Briefings | 11 Jul 2012

Funds established in Jersey are generally subject to regulation by the Jersey Financial Services Commission ("JFSC"). The degree of regulation varies depending upon the type of fund.

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Private equity funds in Jersey
Briefings | 11 Jul 2012

Private equity funds are typically established as limited partnerships and this overview therefore focuses upon the principal features, formation, regulation and taxation of limited partnerships for such purposes.

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Codes of practice for certified funds
Briefings | 15 Mar 2012

The Jersey funds industry is anticipating the launch of new codes of practice for certified funds (the "Codes") by the Jersey Financial Services Commission (the "JFSC") on 2 April 2012 (the "Effective Date").

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Supply of Goods and Services (Jersey) Law 2009
Briefings | 07 Mar 2012

The Supply of Goods and Services (Jersey) Law 2009 (the "Law") came into force on 1 September 2009. The Law is aimed at consolidating consumer protection in relation to contracts for the supply of goods, hire purchase arrangements and the supply of service...

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Limited Partnerships (Jersey) Law 1994
Briefings | 20 Sep 2011

Limited partnerships in Jersey are governed by the Limited Partnerships (Jersey) Law 1994 (the "Partnerships Law"). Jersey limited partnerships are transparent for the purposes of Jersey taxation. Non-Jersey tax resident investors participating as limited ...

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The AIFM directive - the Channel Islands' perspective
Briefings | 04 Aug 2011

On 11 November 2010 the European Parliament approved the Directive on Alternative Investment Fund Managers (the "Directive"), following months of negotiation.

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Jersey separate and incorporated limited partnerships
Briefings | 29 Jul 2011

It is now possible to establish separate limited partnerships ("SLP") and incorporated limited partnerships ("ILP") in Jersey.

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Cell companies: the segregation of assets and liabilities
Briefings | 22 Jul 2011

The concept of cell companies was first introduced to Jersey in February 2006. In addition to the widely recognised structure of a protected cell company, Jersey also introduced a completely new concept - the incorporated cell company.

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Class G trust company business: the regulation of natural persons acting as directors under the Financial Services (Jersey) Law 1998
Briefings | 22 Jul 2011

This briefing is of interest to Jersey resident individuals who act as company directors, in Jersey or elsewhere, or whose employment (other than by a licensed trust company) requires them to act as company directors to other entities.

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An overview of Jersey company law
Briefings | 05 Apr 2011

The Companies (Jersey) Law 1991 (the "Law") came into force on 30 March 1992. Since that date, the Law has been periodically amended and updated so as to ensure that Jersey company law is modern and flexible. This briefing summarises some of the provisions ...

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Money Laundering (Jersey) Order 2008 - individual client identification
Briefings | 07 Oct 2010

In order that we are able to act for you, the Money Laundering (Jersey) Order 2008 requires us to obtain certain information about you.

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The Anti-Money Laundering Regime: A Jersey Overview
Briefings | 20 Jul 2009

This chapter will appear in the "International Guide to Money Laundering Law and Practice" to be published by Bloomsbury Professional in December 2009.

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The migration of fund functionaries to the Financial Services (Jersey) Law 1998
Briefings | 19 Mar 2009

Since 2003, the Jersey Financial Services Commission (the "Commission"), has been implementing an initiative to integrate a number of pre-existing regulatory laws into the Financial Services (Jersey) Law 1998 (the "FSJ Law"). By providing a "one-stop shop"...

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Jersey companies law amendments
Briefings | 28 Jan 2009

The Companies (Amendment No.2) (Jersey) Regulations 2008 (the "Regulations") and the Companies (Amendment No. 9) (Jersey) Law 2008 (the "Law") were approved by the States of Jersey on 15 and 16 January 2008, respectively. The Regulations came into force on ...

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Regime Change in Jersey
Articles | 18 Apr 2017

Martin Paul, head of funds and private equity group, and Richard Le Liard, senior associate discuss the regime of change in Jersey. Published in Funds Europe: Jersey Supplement 2017.

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The Global Outlook for Jersey Private Equity Real Estate
Articles | 16 Mar 2016

Simon Hopwood and Martin Paul consider recent trends in the Private Equity Real Estate (PERE) sector. Published in Jersey First for Finance - March 2016.

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Alternative Investment Funds 2013: Jersey Chapter
Articles | 12 Jun 2013

Martin Paul, Partner writes the Jersey Chapter for Alternative Investment Funds 2013. This article appeared in the 1st edition of The International Comparative Legal Guide to: Alternative Investment Funds 2013; published by Global Legal Group Ltd, London (w...

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Alternative fund managers face regulatory regime
Articles | 15 Mar 2013

The Channel Islands are set to face a new regulatory regime later this year when a European directive targets alternative investment fund managers. Martin Paul reports - published in The Global Legal Post - 9 March 2013. Please click here for the full Ar...

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