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.
- Advocate - Jersey
- Solicitor* - England & Wales
- 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.
- 'Hall of Fame' - Legal 500 2018
- 'Leader in their field' - Chambers UK, Europe and Global 2019, 2018 and 2017
- 'Leading individual' - Legal 500 2016
- 'Leading Lawyer' in financial services, capital markets, investment funds and regulatory - IFLR1000 2016
Is professional and respectful, technically excellent and aware of the commercial aspects.Chambers 2018
Martin was fantastic – he was a great intro and very helpful.Family Office COO
Good judgement and strong commercial nous.Chambers 2017
Martin Paul, Tom Davies and Richard Le Liard will be attending the Jersey Funds Conference at the Royal Lancaster Hotel, Lancaster Gate, London on Tuesday 10 September 2019.
In a move which further emphasises that Jersey is 'open for business' for Sharia investment and financing structures, the tax authorities in Jersey have issued a Statement of Practice providing tax certainty for typical Sharia compliant financing structures.
Both Jersey and Guernsey fulfilled commitments made in 2017 to introduce substance measures to meet European expectations on fairness of taxation by the end of 2018 and have now been formally confirmed as 'cooperative jurisdictions'.
At the beginning of October 2018 the European Securities Management Authority (‘ESMA’) published several new Question and Answer (‘Q&A’) documents which will be of interest to those in the funds industry.
We are once again attending EXPO Real, the International Trade Fair for Commercial Property and Investment taking place in Munich from 8-10 October 2018.
Bedell Cristin Partner, Martin Paul, has been recognised in the inaugural Legal 500 'Hall of Fame'. This list highlights law firm partners who have received constant praise by their clients for continued excellence and recognises those who are at the pinnac...
Lawyers from Bedell Cristin have advised Comcast Corporation on the Jersey regulatory aspects of its bid for Sky plc.
Bedell Channel Islands Limited recently assisted Crown UK Holdco Limited, a subsidiary of Cineworld Group Plc, and their English advisers Slaughter and May in connection with Crown UK Holdco Limited's listing of approximately US$4bn loan notes on the Offici...
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.
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.
We are once again attending MIPIM, the world's premier real estate event in Cannes, from 14-17 March 2017.
As lead counsel to JT, Bedell Cristin has significant experience in the telecommunications sector.
Bedell Cristin advised the majority shareholder in establishing a joint venture structure to acquire and develop land in Rossington, Doncaster.
We are once again attending MIPIM - the world's premier real estate event in Cannes, from 14-17 March 2016.
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.
Bedell Cristin partner Martin Paul is due to speak at the Channel Islands Funds Forum in Jersey.
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 ...
We are once again attending MIPIM - the world's premier real estate event - in Cannes from 9-13 March 2015.
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.
Jersey Funds Forum 2014 - The Global Perspective
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 ...
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”).
We are once again attending MIPIM - the world's premier real estate event - in Cannes from 11-13 March 2014.
End of transitional arrangements approaching fast
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...
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).
The Alternative Investment Fund Managers Directive (the "Directive") must be implemented by EU Member States by 22 July 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").
In response to European Union requirements, many offshore jurisdictions have enacted legislation requiring certain tax resident entities to demonstrate sufficient economic substance in the relevant jurisdiction. This table gives a high-level overview and co...
This briefing looks at what Jersey has to offer to real estate investors wishing to structure their real estate investments in accordance with the principals of Sharia (Islamic law), a code of conduct that guides all aspects of Muslim life.
Limited liability partnerships ("LLPs") are used in lots of jurisdictions. But what are the key features of a Jersey LLP?
Under Jersey law, limited partnerships can be established with separate legal personality or full body corporate status. Such partnerships are known, respectively, as separate limited partnerships ("SLPs") and incorporated limited partnerships ("ILPs").
Jersey law security over Jersey intangible movable property such as shares, units and bank accounts is taken by way of a security interest under the Security Interests (Jersey) Law 2012. This briefing summarises the process for enforcing security interests ...
The Companies (Jersey) Law 1991 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 key features of the Law.
A summary winding up is a statutory procedure used to wind up a solvent Jersey company.
New rules on economic substance came into effect on 1 January 2019 in the BVI, Cayman Islands, Guernsey and Jersey. Our experts have put their heads together and come up with their top tips for any company incorporated, registered or tax resident in one of ...
New rules on economic substance came into effect on 1 January 2019 affecting companies and certain types of partnerships incorporated, registered or tax resident in the BVI, Cayman Islands, Guernsey or Jersey. Clients are looking to their corporate service ...
Jersey (like many other offshore jurisdictions) has put in place a law requiring certain companies which are tax resident in Jersey to demonstrate that they have sufficient 'economic substance' in Jersey; this is known as the Taxation (Companies - Economic ...
A leading product in the Jersey funds range is the Jersey private fund - a regulatory classification offering certainty, flexibility and speed to promoters of investment funds.
Jersey property unit trusts (or "JPUTs") are a well-established and popular choice as an offshore investment holding vehicle for real estate. Changes to the taxation of gains on UK property held by non-resident investors have generated renewed interest in ...
This briefing aims to give a brief overview of what the new substance rules will entail for those companies tax resident in Guernsey or Jersey.
From April 2019 gains made by non-residents on all types of UK property will become, for the first time, subject to UK tax. This briefing provides an overview of the new rules, and explores the relevance for offshore-based structures holding UK real estate.
Jersey acts as a global hub for structuring real estate investment. This briefing looks at what Jersey has to offer to real estate investors.
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.
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 act...
This table provides an overview of the different regulatory classifications that are available when establishing a fund in Jersey. Bedell Cristin is able to offer specific advice on the selection of the most appropriate classification.
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...
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...
The Islamic finance sector has grown in recent years from being a specialised niche to a multi-billion dollar global mainstream industry. It has proved dynamic and innovative and has provided an increasing range of sophisticated products. It now offers a re...
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...
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.
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...
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.
This briefing outlines the statutory provisions relating to Jersey schemes of arrangement.
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 ...
This briefing provides a summary of the main provisions of Jersey law relating to protected and incorporated cell companies.
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...
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...
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.
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...
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...
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.
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.
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").
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 ...
On 11 November 2010 the European Parliament approved the Directive on Alternative Investment Fund Managers (the "Directive"), following months of negotiation.
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.
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.
In order that we are able to act for you, the Money Laundering (Jersey) Order 2008 requires us to obtain certain information about you.
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"...
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.
Simon Hopwood and Martin Paul consider recent trends in the Private Equity Real Estate (PERE) sector. Published in Jersey First for Finance - March 2016.
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...
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...