"They're extremely focused, diligent and service-oriented. I would recommend them unreservedly."
Chambers 2017

Funds & Investment Structures

Our industry-recognised funds and investment structures practice provides Jersey, Guernsey and BVI legal advice to asset managers and funds investing in private equity, venture capital, real estate, debt and infrastructure.

Across our locations, our specialist teams enjoy proactive relationships with the regulatory authorities and industry bodies ensuring we are at the forefront in shaping best practice and assisting our clients with the latest industry developments.

We provide legal advice covering the entire life cycle of funds and investment structures, from the structuring, operation and regulation of vehicles, to acquisitions, reorganisations, investments and exits.

We advise on all types of investment vehicles including limited partnerships, unit trusts, companies (including cell companies and SPVs), open and closed ended funds and listed structures. Our team has a wealth of experience in assisting with structuring of cross-border investment, including particular experience in relation to Shariah-compliant structures.

We advise on the most complex multi-billion fund vehicles to more closely held investment syndicates, 'club' and joint venture arrangements, and proprietary single-asset holding structures.

We are proud of our diverse and long standing client base that includes boutique investment firms, international fund managers, investment and asset management divisions of global insurance and banking groups, sovereign wealth and pension funds and industry service providers. Further, our excellent relationships with onshore legal advisers help underpin our seamless, timely and commercially-driven service.

Our services for funds and investment structures include:

  • Formation advice
  • Structuring and restructuring
  • Regulation and compliance
  • Investor due diligence
  • Transactional activity
  • Listing services
  • Terminations and liquidations

We are a member of the EVCA, the BVCA, the SVCA and AIMA.

  • They are very attentive and fast to respond to our queries.
    Chambers 2016
  • They're extremely focused, diligent and service-oriented. I would recommend them unreservedly.
    Chambers 2017
  • We have been very impressed with the firm’s knowledge of the regulatory environment and responsiveness to turn things around quickly.
    Chambers 2017
News/Experience
Bedell Cristin finalist in two STEP categories
13 Jun 2017 BVI Guernsey Jersey London Singapore

Bedell Cristin is a finalist in two categories of the prestigious STEP Private Client Awards 2017/18.

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Bedell Cristin team in London 10k charity run

A team from Bedell Cristin joined hundreds of runners on Clapham Common in London on Friday (9 June) to raise funds for LandAid, the property industry charity aiming to end youth homelessness.

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Bedell Cristin advises Regional REIT on acquisition of Conygar portfolio

Bedell Cristin has advised Regional REIT Limited ("Regional Reit"), the UK regional office and industrial property focused REIT managed by London and Scottish Investments and Toscafund Asset Management, on the acquisition of c £129m of UK regional office, i...

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Bedell Cristin advises on sale of Virttu Biologics Limited

Bedell Cristin has advised the Jersey-based majority shareholder of Virttu Biologics Limited (Virttu) on the sale of Virttu to TNK Therapeutics, Inc., a subsidiary of Sorrento Therapeutics, Inc (Sorrento).

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Bedell Cristin is shortlisted for Lawyer magazine award
11 May 2017 Jersey Guernsey London Singapore BVI

Bedell Cristin has been shortlisted for ‘Offshore Law Firm of the Year’ in the prestigious annual awards organised by The Lawyer.

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EU Market Abuse Regulation increases the attraction of the Channel Islands Securities Exchange for listing high yield bonds
Banking & Finance Funds & Investment Structures 11 May 2017 Jersey Guernsey London

The Channel Islands Securities Exchange has experienced an increased interest in listing specialist securities, particularly high yield bonds, since the introduction of a new European Union market abuse regime on 3 July 2016, effected as a result of the new...

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Bedell Cristin's outstanding service secures European Award
10 Apr 2017 BVI Guernsey Jersey London Singapore

Bedell Cristin has been awarded the Offshore Client Service Award at the prestigious Chambers Europe Awards.

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Bedell Cristin to attend Guernsey Funds Forum on 11 May 2017
Funds & Investment Structures 06 Apr 2017 Guernsey

Bedell Cristin are once again exhibiting sponsors at the Guernsey Funds Forum which takes place at etc.venues, 155 Bishopsgate, London EC2M 3YD on Thursday 11 May 2017 from 12pm.

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Bedell Cristin acts as Jersey counsel to Deka Immobilien on the purchase of One Rathbone Square, W1 in London

Bedell Cristin acted as Jersey counsel to Deka Immobilien ("Deka") on its acquisition of the prime mixed-use property at One Rathbone Square in the West End of London. The purchase was made by a joint venture between the open-ended Deka real estate funds, W...

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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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The Channel Islands Securities Exchange Limited (CISE) to rebrand on 6 March 2017 as The International Stock Exchange
Funds & Investment Structures Listing Services 02 Mar 2017 Jersey Guernsey

The Channel Islands Securities Exchange Limited (CISE) to rebrand on 6 March 2017 as The International Stock Exchange

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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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Three Bedell Cristin lawyers sworn in as Advocates

Three Advocates from Bedell Cristin, Rebecca McNulty, Laura Hendrick, and Richard Laignel were recently sworn in at Jersey’s Royal Court.

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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's Guernsey office advised on the launch of new clean-tech fund
Funds & Investment Structures 12 Dec 2016 Guernsey

Bedell Cristin's Guernsey Office has acted as lead adviser to Jordan based promoter Catalyst Investment Management Company on the launch of its latest clean-tech fund.

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New fund regime for Guernsey
Funds & Investment Structures 17 Nov 2016 Guernsey

The Guernsey Financial Services Commission ("GFSC") yesterday launched a new regime for private investment funds, following a brief consultation with industry.

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Bedell Cristin to attend EXPO Real 4 - 6 October 2016
Funds & Investment Structures 22 Sep 2016 Jersey London

We are once again attending EXPO Real, the International Trade Fair for Commercial Property and Investment taking place in Munich from 4 - 6 October 2016.

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Significant milestone for Bedell Cristin
20 Sep 2016 Jersey BVI Guernsey London Singapore

The management buyout of Bedell Trust has completed following regulatory approvals. As a result, Bedell Cristin is now a wholly separate business to Bedell Trust.

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Bedell Cristin appoints two partners in Guernsey

Bedell Cristin Guernsey has announced that two of its leading lawyers, Advocate Jon Barclay and Advocate Richard Sharp, have become partners in the firm.

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Bedell Cristin appoints new Managing Partner in Guernsey
22 Aug 2016 Guernsey

Bedell Cristin has appointed Advocate Kate Ovenden as the new Managing Partner of its award winning Guernsey office.

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IK VII Fund
Funds & Investment Structures 21 Jul 2016 Jersey

Acted for IK Investment Partners Limited in connection with the establishment of a Jersey separate limited partnership...

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Ethos Private Equity Fund VI
Funds & Investment Structures 21 Jul 2016 Jersey

Acted for Ethos Private Equity Pty, widely considered the most experienced and successful private equity investment team in South Africa...

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Pan-European Infrastructure II
Funds & Investment Structures 21 Jul 2016 Jersey

Provided legal advice to Deutsche Asset Management (UK) Limited in connection with the establishment and regulatory licensing of the two general partners of an English limited partnership known as the Pan-European Infrastructure II.

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Pacific Equity Partners Fund V
Funds & Investment Structures 21 Jul 2016 Jersey

Advised Pacific Equity Partners Pty Limited (a leading and award-winning investment team) in connection with their fifth private equity fund which focuses on investments predominantly in Australia and New Zealand.

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New fund for "financier of the year, 2015
Funds & Investment Structures 21 Jul 2016 Jersey

Acted for a well-known private investment company, a "patient" global real estate investor, in the establishment of a Jersey very private fund to invest in UK equity and debt investments, as well as the structuring of a complex carried interest vehicle for ...

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LVP Seed Fund II, L.P.
Funds & Investment Structures 21 Jul 2016 Jersey

Acted in connection with this Jersey limited partnership which is a venture capital fund investing primarily in the online, social and mobile game sector, predominantly in Europe, Israel and Turkey.

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One of the most anticipated hedge fund launches in recent years (according to the Wall Street Journal)
Funds & Investment Structures 21 Jul 2016 Jersey

Advised what was largely reported as the largest hedge fund start-up of 2015 (Bloomberg), in connection with the establishment and regulatory licensing of the Jersey general partner and Jersey manager of the Fund

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New partner appointment in the Bedell Cristin Singapore office

Bedell Cristin has appointed Kristian Wilson as partner in the firm's Singapore office.

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Bedell Cristin strengthens Jersey corporate and commercial team

Bedell Cristin has further strengthened its corporate team in response to sustained client demand through the appointment of Guy Westmacott as Senior Associate in the Jersey office.

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Bedell Cristin acted for Qatar Insurance on a UK property acquisition in May 2016

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Bedell Cristin to attend Guernsey Funds Forum 12 May 2016

Bedell Cristin are once again exhibiting sponsors at the Guernsey Funds Forum which takes place at etc.venues, 155 Bishopsgate in London on Thursday 12 May 2016 from 12pm.

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Bedell Cristin assist on £48.3m acquisition of 1 South Gyle Crescent, Edinburgh

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Bedell Cristin assists in £77m acquisition of Amen Corner, Bracknell

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Lash Group Headquarters, South Carolina, USA, $67,100,000 acquisition
Funds & Investment Structures 22 Apr 2016 Jersey

Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition

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Hough Retail Park, Stafford
Funds & Investment Structures 22 Apr 2016 Jersey

Bedell Cristin acted for Altum Capital Partners Limited in relation to the acquisition of Hough Retail Park, Lichfield Road, Stafford

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Bedell Cristin has two prize-winners for academic achievement in annual awards

Two of Bedell Cristin's lawyers have been recognised for their high academic achievements in 2015.

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Langham Street and Great Portland Street, London
Funds & Investment Structures 19 Feb 2016 Jersey

Bedell Cristin acted for Altum Capital Partners Limited in relation to the acquisition of certain properties at 36 to 40 (even) Langham Street and 94 Great Portland Street, London

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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 acted for Crosstree in relation to property transactions valued at over £291m
Funds & Investment Structures 06 Jan 2016 Jersey

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Avenue Retail Park, Cardiff
Funds & Investment Structures 20 Nov 2015 Jersey

Bedell Cristin acted for Altum Capital Partners Limited in relation to the acquisition of a Luxembourg company which owned the Avenue Retail Park, Newport Road, Cardiff

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Aviva Investors and PSP Investments
Funds & Investment Structures 18 Nov 2015 London

Bedell Cristin acted as Jersey counsel for Aviva Investors and PSP Investments (PSP), one of Canada’s largest pension investment managers, on the sale to PSP of a 50% stake in a central London portfolio.

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Bedell Cristin acted for Crosstree Real Estate Fund in relation to the acquisition and £100m development financing of property at Camden Town Hall, London
Funds & Investment Structures 18 Nov 2015 Jersey

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Revised Chapter 8 Listing Rules for the Channel Islands Securities Exchange Authority

The Channel Islands Securities Exchange Authority Limited (the "Exchange") has carried out a comprehensive review of the Chapter 8 Listing Rules and a revised chapter entitled 'Specialist Securities' will be published and come into effect, today, 19 October...

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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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Bedell Cristin acted for Crosstree Real Estate Fund in relation to the acquisition and £185m development financing of properties at The O2, London
Funds & Investment Structures 15 Sep 2015 Jersey

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ESMA recommends Jersey and Guernsey for AIFMD passport

The European Securities and Markets Authority (ESMA) has issued its advice to the European Commission, Parliament and Council in relation to the application of the AIFMD passport to non-EU Alternative Investment Fund Managers (AIFMs) and non-EU Alternative ...

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Harrison Street
Funds & Investment Structures 13 Aug 2015 London

Bedell Cristin partner Bruce Scott and senior associate Amedeo Claris-Delmedico acted as Jersey counsel to Harrison Street Real Estate Capital in connection with the establishment of its maiden European student housing opportunity fund, which raised €135 mi...

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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 advised the joint venture vehicle established by Cain Hoy Enterprises, LLC, Galliard Homes and MG Properties.
Funds & Investment Structures 10 Jul 2015 London

Bruce Scott and Tom Davies of Bedell Cristin's London office advised a joint venture vehicle established by Cain Hoy Enterprises, LLC, Galliard Homes and MG Properties

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Bedell Cristin named finalist in STEP Private Client Awards
28 Jun 2015 Jersey

Bedell Cristin has been shortlisted in the prestigious STEP (Society of Trust & Estate Practitioners) Private Client Awards for 2015.

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Siemens Divisional Headquarters, Leiden, The Netherlands, €28,500,000 acquisition
Funds & Investment Structures 19 Jun 2015 Jersey

Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition

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Bedell Cristin provides Jersey law advice on 'biggest ever single investment in litigation funding globally'

On 1 May 2015, leading litigation funders Therium Capital Management Limited ("Therium") announced a market-transforming £200 million private fundraising to invest in the costs of large-scale commercial litigation, group litigation and arbitration globally.

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Bedell Cristin is finalist in leading SE Asia Awards
06 May 2015 Singapore

Bedell has been shortlisted in the ‘Offshore Law Firm of the Year’ category in the prestigious Asian Legal Business SE Asia Awards 2015 for the third consecutive year.

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Bedell Cristin to attend Guernsey Funds Forum
Funds & Investment Structures 07 Apr 2015 Guernsey London

Bedell Cristin are once again exhibiting sponsors at the Guernsey Funds Forum which takes place at etc.venues, 155 Bishopsgate in London on Thursday 14 May 2015 from 12pm.

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New Registered Collective Investment Schemes Rules 2015 (the "2015 Rules")

In Guernsey, collective investment schemes (open- or closed-ended) can either be "authorised" or "registered".

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Bedell Cristin shortlisted for a further award
12 Mar 2015 Jersey

Bedell Crsitin has been shortlisted for a further industry awards adding to the accolades achieved to date this year.

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Globalaw and Bedell Cristin BVI

The BVI is the world's leading offshore corporate domicile with close to half a million active companies, a user friendly companies law and a modern Commercial Court.

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Lenovo Global Server Division Headquarters, North Carolina, US$130,100,000 acquisition
Funds & Investment Structures 20 Feb 2015 Jersey

Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition

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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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Bedell Cristin Guernsey wins top captive award for third year
28 Jan 2015 Guernsey

Bedell Cristin Guernsey has been named Offshore Law Firm of the Year in the UK Captive Services Awards 2015.

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Bedell Cristin provides pan Channel Island advice on Covéa's acquisition of Sterling Insurance Group

Bedell Cristin's Guernsey and Jersey offices have acted alongside each other as counsel to the French mutual Covéa in connection with its purchase of UK regulated life insurer Sterling Insurance Group.

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New Year begins with series of awards for Bedell Cristin
27 Jan 2015 Jersey Guernsey

Bedell has been recognised in a number of industry awards.

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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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Onninen Distribution Warehouse, Oslo, Norway, NOK433,000,000 acquisition
Funds & Investment Structures 21 Nov 2014 Jersey

Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition

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New Charities Law in Jersey

The Charities (Jersey) Law 2014 (the "Charities Law") is being brought into force on a staged basis, beginning today, as part of the Island's initiative to strengthen and develop Jersey's position as a centre of excellence for philanthropic wealth management.

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Johnstone House, Aberdeen
Funds & Investment Structures 24 Oct 2014 Jersey

Bedell Cristin acted for Altum Capital Partners Limited in relation to the acquisition of Johnstone House, 50-54 Rose Street, Aberdeen

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Bedell Cristin expands banking and corporate teams to meet growth

Bedell Cristin has further strengthened its banking and corporate teams in Jersey through the appointment of two experienced local lawyers.

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Bedell Cristin joins the World Services Group
05 Sep 2014 Guernsey Jersey Singapore BVI London

We are pleased to announce our membership of the World Services Group (WSG) representing both Jersey and Guernsey in the Channel Islands. We are looking forward to working with other member firms and developing our membership.

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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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Bedell Cristin acts for the Unite UK Student Accommodation Fund (USAF)

Bedell Cristin acted for the Unite UK Student Accommodation Fund (USAF) in relation to its acquisition of a 2,904 bed student accommodation portfolio for £137 million.

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Bedell advises on launch of SOF fund
Funds & Investment Structures 17 Jun 2014 Guernsey

Kate Ovenden and Tristan Ozanne of Bedell Cristin's Guernsey office, together with Kirkland & Ellis LLP, have recently advised SOF Investments Limited in relation to the establishment of Special Opportunities Fund (Guernsey) LP.

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Chambers name Bedell Cristin ‘Offshore Law Firm of the Year’
30 Apr 2014 Jersey

Bedell Cristin has been named ‘Offshore Law Firm of the Year’ at the Chambers Europe Awards for Excellence 2014.

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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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Globalisation of Investment Funds Conference 8 - 10 June 2014
Funds & Investment Structures 05 Mar 2014 Jersey

Emily Haithwaite is a panel member at the Globalisation of Investment Funds Conference in Paris on the 8 - 10 June 2014 "How should alternative funds be structured in the light of new regulation".

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Funds partner to chair the panel on the Channel Islands Model Navigating through Waves of Change
Funds & Investment Structures 24 Sep 2013 Jersey

Emily Haithwaite is chairing the panel focusing on the Channel Islands Model Navigating through Waves of Change at the 4th Annual Channel Islands Funds Forum on 25 September 2013.

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Bedell Cristin advises CVC Credit Partners on new $350m credit opportunities fund
Funds & Investment Structures 30 Aug 2013 Jersey

Bedell Cristin acted as the Jersey legal adviser for CVC Credit Partners Limited in relation to the establishment, launch and listing of CVC Credit Partners European Opportunities Limited (the "Company").

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Due diligence in the BVI - simple but effective
Funds & Investment Structures 18 Jun 2013 Singapore BVI

In the aftermath of the financial crisis of 2008, there has been greater emphasis placed on effective due diligence on investments and acquisition targets.

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Guernsey Update - Alternative Investment Fund Managers Directive ("AIFMD")
Funds & Investment Structures 31 May 2013 Guernsey

On 30 May 2013, the European Securities and Markets Authority ("ESMA") announced that it has approved cooperation agreements to be signed by the Guernsey regulator, the Guernsey Financial Services Commission ("GFSC").

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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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Webcast Roundtable on Practical Implications of AIFMD - 30 April
Funds & Investment Structures 25 Apr 2013 Jersey

Bedell Cristin Investment Funds Partner Emily Haithwaite is taking part in a high level webcast roundtable discussion on how to be better prepared for the introduction of the Alternative Investment Fund Managers Directive (AIFMD).

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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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Bedell advise AXA Real Estate on CISX listed UK REIT for £472m Ropemaker Place acquisition
Funds & Investment Structures 08 Apr 2013 London

Bedell Cristin advised AXA Real Estate Investment Managers (AXA Real Estate) on the recently completed £472m acquisition of Ropemaker Place in the City of London from British Land.

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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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Tower 42

Bedell Cristin advised in relation to the acquisition of the syndicated investment structure, which owns The Tower 42 Estate, Old Broad Street, London.

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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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Aviva Investors REaLM® Multi Sector Unit Trust

We provided Jersey legal advice to Aviva Investors in connection with the establishment and launch of the Aviva Investors REaLM® Multi Sector Unit Trust.

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Union Kokusai Equity Fund

We provided Jersey legal advice in relation to the establishment of the Union Kokusai Equity Fund.

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Cogeflex Limited

We acted as lead counsel to the fund and to Lombard Odier Darier Hentsch & Cie in connection with the restructuring of Cogeflex Limited.

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36 South PLC

We acted as Jersey legal advisers to two Jersey entities in obtaining licences under the Financial Services (Jersey) Law 1998.

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Ethos Fund VI (Jersey), L.P.

We advised South African private equity house Ethos Private Equity Limited on the establishment of Ethos Fund VI (Jersey), L.P.

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Adveq Opportunity III L.P.

We provided Jersey legal advice to Adveq Management AG, the Swiss private equity house, in connection with the establishment and regulation of Adveq Opportunity Management III L.P.

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Adveq Technology VII L.P.

We provided Jersey legal advice to Adveq Management AG, the Swiss private equity house, in connection with the establishment of Adveq Technology Management VII, L.P.

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RREEF Pan-European Infrastructure Fund II, L.P.

We advised on this second fund in RREEF's Pan European Infrastructure series, being a closed-ended fund.

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Aviva Investors Returns Enhancing and Liability Matching Funds

Bedell Cristin provided Jersey legal advice to Aviva Investors in connection with the establishment and launch of five Jersey Expert Funds.

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Insights
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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BVI hedge fund overview
Briefings | 21 Jul 2016

The BVI Securities and Investment Business Act (the "SIBA") and the Mutual Fund Regulations (the "Regulations") under which all hedge funds are regulated defines a mutual fund as a company, partnership or unit trust.

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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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Incubator and approved funds now available in the BVI
Briefings | 28 May 2015

Two new fund products have been added in the British Virgin Islands under the Securities and Investment Business (Incubator and Approved Funds) Regulations, 2015 (the "Regulations"); the incubator fund and the approved fund. Following the success of the Ap...

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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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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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Investment Business (Approved Managers) Regulations, 2012, as amended
Briefings | 09 Jul 2014

Much anticipated and welcomed change was introduced to the regulatory regime that applies to British Virgin Islands (BVI) domiciled fund managers and advisors by the Investment Business (Approved Managers) Regulations, 2012 (the "Regulations") as amended wh...

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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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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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Jersey investment funds: an overview
Briefings | 24 Sep 2013

Jersey is one of the premier offshore jurisdictions for the establishment of investment funds and is highly regarded for the quality of its regulatory regime and its legal and other service providers. Investment funds contribute significantly to Jersey's fi...

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Due diligence in the BVI - simple but effective
Briefings | 17 Jun 2013

In the aftermath of the financial crisis of 2008, there has been greater emphasis placed on effective due diligence on investments and acquisition targets. Important lessons should have been learnt from the many high profile hedge fund frauds and failures o...

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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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Guernsey limited partnerships
Briefings | 18 Feb 2013

The Limited Partnerships (Guernsey) Law, 1995 (as amended) (the "Partnerships Law") was enacted to provide the finance industry in Guernsey with an additional flexible vehicle. It provides a limited liability option for a person who wishes to participate fi...

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British Virgin Islands Securities and Investment Business Act, 2010 ("SIBA")
Briefings | 12 Nov 2012

On-going requirements for funds recognised as professional funds or private funds under the provisions of the British Virgin Islands Securities and Investment Business Act, 2010 and the Mutual Funds Regulations, 2010 (together, "SIBA").

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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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Features of BVI limited partnerships
Briefings | 16 May 2012

The British Virgin Islands Partnership Act 1996 (the "Act") reflects many recent developments in partnership law and codifies the law for general partnerships, local limited partnerships and international limited partnerships into one piece of legislation.

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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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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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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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Good things always come in threes
Articles | 18 May 2017

Richard Le Liard, senior associate, presents a round- up of recent regulatory developments. Published in the JEP Funds Review - 18 May 2017.

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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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The BVI: Asian Relationship
Articles | 23 Oct 2013

BVI: Stephen Adams and Kristian Wilson look at The BVI - Asian Relationship - published in IFC Caribbean 2014.

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

Kate Ovenden, Partner writes the Guernsey 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...

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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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Funds: Cracking the codes
Articles | 16 May 2012

Caroline McGrath, lawyer, casts an eye over new codes of practice which have been brought in for certified funds - published in JEP Funds Review May 2012.

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Funds: Codes of Practice for Certified Funds
Articles | 12 Apr 2012

The funds industry in Jersey is anticipating the launch of new codes of practice for certified funds (the "Codes"), to be implement from 31 March 2012 - published in the CISX Bulletin Board magazine Spring 2012.

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