"The team delivers a responsive, cost-effective and commercially focused service - it is able to deal with client pressure most effectively"Legal 500
"The firm understands how clients want and need to get from the start to the end of transactions efficiently and smoothly and in dealing with all issues in a calm, speedy and cost-effective manner"Legal 500
"A great service and good value for money"Chambers and Partners
"They're extremely focused, diligent and service-oriented. I would recommend them unreservedly"Chambers and Partners
Funds & Investment Structures
Our industry-recognised funds and investment structures practice provides BVI, Cayman Islands, Guernsey and Jersey 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 have a wealth of experience in assisting with structuring of cross-border investment, including particular experience in 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.
The team delivers a responsive, cost-effective and commercially focused service - it is able to deal with client pressure most effectivelyLegal 500
The firm provides commercially driven, clear and appropriate advice on a wide range of high value, highly complex, multi-jurisdictional mattersLegal 500
Both the Cayman Islands and the British Virgin Islands (BVI) have announced revised deadlines for tax reporting as a result of the global outbreak of the Covid-19 virus.
As part of Guernsey's Revision of Laws Project, the States of Deliberation have published draft legislation which will amend Guernsey's existing regulatory laws across the banking, fiduciary, insurance and investment sectors.
The Cabinet of the Cayman Islands, exercising its powers under the International Tax Co-operation (Economic Substance) Law, 2020 (the "Law") has released the International Tax Co-operation (Economic Substance) Regulations 2020 (the "Regs").
As part of its measures to support the local and international financial services industry during the Covid-19 pandemic, the Cayman Islands (“Cayman”) Government has deferred the deadline for payment of annual return fees for all corporate entities and exem...
Bedell Cristin has advised Inflexion Private Equity on the acquisition of Estera, a leading global provider of funds, corporate and trust services, from previous owner Bridgepoint.
Richard Le Liard and Bruce Scott will be attending the Jersey Finance Funds Masterclass at the Sofitel St James in London on Thursday 6 February 2020.
As of 1 October 2019 lists of names of the current directors and alternate directors of a company ("Company") incorporated in the Cayman Islands ("Cayman") and of the current managers of a Cayman limited liability company ("LLC") will be available on request.
Dylan Latimer has joined Bedell Cristin as partner in its Guernsey office, further expanding the firm’s presence and expertise on the island.
Bedell Cristin lawyers, Simon Morris and Sukhvinder Chana, have been promoted to managing associates in the global financial services law practice.
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.
Two new pieces of Cayman Islands ("Cayman") legislation have introduced important new obligations for trustees of Cayman trusts and Cayman trust companies. There are new obligations on trustees to keep records on those connected with the trust (including se...
The new Cayman Islands ('Cayman') Securities Investment Business (Amendment) Law, 2019 (‘Law’) ('SIBL') has passed, amending the ('SIBL') Securities Investment Business Law (2019 Revision).
The Cayman Islands Monetary Authority ('CIMA') has issued Notices under Regulation 53A of the Anti-Money Laundering (Amendment) Regulations, 2019 ('Regulations') that all persons currently registered as 'Excluded Persons' under the Cayman Islands ('Cayman'...
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.
Kate Ovenden and Richard Sharp will be attending the 10th annual Guernsey Funds Forum at 155 Bishopsgate, London on Thursday 16 May 2019.
We will once again be attending MIPIM, the world's premier real estate event at the Palais des Festivals, Cannes from 12-15 March 2019.
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.
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...
Bedell Cristin has bolstered its Guernsey team through the appointment of Richard Harrington as an Associate in the Litigation team and Jennifer Mills as Legal Assistant in Financial Services.
Bedell Cristin is once again an exhibiting sponsor at the Guernsey Funds Forum which takes place at Etc.Venues, 155 Bishopsgate, London EC2M 3YD on Thursday 17 May 2018 from 12pm.
Bedell Cristin has enhanced its management structure and appointed two Senior Associates, Guy Westmacott in Jersey and Lee Osborne in Guernsey, to a newly created role of Managing Associate.
We are once again attending MIPIM, the world's premier real estate event in Cannes, from 13-16 March 2018.
Teams from Bedell Cristin's London and Jersey offices have advised WisdomTree Investments, Inc. in connection with its definitive agreement to acquire ETF Securities’ European exchange-traded commodity, currency and short-and-leveraged business, which inclu...
Bedell Cristin has advised Leonard Green & Partners, L.P. ("LGP"), a leading US private equity investment firm, on its acquisition of intellectual property management and technology group, CPA Global.
Leading offshore law firm Bedell Cristin has advised The Royal Bank of Scotland International Limited in connection with loan facilities made available to the Channel Islands Property Fund Limited.
We would welcome the opportunity to meet with you or one of your colleagues.
The Guernsey office of Bedell Cristin has advised Artex Risk Services (Guernsey) Limited in connection with its role as settlement and collateral trustee to what is believed to be the first ever issue of ILS notes on a private blockchain. The ‘ILSBlockchai...
Bedell Cristin Jersey and Guernsey have been shortlisted for 'Law Firm of the Year' in the Citywealth IFC Awards 2018.
There has been a great deal of activity across the Channel Islands because of the pending introduction of the European Union’s General Data Protection Regulation (GDPR).
Bedell Cristin is represented at the forthcoming ILS Insight forum hosted by Guernsey Finance in Zurich on 6th July.
Bedell Cristin is a finalist in two categories of the prestigious STEP Private Client Awards 2017/18.
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.
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...
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).
Bedell Cristin has been shortlisted for ‘Offshore Law Firm of the Year’ in the prestigious annual awards organised by The Lawyer.
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...
Bedell Cristin has been awarded the Offshore Client Service Award at the prestigious Chambers Europe Awards.
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.
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...
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.
The Channel Islands Securities Exchange Limited (CISE) to rebrand on 6 March 2017 as The International Stock Exchange
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.
Three Advocates from Bedell Cristin, Rebecca McNulty, Laura Hendrick, and Richard Laignel were recently sworn in at Jersey’s Royal Court.
We are once again attending MIPIM, the world's premier real estate event in Cannes, from 14-17 March 2017.
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.
The Guernsey Financial Services Commission ("GFSC") yesterday launched a new regime for private investment funds, following a brief consultation with industry.
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.
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.
Bedell Cristin Guernsey has announced that two of its leading lawyers, Advocate Jon Barclay and Advocate Richard Sharp, have become partners in the firm.
Bedell Cristin has appointed Advocate Kate Ovenden as the new Managing Partner of its award winning Guernsey office.
Acted for IK Investment Partners Limited in connection with the establishment of a Jersey separate limited partnership...
Acted for Ethos Private Equity Pty, widely considered the most experienced and successful private equity investment team in South Africa...
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.
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.
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 ...
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.
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
Bedell Cristin has appointed Kristian Wilson as partner in the firm's Singapore office.
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.
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.
Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition
Bedell Cristin acted for Altum Capital Partners Limited in relation to the acquisition of Hough Retail Park, Lichfield Road, Stafford
Two of Bedell Cristin's lawyers have been recognised for their high academic achievements in 2015.
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
We are once again attending MIPIM - the world's premier real estate event in Cannes, from 14-17 March 2016.
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
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.
Bedell Cristin partner Martin Paul is due to speak at the Channel Islands Funds Forum in Jersey.
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 ...
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...
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 ...
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
Bedell Cristin has been shortlisted in the prestigious STEP (Society of Trust & Estate Practitioners) Private Client Awards for 2015.
Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition
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.
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.
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.
In Guernsey, collective investment schemes (open- or closed-ended) can either be "authorised" or "registered".
Bedell Crsitin has been shortlisted for a further industry awards adding to the accolades achieved to date this year.
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.
Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition
We are once again attending MIPIM - the world's premier real estate event - in Cannes from 9-13 March 2015.
Bedell Cristin Guernsey has been named Offshore Law Firm of the Year in the UK Captive Services Awards 2015.
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.
Bedell has been recognised in a number of industry awards.
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.
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.
Bedell Cristin acted for Altum Capital Partners Limited in relation to the acquisition of Johnstone House, 50-54 Rose Street, Aberdeen
Bedell Cristin has further strengthened its banking and corporate teams in Jersey through the appointment of two experienced local lawyers.
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.
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 ...
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.
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.
Bedell Cristin has been named ‘Offshore Law Firm of the Year’ at the Chambers Europe Awards for Excellence 2014.
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”).
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".
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.
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").
In the aftermath of the financial crisis of 2008, there has been greater emphasis placed on effective due diligence on investments and acquisition targets.
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").
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 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).
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).
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.
The Alternative Investment Fund Managers Directive (the "Directive") must be implemented by EU Member States by 22 July 2013.
Bedell Cristin advised in relation to the acquisition of the syndicated investment structure, which owns The Tower 42 Estate, Old Broad Street, London.
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").
We provided Jersey legal advice to Aviva Investors in connection with the establishment and launch of the Aviva Investors REaLM® Multi Sector Unit Trust.
We provided Jersey legal advice in relation to the establishment of the Union Kokusai Equity Fund.
We acted as lead counsel to the fund and to Lombard Odier Darier Hentsch & Cie in connection with the restructuring of Cogeflex Limited.
We acted as Jersey legal advisers to two Jersey entities in obtaining licences under the Financial Services (Jersey) Law 1998.
We advised South African private equity house Ethos Private Equity Limited on the establishment of Ethos Fund VI (Jersey), 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.
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.
We advised on this second fund in RREEF's Pan European Infrastructure series, being a closed-ended fund.
Bedell Cristin provided Jersey legal advice to Aviva Investors in connection with the establishment and launch of five Jersey Expert Funds.
As the world continues to lock down in an attempt to stem the coronavirus, there are implications on how firms conduct their business in the era of social distancing.
This briefing aims to give a brief overview of what the substance rules entail for those companies tax resident in Guernsey and Jersey.
The use of electronic signatures is increasingly popular and it is not hard to see why. They provide flexibility and efficiency, without the need for contracting parties to convene at the same location to sign a single document. This briefing covers whethe...
The Limited Partnerships (Guernsey) Law, 1995 (as amended) 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 financially in a partnershi...
With the advent of the pandemic we have seen greatly increased interest in signing documents in electronic form. Helpfully, the Cayman Islands Electronic Transactions Law (2003 Revision) (the "ETL") provides that an electronic signature is treated with the ...
The Private Funds Law was recently passed into law by the Cayman Islands legislative assembly. The new law will apply to closed-ended investment funds, which were previously unregulated in the Cayman Islands by virtue of the fact that they do not issue rede...
The Mutual Funds Law applies to funds that issue equity interests that are redeemable at the option of the investor ("open-ended" funds). Most open-ended funds are subject to regulation by the Monetary Authority (regulated open-ended funds are referred to h...
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").
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.
The Cayman Islands Data Protection Law is in force as of 30 September 2019. This article provides a summary of the main provisions of the Data Protection Law and highlights some important obligations and compliance steps.
New Cayman Islands (‘Cayman’) Anti-Money Laundering (Amendment) Regulations 2019 (‘Regulations’) were introduced in June 2019, and amend the Anti-Money Laundering Regulations (2018 Revision) (‘2018 Regulations’). The Cayman Islands Monetary Authority ('CIM...
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 ...
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.
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.
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...
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...
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 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 ...
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...
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...
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...
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.
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").
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 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.
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.
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"...
Lee Osborne, Managing Associate, reviews the New BVI Limited Partnership Act. Published in the IFC Caribbean - April 2018.
Richard Le Liard, senior associate, presents a round- up of recent regulatory developments. Published in the JEP Funds Review - 18 May 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.
Simon Hopwood and Martin Paul consider recent trends in the Private Equity Real Estate (PERE) sector. Published in Jersey First for Finance - March 2016.
BVI: Stephen Adams and Kristian Wilson look at The BVI - Asian Relationship - published in IFC Caribbean 2014.
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...
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...
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.