Paul  Wilkes

Paul Wilkes  

Consultant* | Guernsey

Financial Services and Regulatory

  • Very client-focused and highly effective at getting deals done.
    Legal 500
  • Has commerciality in determining structures that work for both sides of the table.
    Legal 500
  • Paul Wilkes is the key Guernsey funds partner – very accessible and pleasant to deal with, and well-connected in the industry.
    Legal 500
  • We have worked with Wayne Atkinson, Simon Heggs and Paul Wilkes in particular over the last 12 months. All combine sector expertise with commercial advice – they work well with entrepreneurs (which is the bulk of our client base).
    Legal 500 2024 (UK)
  • Paul Wilkes gives great advice and acts as trusted advisers to clients.
    Legal 500 (UK) 2023
  • an excellent communicator who goes the extra mile for his clients.
    Chambers & Partners
  • Paul Wilkes tries to understand the client and match their needs to the law. He is proactive and grasps matters quickly.
    Legal 500 2022
  • Commercially savvy as well as technically proficient.
    Legal 500
  • Extremely proactive and commercial with strong business acumen.
    Legal 500


Paul’s advises on all elements of investment fund establishment, regulation and downstream transactional work. His clients include venture capital, private equity, real estate and hedge fund managers based in the key fund markets of London, New York and Asia with a fast-growing following in South Africa.

"Seeing a client's success and growth over a number of years is the most rewarding part of what I do. Building strong, long-term relationships is the key to our success. It's what makes what we do fun."


Paul joined Collas Crill in 2007, became a group partner in 2011 and headed up the corporate team from 2014 until 2021. During this time he has built a strong network of clients and collaborators and broadened the firm’s profile in the investment funds and corporate space. Between 2014 and 2020 he was an elected member of the Executive Committee of the Guernsey Investment and Funds Association.

Always having taken a commercially-minded approach, in 2021 Paul moved to a consultancy role with the firm alongside an external position as founding partner of a venture capital firm. This brings unique and invaluable experience and perspective to the team in advising fund managers.


Paul started his career in Sydney at King & Wood Mallesons, following a year-long placement as Associate to Justice Reginald Barrett, a Justice of the Supreme Court of New South Wales. He moved to Guernsey in 2006 to a leading offshore law firm.

Paul has a bachelors degree in Physiotherapy (University of Sydney, 1998), an LLB (UNSW, 2003) and an MBA (Oxford University, 2020).

Awards/ Directories

Paul has maintained recommendations by Legal500 and Chambers & Partners since 2011

Legal 500 - 2024 - Hall of Fame

Chambers & Partners 2020 - Leading Individual for Corporate & Finance.


Paul is a member of the Law Society of England & Wales, the Guernsey International Lawyers Association and the Oxford Union.

*admitted in England and Wales

*Executive Assistant
Natalie McLagan

Natalie McLagan

My services

Our fund specialists offer advice on all aspects relating to the establishment, authorisation and structuring of funds and related investment vehicles. We have particular expertise acting for emerging managers who are building their business and acting for institutional investors, including acting for private equity funds and sovereign wealth funds on joint venture and fund investments, as well as planning their internal corporate structures. We provide a highly personalised service working with our clients and their onshore counsel to build strong relationships over the long term.

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Mergers and acquisitions

We regularly act in relation to significant mergers and acquisitions activity in our jurisdictions, whether as lead counsel for strictly local matters or as part of an international team for multi-jurisdictional transactions.

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Fund finance

Fund financing covers a range of financing possibilities but most commonly involves capital call or subscription facilities. It is a specialist area that requires an understanding of fund structuring, the risks involved in lending to funds and specific security requirements. Underlying relationships between investors, borrowers and lenders are key to the success of the industry. We work with lenders and borrowers to maintain these relationships at every stage of the process, with our commercial, efficient and pragmatic approach to managing transactions.

Unregulated and private investment structures

Our investment practice is not limited to regulated investment funds. With private capital deployment a global trend we also advise clients on a range of unregulated and private structures. These include structures allowing new promoters to build a track record or investment clubs to access particular investments without incurring the time or financial cost of entering the regulatory regime. In addition we frequently work with our award winning private client team to provide investment fund like solutions for family offices or HNWs. Our team's experience in this often overlooked area of the investment sector can help our clients manage regulation and plan their structures for future growth without unnecessary limitations.

Business relocations, migrations and continuations

An increasing number of business leaders are looking to relocate their business and indeed live offshore. Our pan-departmental relocation team has the knowledge and experience to assist in all aspects of such a move and welcome you to our islands. We are well placed to advise on and project manage such a relocation and can support with company migrations and continuations, regulatory approvals, housing licences and real estate matters through to introductions to other service providers and complementary local businesses.

For guidance on relocating your business in and out of the BVI, Cayman Islands, Guernsey or Jersey, click here.

Investment fund formation

Our uniquely diverse practice regularly assists with the establishment of both open and closed-ended fund structures. In addition to traditional Channel Island private equity and real estate structures and Caribbean hedge funds, we have advised on a number of alternative and esoteric classes. We work alongside our clients to understand their investment thesis and provide bespoke drafting to build the fund they want as opposed to generic template structures and documentation. We advise clients at every step of the process, including preparing offer documents, investor negotiations, the preparation of agreements, and in the closing of transactions.

29 Sep 2022

Collas Crill UK Legal 500 2023

Collas Crill has maintained its strong position in the Legal 500 United Kingdom directory this year, upholding its rankings across all practice areas. Described as one of the 'offshore Magic Circle', the firm is Tier 1 or 2 in all but two practice areas...

3 Jun 2022

Private investment funds in Guernsey

Guernsey's Private Investment Fund (PIF) regime recognises that for some promoters, the nature of the target investors warrants a more flexible, cost-effective and timely approach to regulation and fund launch, pursuant to the Private Investment Fund Rul...

17 Feb 2022

Africa investment opportunities

Guernsey's reputation as a jurisdiction of choice for global investments is well established. In recent years, Guernsey funds are becoming increasingly popular with African fund managers. Compelling reasons such as time to launch, cost to establish and ...

21 Jul 2021

Collas Crill explains... Joint ventures

This is part of a series of guides in which we examine areas of law that frequently arise in practice. Further guides will be released weekly; click here to subscribe to receive Collas Crill news and insights by email. Understanding joint ventures Join...

22 Jun 2021

Economic substance and partnerships

The Income Tax (Substance Requirements) (Implementation) Regulations, 2021, have been approved by the State of Guernsey's Policy and Resources Committee and come into effect on 30 June 2021. These new regulations consolidate all existing regulations issu...

17 Jun 2021

Collas Crill explains… Payment of dividends and distributions by a Guernsey company

This is part of a series of guides in which we examine areas of Guernsey law that frequently arise in practice. Further guides will be released weekly; click here to subscribe to receive Collas Crill news and insights by email. This guide looks at the k...

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Event 15 Oct 2020

When it hits the fan...

Event 12 Mar 2019

MIPIM 2019

Event 12 Dec 2019

BPP CI Guernsey Funds Seminar

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