Sam  Sturrock

Sam Sturrock 

Partner | Jersey

Financial Services and Regulatory

  • I have worked with Sam on a variety of client structures from corporate finance deals to debt listings to first time fund set ups. He is a pleasure to deal with, always available and very personable.
    Legal 500 (UK) 2023
  • The depth and breadth of Sam's technical expertise is impressive.
    Chambers UK 2023
  • Sam is person who likes to add value to client engagements, he thinks about issues outside of the box and often those not yet on the client’s radar, helping him to become a trusted partner.
    Legal 500 (UK) 2023
  • Sam is an excellent partner to work with.
    Chambers UK 2023
  • Sam is very responsive and very personable.
    Chambers UK 2024
  • I have known Sam Sturrock for many years – he is a stand-out lawyer – clearly knowing his area inside out but importantly personable, knowledgeable and a pleasure to work with.
    Legal 500 2022
  • Sam Sturrock’s friendly and practical approach helps navigate complicated matters in a stress-free manner.
    Legal 500 (UK) 2024
  • competent, professional and commercially minded
    Legal 500 (UK) 2024
  • I work with Sam Sturrock, who is a highly capable and technical lawyer.
    Legal 500 2022
  • I worked with Sam quite often and he is a great person to work with. Always responds in a helpful and timely manner and is able to deal with complex situations.
    Legal 500 (UK) 2023
  • I worked with Sam Sturrock who has been very responsive, helpful and knowledgeable. Great person to work with.
    Legal 500 2022
  • A very good and thoughtful lawyer, clients like him, very hands-on and responsive, diligent, great attention to detail.
    Legal 500 (UK) 2024
  • Rising Star.
    IFLR 1000
  • We value Sam’s responsiveness, his thorough approach to finding achievable solutions to client problems, his accuracy and his reliability. He is very knowledgeable and and through proactive engagement, he manages expectations.
    Legal 500 (UK) 2023
  • Sam Sturrock is very competent and provides stellar advice.
    Chambers UK 2023
  • Sam Sturrock is the partner I deal with. He is highly knowledgeable, a really valuable and trusted partner for all corporate and investment fund transactions. He is also our go-to person for all questions relating to Jersey LLCs.
    Legal 500 (UK) 2024

Overview

Sam is an experienced funds, corporate and regulatory lawyer. His practice has a particular focus on advising high-net-worth private clients, family offices and those managing and advising private wealth. Sam also specialises on assisting early stage fund and wealth managers seeking to establish new fund or holding structures.

"I love to guide our clients through complexity to make their lives easier and play a part in helping them achieve their goals."

Experience

Sam's experience includes the establishment and whole lifecycle of funds and other holding structures (including on a deal by deal basis) for a variety of asset classes including:

  • Sustainable finance/ESG assets
  • Private equity/venture capital
  • Property/Real estate (including REITs and JPUTs)
  • Equities/Bonds
  • Debt
  • Infrastructure

Sam also advises on Jersey debt issuance vehicles (such as structured products) as well as regulatory issues such as financial services business licensing.

The Jersey funds team are an independent, cost effective and helpful partner, particularly to intermediaries and smaller/first time fund managers, who are seeking to navigate the Jersey funds regime. Please click here to view our Jersey funds practice profile.

Sam is happy to participate as a speaker on industry webinars and conferences and also offers training seminars on a variety of Jersey legal topics.

Background

Having qualified as a Scottish solicitor (currently non-practising), Sam went on to qualify as a solicitor in England and Wales (currently non-practising) and as a Jersey advocate in 2010.

Sam joined the firm in 2020 following over 10 years in top tier Jersey law firms, two years as a director at a multinational administration business and a year assisting Jersey Finance on legal and technical matters.

Awards

Sam has previously been recognised by both Legal 500 and IFLR 1000 in respect of his funds expertise. He is listed in Legal 500 2024 as a Next Generation Partner and as 'up and coming' in Chambers UK 2024 Guide.

Memberships

  • Member of the Institute of Directors Jersey
  • Member of the Jersey Finance working group in relation to LLCs
  • Member of the Legal and Technical Committee of the Jersey Funds Association
  • Member of the Financial and Commercial Law Sub-Committee of the Jersey Law Society
  • Institute of Law (Jersey) and Dundee University mentor to young lawyers
  • Member of the Jersey Finance and Government of Jersey Sustainable Finance Innovation Working Group

Business Assistant
Liz Putt  
My services
Capital markets
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Our capital markets team have significant onshore as well as offshore experience, giving us an in-depth understanding of all aspects of security issues and capital markets transactions. We advise on the structuring of securitisation vehicles, the promotion of securities and the full range of equity and debt capital markets transactions, including both public equity and debt offerings and mergers and acquisitions, including schemes or arrangement and reverse takeovers.

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Funds
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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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Regulatory
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Our multi-disciplinary approach to providing risk and regulatory consultancy services ensures that every aspect of our clients' business is covered. By drawing on the skills and experience of a highly experienced team of lawyers with expertise from across the firm, we are able to deal with all legal compliance issues that could affect your business, whether contentious or non-contentious. The assistance we are able to provide ranges from strategic matters to specific operational issues.

Collas Crill's market-leading fraud, financial and white collar crime practice sits within our regulatory practice. Uniquely offering a mix of both civil and criminal fraud litigation experience, from internal investigations, to injunctions, to defence and enforcement, the team can lead clients through the most challenging of circumstances.

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Fund finance
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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.

Corporate governance and shareholder relations
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Good corporate governance and a sound understanding of directors duties is critical. Regardless of size, establishing a best practice approach should be fundamental to all boards. The board of directors are responsible for ensuring the company achieves its objectives and the corporate governance framework they adhere to should underpin their accountability to the company and its members.

We advise company boards in relation to both the non-contentious and contentious aspects of shareholder relations with a focus on corporate governance to prevent contentious issues arising. We have also advised both boards and activist shareholders in relation to highly contentious general meetings and associated issues arising out of investor actions.

Thanks to the depth of our experience and the resources of our team, we've acted on some of the largest pieces of litigation brought against directors offshore. We are well placed to deal with the 'bet the farm' proceedings that can occur in these type of disputes and have represented parties involved in intra-company disputes, including executive, non-executive and independent directors, majority and minority shareholders, companies and liquidators. We understand that shareholder disputes are often not black and white and our team finds innovative and commercial alternatives to those which the Court may offer – taking a collaborative approach with our clients to ensure that the right result is achieved.

Structuring
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Offshore vehicles are used for a huge range of purposes either standing alone or as part of large multi-jurisdictional structures. Our highly commercial team specialises in advising clients on the most effective uses of such vehicles and their on-going operation, including normal and cellular companies as well as foundations, unit trusts, limited partnerships, limited liability partnerships, segregated portfolio and restricted purpose companies.  We are able to advise what jurisdiction among the "Big Four" that we advise on will best suit our client's needs and regularly advise on solvent restructuring by way of merger, consolidation, continuation or balance sheet optimisation as well as court based corporate procedures such as schemes and plans of arrangement.

Business relocations, migrations and continuations
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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.

Unregulated and private investment structures
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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.

Management and advisory contracts
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In addition to advising on the establishment of investment structures we advise on the drafting and interpretation of investment management and advisory mandates including performance fees and remuneration packages. Our practical yet precise approach in this highly technical area is driven by significant onshore experience. We are not a team of lawyers who "don’t do the maths" but understand performance related fee structures and incentives need to consider and capture the widest range of potential scenarios – our depth of expertise enables us to achieve that.

Mergers and acquisitions
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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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Tax information exchange
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Our risk and regulatory team provides legal support to businesses applying local rules regarding foreign tax reporting and production orders. Our goal here is to ensure our clients remain compliant, while conducting their business efficiently and in line with their clients interests and expectations.

Financial services licensing and regulatory advisory
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We are able to advise clients on the establishment and structuring of the full range of regulated service in our jurisdictions. Our experience allows us to shape licence applications to fit regulatory expectations as well as tailoring procedures and processes to reflect the latest and best practices in compliance and corporate governance.

Our services include general regulatory and compliance advice and support, non-financial services regulatory matters including utilities, data protection and corporate governance, due diligence, reviews, audits and health checks. We advise clients from a diverse client base with a focus on the financial services industry including fund administrators, trust companies, banks, investment managers, local companies and individuals.

Specific regulatory compliance
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Regulation proliferates in all aspects of corporate life these days. We have proven subject matter expertise in specific regulatory fields.

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Investment fund formation
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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.

26 Sep 2023

Collas Crill explains... Continuing a company out of the British Virgin Islands (BVI)

Just like a person, a company can migrate from one country to another. In the BVI, the process by which a company changes its nationality or place of registration is called a continuation. It is also commonly referred to as a migration or re-domiciliatio...

31 Jul 2023

Jersey Heard LLC podcast

Group Partner Sam Sturrock joined Jersey Finance for the latest episode of the 'Jersey Heard' Jersey Limited Liability Company (LLC) podcast to discuss how Jersey LLCs can be used in Fund Structures.Sam was also part of the Industry Working Group (organi...

27 Jun 2023

Collas Crill advises on acquisition

Collas Crill has advised Van Mossel, a leading automotive group in Europe as they agreed terms for the acquisition of Jacksons Group. Jacksons, which operates from six locations across the Channel Islands, Isle of Man and the Isle of Wight, is one of th...

7 Mar 2023

Marketing to investors and raising capital in Jersey

Jersey is considered by many as one of the leading international financial hubs. This reputation has been enhanced by Jersey having a well-respected financial system which is investor friendly. As a full service top 10 offshore law firm, our Jersey fund...

8 Feb 2023

The Collas Crill guide to Jersey Limited Liability Companies (LLCs)

As of 14 February 2023, the legislation, policy and guidance facilitating the full introduction of the Jersey LLC (including an ability to elect to be a body corporate) comes into force. An LLC is a vehicle that combines elements of the flexibility and ...

1 Feb 2023

Collas Crill advises Affinity Fund

Collas Crill has advised GemCap Investment Funds (Ireland) plc (GemCap) in relation to the launch of the Affinity Sustainable Growth Fund, the latest addition to its portfolio of sub-funds within its UCITS Umbrella structure, a $4bn platform domiciled in...

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