Dilmun is a funds, corporate and regulatory lawyer based in Jersey.

His current ratings include:

  • 'Highly regarded' by IFLR1000
  • 'Up and Coming' by Chambers and Partners
  • 'Recommended Attorney' by Global Law Experts
"I enjoy getting to know my clients and their business and working with them and their advisers closely in order to deliver excellent client service."

His funds practice includes acting on the launch of investment funds and their satellite vehicles including co-investment and carry vehicles, advising on the Jersey AIFMD regime, and the establishment and licencing of Jersey managers. Dilmun has experience of working with fund managers investing in a variety of asset classes including debt/CLOs, private equity, real estate, infrastructure, oil & gas and virtual currency. 

Dilmun's corporate practice includes mergers & acquisitions, initial public offerings (IPOs), schemes of arrangement, establishing investment vehicles to acquire a range of assets including infrastructure and real estate, and group restructurings. 

His regulatory practice includes advising on marketing funds and other financial products into Jersey, change of control advice and applications to the Jersey regulator, and the launch of innovative new products including crowdfunding platforms, debt issuance vehicles, and products involving virtual currency and tokens. 

Dilmun is actively involved in the Jersey finance industry, which has included responding to industry consultations for example on LLCs and the Jersey Private Fund regime, is a committee member of the Jersey Funds Association, a member of a working group reviewing the Jersey limited partnership law, and a member of the Jersey Association of Directors. 

Prior to joining Collas Crill in 2017, Dilmun worked for another leading offshore law firm in Jersey and Herbert Smith in London. 

Work highlights include:

  • Acting on the launch of one of the first CLO/debt funds that complies with the EU risk retention rules
  • Acting on the first IPO of a Jersey company's uncertificated shares on NASDAQ under an Order enacted for that purpose, and arranging for the Order to be amended to allow for uncertificated share listings on a number of other exchanges
  • Assisting with the launch of a crowdfunding platform, and procuring regulatory clearance for high profile acquisitions of Jersey regulated businesses

 

*not a member of Collas Crill LLP in Jersey. Admitted in England & Wales.

 

My services
Corporate & Commercial
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With a depth of multi-jurisdictional experience our offices in BVI, Cayman, Guernsey, Jersey, London and Singapore, we ensure that advice is provided in the context of other key global offshore centres and with a knowledge of the bigger, global picture. Our clients appreciate our pro-active attitude to providing sensible user-friendly advice, our accuracy and honesty in our approach to pricing matters, and our senior level involvement in all matters to ensure smooth progress and client satisfaction. In an increasingly complex, competitive and more tightly regulated market, we'll make sure your business or commercial venture reaches its full potential.

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Corporate Governance & Shareholder Relations
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Good corporate governance and a sound understanding of directors duties is important to companies. 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.

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Investment Funds & Private Equity
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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 in depth relationships over the long term.

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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 private equity and real estate structures we have advised on a number of alternative and esoteric classes. We provided bespoke structuring solutions to allow our clients to build the fund they want as opposed to a cookie-cutter template of the market standard. 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.

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Investment Management & 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. Performance related fee structures and incentives need to consider and capture the widest range of potential scenarios - our depth of expertise lets us achieve that.

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Risk & Regulatory
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Collas Crill's multi-disciplinary approach to providing Risk & Regulatory services ensures that every aspect of our clients' businesses 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.

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Mergers & Acquisitions
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We regularly act in relation to significant M&A activity in our jurisdictions, whether as lead counsel for strictly local matters or as part of an international team for multi-jurisdictional transactions. In addition to the negotiation of transaction documents we assist clients with disclosure and due diligence exercises as well as obtain competition authority clearances. Our focus is a practical one, looking to allow clients the certainty to conclude a deal in the knowledge that their risk has been identified and mitigated to the strongest extent possible.

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Regulatory Structuring and Advice
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As part of the firm's multi-disciplinary Risk and Regulatory practice, the Corporate and Commercial team is 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, and 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.

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Fund Due Diligence
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In a world of ever-increasing accountability, we are increasingly instructed by sovereign wealth funds, ultra high net worth individuals and funds of funds to review potential investments and negotiate side-letters. We offer our clients a fast, efficient service with minimum fuss. This aspect of our practice gives us unparalleled insight of what is and is not the 'market standard'; something our clients highly appreciate.

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Unregulated Investment Structures
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Our investment practice is not simply limited to regulated investment funds. We also advise clients on a range of unregulated and private 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. 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.

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Private Equity & Venture Capital
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At Collas Crill we understand how investment businesses and ventures develop over time. As such, we have a strong focus on innovative and efficient structuring, designed to maximise returns for clients. Our team is extremely well integrated across our offices and with other service providers covering all areas relevant to private equity and venture capital, including lawyers in other offshore and onshore jurisdictions, banking, fund administration, custody, directorships, insolvency and restructuring, accounting and audit relationships, we are able to make a range of tailored introductions.

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My news & deals
Deal 5 Nov 2019

£41m commercial property deal

Collas Crill has advised on the £41 million acquisition of 27/28 Esplanade, known as JTC House, in St Helier, Jersey. The team was instructed by Seaton Place Limited, who...

News 28 Oct 2019

Offshore v onshore domiciliation

Group Partner Dilmun Leach recently travelled to New York to speak at the IFI Global Autumn Seminar, which focused on critical issues that US investors and fund managers...

News 29 Aug 2019

ICLG Alternative Investment Guide

Alternative Investment Fund specialists from Collas Crill Jersey have collaborated with several major international law firms to produce the 'International Comparative Legal...

News 23 Aug 2019

TISE Debt Listings Q2

The International Stock Exchange (TISE), located in Guernsey, is widely considered to be one of the leading international securities exchanges for listing debt...

News 31 Jul 2019

A Jersey guide to Brexit

As the UK limps towards another deferred Brexit date, businesses in Jersey must still consider how they may be affected by Brexit (if and when it happens) and be ready for...

News 26 Jul 2019

JFSC confirms E-ID is valid

The Jersey Financial Services Commission (JFSC) recently updated its AML/CFT Handbook for regulated financial services businesses (Handbook) to expressly permit evidence of...