Search guides & insights
  • Rising Star
    IFLR 1000
  • Samuel Sturrock has 'in-depth knowledge of the investment funds industry as well as the corresponding laws'
    Legal 500

Sam is an experienced funds, corporate and regulatory lawyer who heads the Collas Crill Jersey funds team. Sam joined the firm in 2020 following over 10 years in top tier Jersey law firms, 2 years as a director at a multinational administration business and a year assisting Jersey Finance on legal and technical matters. Sam was also the chair of the IoD Jersey Industry sub-committee for 2019/20.

He advises clients (including funds, managers, directors, investors and administrators) on the establishment and whole life cycle of funds/holding structures for a variety of asset classes including:

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

Sam also advises on issuances/listings of debt and equity as well as general banking and finance issues.

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. 

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.

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. He qualified at a Scottish firm that is now part of Clyde and Co and has held senior legal roles at two leading Jersey law firms.

My services
Banking & Finance
+
-

Banks today face an ever increasing raft of challenges, both regulatory and commercial, as well as competition for deals from non-bank lenders and alternative funders. We provide our banking clients with a comprehensive service on- and off-transaction, including our plain English precedents for their business. We help our clients keep up with the changing landscape in order to remain competitive in the market place whilst delivering quality service to their own customers. Our clients focus on relationship banking and we work hard to support them in doing so. We also advise P2P lenders and invoice discounters on their lending and security arrangements, and their documentation.

Contact us //
Business Relocation including Migrations and Continuations
+
-

An increasing number of business leaders are looking to relocate their business and and indeed lives offshore. Our pan-departmental relocation's 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 advise on: company migrations and continuations, regulatory approvals, housing licences and real estate matters through to introductions to other service providers and complementary local businesses.

Contact us //
Changes of Trustee/DORAs
+
-

Changes of trustee documents (DORA or IORAs) usually contain indemnities from the incoming trustee to the outgoing trustee which are often hotly negotiated and can be complex. A change of trustee also presents a good opportunity for the incoming trustee to undertake a due diligence exercise by reviewing the trust documents, ensuring that the previous chain of trusteeship is intact and ensuring that the outgoing trustee ratifies or rectifies any flaws in the trust or the trust documents before the trusteeship is handed over. We have considerable experience in narrowing the issues in these negotiations. We are also well versed in assisting our trustee clients in mitigating risk by spotting (sometimes very significant flaws) in trusts before they are taken on and by ratifying previous discrepancies in a commercial manner – commonly without necessitating the involvement of the court.

Contact us //
Commercial Real Estate
+
-

At Collas Crill, our commercial property team includes some of the most highly regarded offshore commercial property lawyers. Our team is recognised and cited for its experience, commercial approach, exceptional service standards and its ability to deliver in a fast and efficient manner. Across Guernsey, Jersey and the Cayman Islands we have been involved in many of the most significant commercial property transactions of the last decade. We handle all aspects of commercial freehold and leasehold real estate, acting for both landlord and tenant, buyer and seller. We have the experience to guide you through every stage of a transaction with absolute confidence.

Contact us //
Commercial Structuring & Contracts
+
-

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 and limited liability partnerships. Our experienced team also provides commercial contracts for clients whether bespoke documents to effect specific transactions or suites of precedent documents for company service providers or offshore groups.

Contact us //
Corporate Advisory
+
-

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.

Contact us //
Corporate Governance & Shareholder Relations
+
-

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.

Contact us //
Funds 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.

Contact us //
Investment Fund Formation
+
-

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 provide bespoke structuring solutions to allow our clients to build the fund they want as opposed to a generic 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.

Contact us //
Investment Funds, Private Equity & Venture Capital
+
-

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.

Contact us //
Management and Advisory Contracts
+
-

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 enables us to achieve that.

Contact us //
Mergers & Acquisitions
+
-

Mergers & Acquisitions

Contact us //
Private Trust Companies & Private Trustee Foundations
+
-

Private trust companies (PTC) and private trustee foundations (PTF) are an ideal solution for clients wanting to divest themselves of ownership while still retaining a level of control. A PTC, or its most recent incarnation, the PTF, is a corporate vehicle which is used by a family in place of a professional trustee so that the family themselves can control the board of the trustee and thereby control the underlying assets.

Contact us //
Real Estate Finance
+
-

Real estate continues to dominate as an asset class for many investors. Collas Crill has a strong track record in financing commercial real estate acquisitions, mainly in the UK. We act for some of the key lenders in this area. Our clients include banks, funds, alternative lenders, private investors and family offices. Locally, we have worked on the funding of some of the most prestigious buildings in our jurisdictions.

Contact us //
Regulatory Structuring & Advice
+
-

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, 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.

Contact us //
Residential Property
+
-

Property law can be a complex, daunting and emotional experience for many individual buyers and sellers. Feeling an emotional tie to your new or prospective property, your 'home', is inevitable. When buying or selling property you need a strong, dependable team that knows the market inside and out. We offer top quality advice and successfully anticipate the unique challenges and opportunities you are likely to face. We believe that communication and responsiveness is the key to a stress-free experience which is why we're always on hand to listen, offer assistance and pick up the phone to keep you informed at every stage of a transaction.

Contact us //
Trustee Duties
+
-

The duties of a trustee plays in managing the trust assets and dealing with beneficiaries not only vary from jurisdiction to jurisdiction, but are dictated by trust agreement and its nuances, the type of trust and its specific purpose. Advising on trustee duties is a rapidly growing area given the increasingly complex legal and regulatory framework to which trustees must adhere. Importantly, trustees are becoming increasingly aware of the advantages of acting early and seeking advice on their duties – particularly in situations of potential conflict or stress. Trustees are also making more use of the courts in asking for directions or in having "momentous decisions" blessed.

Contact us //
Trustee Risk & Regulatory Management
+
-

Developments, consolidations and regulation have means that effective risk management and mitigation has never been more important. Our advice is not a ‘one size fits all’ solution, but rather is based on an individual company’s specific business model. By building a partnership with you we add value by providing to trustees with a range of regulatory advice, administration support, products and services within a dedicated team approach, precedent development and on-going education and industry updates. Together with our multi-disciplinary risk and regulatory team, we advise on anti money laundering laws and the regulation of trust companies and can assist in the creation and improvement of straightforward operating procedures, including checklists, designed in conjunction with the needs of a trustee to ensure that all members of staff, no matter what their experience, can provide consistent and accurate back office services.

Contact us //
Unregulated and Private Investment Structures
+
-

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.

Contact us //
My news and insights
Insight 25 Nov 2020

Acquisition IPOs are SPAC

This article was produced by Sam Sturrock of Collas Crill and Shervin Binesh of Sanne for Jersey - First for Finance, published by The Times Group on behalf of Jersey...

News 4 Sep 2020

New Funds partner in Jersey

Collas Crill welcomes new Group Partner Sam Sturrock to its Corporate Finance and Funds team in Jersey.  Sam is a funds, regulatory and corporate lawyer and will lead the...

Insight 14 May 2020

Liquidity options for fund managers

COVID-19 has caused significant social and economic disruption across the globe. This has created some significant challenges for the investment fund industry, and as the...

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...

News 14 Feb 2019

Stock Exchange – SEC Recognition

At the end of January 2019, The International Stock Exchange was able to announce that it had been recognised by the US Securities and Exchange Commission as a Designated...

News 13 Jul 2018

Jersey ICO Guidelines

The Jersey Financial Services Commission (JFSC) has published guidance on how ICOs will be approved in Jersey through existing laws and regulation, which has been endorsed...

Subscribe for the latest news and insights