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Paul  Wilkes

Paul Wilkes  

Consultant | Guernsey

Corporate, Finance & Funds

  • Extremely proactive and commercial with strong business acumen
    Legal 500
  • Commercially savvy as well as technically proficient
    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
  • Paul Wilkes tries to understand the client and match their needs to the law. He is proactive and grasps matters quickly.
    Legal 500 2022
  • Has commerciality in determining structures that work for both sides of the table
    Legal 500
  • an excellent communicator who goes the extra mile for his clients
    Chambers & Partners
  • Very client-focused and highly effective at getting deals done
    Legal 500

Overview

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. 

Experience

Paul joined Collas Crill in 2007, became a group partner in 2011 and head of the corporate team in 2014. 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.

"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."

Background

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 - 2022 - Hall of Fame

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

Memberships

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

My Assistant
Samantha Hobbs  
My services
Banking & Finance
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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.

Business Relocation
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For businesses, a relocation to the Channel Islands can bring significant advantages – Guernsey and Jersey's world leading financial services regulation and company laws are modern, business friendly and practical; a huge benefit for businesses in that sector. An added benefit of our financial services background for all businesses is the depth of highly skilled service providers on-island ready to assist your business. Guernsey and Jersey is ready to roll-out the welcome mat to new businesses and we're ideally placed to make introductions to the right people.

Corporate Advisory
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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.

Funds 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.

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 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.

Investment Funds, Private Equity & Venture Capital
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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.

Regulatory Enforcement Action
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The regulatory environment both in local jurisdictions and internationally, is becoming increasingly complex at a time when regulatory agencies are becoming more zealous in their approach to enforcement and investigations. We guide clients through the impact of enforcement of investigatory actions by regulatory bodies, offering dedicated strategic advice on a broad range of issues including enforcement notices, governance matters, complaints, insider trading and dealing and market manipulation.

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.

Unregulated and Private 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.

Insight 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...

News 7 May 2021

GFSC consults on proposals

On 21 April the Guernsey Financial Services Commission issued three consultation papers ("Papers") as part of the implementation of the Revision of Laws Project. The first...

News 21 Apr 2021

Private Investment Fund Rules

The Guernsey Financial Services Commission has released the Private Investment Fund Rules and Guidance, 2021, updating the original Private Investment Fund Rules, 2016, with...

News 13 Apr 2021

Collas Crill advises Curaleaf

Collas Crill has advised Curaleaf on its successful acquisition of EMMAC Life Sciences Limited ('EMMAC') at an implied post money valuation of $413m.  EMMAC is Europe's...

Insight 7 Jan 2021

Similar but not the same

Economic substance legislation has been introduced in each of our offshore jurisdictions, requiring all businesses with entities in those jurisdictions to carefully consider...

Insight 9 Dec 2020

Guernsey and Brexit

The end of the Brexit transition period is on 31 December 2020. Although 2020 has been an eventful year in so many ways, businesses need to consider what the end of the...

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Guide 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...

Guide 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...

Guide 19 May 2021

Collas Crill explains… what is a Guernsey fund?

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...

Guide 9 Dec 2020

Brexit and Guernsey – What you need to know

The UK formally ceased to be a member of the EU on 31 January 2020. Following this, the terms of a withdrawal agreement between the UK and the EU (the Withdrawal Agreement)...

Guide 23 Oct 2020

Collas Crill explains… accounting and auditing requirements for Guernsey companies

This is the last in our series of guides in which we examine areas of Guernsey law that frequently arise in practice.  In this guide, we outline the key things you need to...

Guide 16 Oct 2020

Collas Crill explains... restoring 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...

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Event 15 Oct 2020
Past Event

When it hits the fan...

Sometimes it feels like we'll never know what 2020 can throw at us next. Uncertainty in business, politics and daily life is on the increase. Unforeseen outcomes and 1 in a...

Event 24 Feb 2020
Past Event

South Africa Funds Roadshow 2020

Group Partner Paul Wilkes will be in South Africa 24 - 28 February with a delegation of experts from the Guernsey investment funds industry. They will be holding breakfast...

Event 12 Dec 2019
Past Event

BPP CI Guernsey Funds Seminar

Collas Crill group partner Paul Wilkes will be speaking on Thursday 12 December, at the BPP CI 2019 Guernsey Funds CPD Seminar Series on '20:20 vision – what is on the...

Event 10 Jul 2019
Past Event

Mayer Brown Presentation

Collas Crill is delighted to welcome guest speaker, Simon Rose, tax partner in the London office of Mayer Brown to Guernsey.  Simon will be answering queries and addressing...

Event 3 Apr 2019
Past Event

Risk and Regulatory Spring Seminar

Collas Crill is hosting a seminar on Public Law: considerations for business. In an age of increasing legislation, regulation and government decision making that impacts the...

Event 12 Mar 2019
Past Event

MIPIM 2019

Our UK real estate and corporate, finance and funds teams continue to grow and with offices in Guernsey, Jersey, London, BVI, Singapore, Hong Kong and Cayman we offer our...

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