Trevor advises fund promoters on structuring, establishing and listing investment funds in Ireland.

Prior to joining LK Shields, Trevor was a partner in one of Ireland's other leading law firms.

Trevor began his career in Chicago, where he worked for a number of investment banks, returning to Ireland in 1998 to help establish Société Générale in Ireland as deputy general manager. Before qualifying as a solicitor, he worked in the funds authorisation department of the Central Bank.

Trevor’s practice has focused on advising fund promoters on structuring, establishing, listing and maintaining UCITS and alternative investment funds in Ireland with a particular focus on structured UCITS, hedge funds, real estate and private equity funds.

Experience

  • Advised a large number of Irish and overseas financial services providers, including advising on compliance with MiFID (Markets in Financial Services Directive), AIFMD (Alternative Investment Fund Managers Directive) UCITS (Undertakings for Collective Investment in Transferable Securities).
  • Clients primarily include banks, wealth managers and real estate managers.
  • Advises on the legal and regulatory aspects of all financial services activities and products which are regulated by the Central Bank of Ireland.
  • Represented fund promoters and investment managers on the setting up and structuring of both regulated and unregulated fund structures.
  • Extensive experience with real estate fund structures having established a number of Qualifying Investor Alternative Investment Funds (QIAIFs) to hold portfolios of EU and UK properties. Has advised a number of investors in Irish REIT structures.
  • Advised promoters on merger of fund assets into and out of Ireland.
  • Advised promoters on Super QIAIF structures (QIAIF into SPV) and on reverse Super QIAIF structures (SPV into QIAIF).
  • Have advised promoters of closed ended funds in relation to a variety of regulatory compliance and governance matters.
  • Advised promoters on establishment of closed ended funds of side pocketed and distressed assets.
  • Analysed options available to a fund promoter who had taken over a distressed real estate fund, which had been directed to suspend its business by the Central Bank. Sought Court supervised liquidation of the fund and applied to the High Court for the appointment (for an extended duration) of a provisional liquidator in order to avert the threat of foreclosure by lenders and thereby preserve value in the fund for investors.
  • Established an umbrella trust QIAIF with very high exposures to single government bond issuances and a structured element involving derogations from Central Bank counterparty exposure limits.
  • Advised Investors on takeover of promotership and investment management and subsequent restructuring of the fund.
  • Expertise extends to all asset classes, including loans, insurance policies, real estate.
  • Member of Irish Funds (IF) and participant in a number of IF Working Groups on topics including Private Equity, Legal and Regulatory and Capital Markets Union.
  • Contributor to publications including Butterworths Journal of Banking and Financial Law and Finance Dublin.
  • Advised on the authorisation of a new closed ended single portfolio ICAV umbrella issuing shares by way of commitment/drawdown, with a waterfall carried interest structure that invests in development land for the purpose developing residential housing in the greater Dublin area.
  • Advising on the re-registration of Irish public limited companies as Irish corporate investment funds.
  • Advising on first re-domiciliations of two Jersey funds to Ireland and authorisation as UCITS ICAVs.

Related Practice Areas

Contact Trevor

+353 1 637 1549
tdolan@lkshields.ie

LinkedIn

More about Trevor Dolan

Awards &
Recommendations

'Key part of the practice' Trevor Dolan is recommended for Capital Markets and Investment Funds

Legal 500 2019
Awards &
Recommendations

Recommended for Investment Funds.

Chambers Europe 2019
Awards &
Recommendations

Trevor Dolan, who is ‘excellent at explaining long-term regulatory implications of structuring decisions’ is recommended for Investment Funds.

Legal 500 2018
Awards &
Recommendations

Recommended for Investment Funds.

Chambers Europe 2018
Awards &
Recommendations

Clients report that he "has extensive knowledge, co-ordinates our relationship expertly and is a proactive problem solver."

Chambers Global 2018
Awards &
Recommendations

Recommended for Investment Funds.

Chambers Europe 2017
Awards &
Recommendations

"Down-to-earth, very approachable and really prepared".

Chambers Global 2017
Awards &
Recommendations

Recommended for Investment Funds.

Chambers Europe 2016
Awards &
Recommendations

Clients describe him as "the ideas man. He really generates options by researching the law and making hugely helpful suggestions". Recommended for Investment Funds/Financial Services.

Chambers Global 2016
Awards &
Recommendations

Recommended for Investment Funds.

Legal 500 2015
Photo for article Central Bank’s Pre-Christmas Submission Deadlines

Central Bank’s Pre-Christmas Submission Deadlines

Photo for article Central Bank Consultation on the Treatment, Correction and Redress of Errors in Investment Funds

Central Bank Consultation on the Treatment, Correction and Redress of Errors in Investment Funds

Photo for article The Prospectus Regulation is Fully in Force: Remaining Provisions Apply from 21 July 2019

The Prospectus Regulation is Fully in Force: Remaining Provisions Apply from 21 July 2019

Photo for article The Second Shareholders’ Rights Directive: An Overview

The Second Shareholders’ Rights Directive: An Overview

Photo for article Fitness & Probity Regime: Legislation proposed to introduce greater transparency in financial sector

Fitness & Probity Regime: Legislation proposed to introduce greater transparency in financial sector

Hot on the heels of the Central Bank's ‘Dear CEO Letter’  to Regulated Financial Service Providers ...

Photo for article Central Bank reminds Regulated Financial Service Providers of Fitness and Probity Regime Obligations

Central Bank reminds Regulated Financial Service Providers of Fitness and Probity Regime Obligations

Photo for article Legal 500 2018

Legal 500 2018

The firm has been highly ranked in the latest edition of Legal 500. Leading independent legal ranking publication Legal 500 ...

Photo for article Financial Services: Key Dates for 2018

Financial Services: Key Dates for 2018

  • Admitted as a Solicitor in Ireland
    Law Society of Ireland
    2007
  • Diploma in Legal Sciences
    DIT
    2000
  • BA (Hons) Business Studies
    Dublin Business School
    1993

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