UK
Practice Areas
Dilmun Leach is a partner in Walkers' Investment Funds & Corporate practice group in Jersey, and is head of Walkers' Jersey Fintech team, which is ranked Band 1 by Chambers & Partners.
Dilmun is a renowned Jersey lawyer with a broad practice spanning Corporate, Funds, and Fintech matters. Dilmun was elected Vice Chair of the Jersey Funds Association (JFA) for a three-year term in July 2025; and is Co-Chair and a founding member of the Jersey Digital Assets Working Group formed in 2017.
In respect of Fintech, Dilmun advised Backed Finance on the launch of Jersey's first tokenisation platform which launched in 2024. Dilmun worked closely with the Jersey Financial Services Commission in the drafting and publication of the Jersey Tokenisation Guidance Notes in August 2024, and has advised several clients on launching Jersey tokenised products. Dilmun has advised on a broad range of digital asset matters since 2016, and was involved in the drafting of the Jersey ICO Guidance Notes published in 2017.
Having been elected to the JFA Committee in 2017 and been advising on investment funds matters since 2012, Dilmun was deeply involved in the design of the successful Jersey Private Fund product. Dilmun has supported many traditional fund-raises and also innovative fund and fund-like structures including using nominee/trustee structures, cell companies, deal-by-deal and single asset funds, collateralised fund interests, and continuation funds.
Dilmun’s corporate practice includes private equity transactions, and mergers and acquisitions including regulated trust and corporate services providers. Dilmun advised on the first listing of a Jersey company's shares on NASDAQ using uncertificated shares and the direct registration system, and also the first de-SPAC transaction involving a Jersey company listing on NYSE.
Dilmun is an active member of the Jersey finance industry, and has spoken on funds, corporate and fintech matters at events in Jersey, London, New York, Miami, and Switzerland.
Professional Memberships
Dilmun is a member of the Law Society of England & Wales.
Dilmun is an elected committee member of the Jersey Funds Association, and a member of the marketing sub-committee. In these roles he is at the forefront of the development of the Jersey funds industry, and is actively involved in the development of new laws and products including in relation to limited partnerships, Jersey Private Funds, LLCs and ESG.
Dilmun is a founding member of the Jersey Digital Assets Working Group.
Publications
Jersey chapter published in Global Legal Insights FinTech 2024
Experience
Before joining Walkers in 2020, Dilmun was in the Funds team of another firm in Jersey where he spent three years building their Corporate and Investment Funds Practice Group. He qualified in 2009 at Herbert Smith and was in their London office for five years. This included a six-month secondment to Bell Gully in New Zealand. He moved to another firm in Jersey in Jersey in 2012.
Work Highlights
Corporate/private equity:
- Advised Universities Superannuation Scheme on its £405m acquisition of more than 3,000 shared ownership homes from Blackstone and Regis.
- Advised Equitix and the sellers of a EUR2.5bn stake in Electricity North West to Iberdrola S.A., valuing the business at EUR5bn. Walkers advise Equitix on sale of UK power network operator Electricity North West to Iberdrola
- Advised Zodia Markets on its acquisition of Elwood Capital Management, a digital asset OTC trading business. Walkers advise on the acquisition of Elwood Capital Management Ltd by Zodia Markets
Regulatory & Fintech:
- Advised LSEG-backed Floww Markets on the launch of a revolutionary fintech platform connecting investors to private market investments. Walkers' Jersey advises Floww on platform launch to connect VCs, founders and investors
- Advised Backed Finance on the launch of Jersey's first "real world asset" Tokenisation platform, tokenising listed shares and other financial securities. Walkers advises on Jersey's first tokenisation platform
- Advised Bank Frick on the launch of a white-labelled securitisation platform, securitising a range of assets (including digital assets, liquid securities and fund interests) for different asset managers. Walkers Jersey team advises Bank Frick on the launch of platform involving the securitisation of digital assets and issue of AMCs
- Supported aosphere with the Jersey aspects of their Rulefinder Crypto Assets Guide. Walkers contributes to aosphere's Rulefinder Crypto Assets and MiCA Snapshot Guides
Asset management/investment funds:
- Advised Defiance Capital with the launch of one of Jersey's first open-ended digital assets funds. Walkers' funds team advise on one of the first open-ended crypto funds established in Jersey
- Jersey counsel to a large number of private investment funds investing in real estate, private equity, infrastructure, debt/CLOs, venture capital, digital assets.
- Jersey counsel to a number of Jersey regulated asset managers.
- Walkers advises USS on £405m acquisition of more than 3,000 shared ownership homes
Education
University of Leeds
BA Hons 1st Class, History
Nottingham Law School
Postgraduate diploma in Law, Commendation
BPP Law School, Holborn, London
Postgraduate diploma in Legal Practice, Distinction