Declan O'Sullivan


Declan O'Sullivan


Dublin | 3 George's Dock, IFSC, Dublin D01 X5X0, Ireland
+353 1 436 8510 | +353 1 633 5845

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Declan O’Sullivan advises domestic and international clients in the establishment and authorisation of all types of investment funds including UCITS, hedge funds, property funds and private equity funds. He also represents many leading fund service providers in Ireland, including investment managers, administrators and custodians. Mr. O’Sullivan has advised clients on the rollout of many innovative new products.

Mr. O’Sullivan previously led the alternative investment practice at Dublin firm William Fry. Mr. O'Sullivan served for many years (including a term as Chair) on the Alternative Investments Committee of the Irish Funds Industry Association, as a member of the Irish industry’s task force on the Alternative Investment Funds Managers Directive and as a member of the European Commission Expert Group on Open Ended Real Estate Funds. He currently sits on the Irish Funds working groups dealing with private equity funds and loan funds. He is also a notary public.

Mr. O’Sullivan is ranked as a leading lawyer in his field by the independent legal directories Chambers Europe and Chambers Global. The 2017 editions of Chambers Global and Chambers Europe cite clients as commenting that he "is an expert in the funds business" and states that he possesses significant market experience and a particular knowledge of alternative investment funds. The 2016 edition of Chambers Global states that is a "highly respected investment funds lawyer, who established the firm's funds offering in Ireland" with clients noting that he is "really smart and has a lot of experience. He has obviously counselled enough clients to know what they like and want." The 2015 edition of Chambers Global states that "sources highlight Declan O'Sullivan for his experience and knowledge of the Irish funds market, particularly regulatory matters", with clients noting that: "he is a practical, smart lawyer, who isn't afraid of coming up with solutions to tough problems". Chambers Global 2014 states that he is known for his "brilliant knowledge and contacts" and described as having "his finger on the pulse". He is recommended in The Legal 500 EMEA 2014, which states that "the highly experienced Declan O’Sullivan continues to develop the investment funds practice at Dechert LLP." Mr. O’Sullivan has previously been described in The Legal 500 EMEA as a "leading expert in his field" and in Chambers Europe as "widely esteemed" and praised his "deep understanding of the investment industry – he knows what the financial regulator’s thinking is likely to be." Mr. O'Sullivan is included in the fifth edition of Best Lawyers in Ireland for the area of Private Funds and is recommended as a leading lawyer in The International Who's Who of Business Lawyers - Private Funds 2014.

Mr. O'Sullivan is a regular contributor to and editor of leading financial services and asset management publications and texts. He is a regular speaker at industry events.

  • University College Dublin, B.C.L., 1988
  • University College Dublin, LL.M., 1994
  • Solicitor, Law Society of Ireland
  • England and Wales (non-practicing)
Speaking Engagements
  • Ireland Roundtable — Dublin, Ireland (October 4, 2017) 

Participant, roundtable on the financial industry in Ireland, the role of Ireland as a jurisdiction, investment opportunity, risks and challenges in the market, and Brexit. 

  • Loan Market Association Dublin Seminar — Dublin, Ireland (September 26,2017)

Speaker, seminar on syndicated lending, developments in loan operations, and a non-bank lender's view. Visit the LMA website for more information. 

  • Spotlight on Loan Operations - Loan Market Association Dublin Seminar  Dublin, Ireland (September 13, 2016) 
  • UCITS V: what do you need to do in time for March 2016? —2nd Annual Financial Services Forum 2015, London (March 11, 2015)

Participant, "UCITS V: What do you need to do in time for March 2016?" session on actions to take ahead of implementation deadline of March 2016, how to draft and implement remuneration policies, and choosing a single depositary. 

  • Product Updates: An Outline of the Irish Central Bank's New Loan Fund Regime and an Update on Money Market Fund Reform in Europe and the U.S.  GAIM Ops Ireland, Dublin ,Ireland (October 8, 2014) 

Participant, roundtable discussion on the Irish Central Bank's new loan fund regime and an update on money market fund reform in Europe and the U.S. 

  • How Remuneration Caps and Performance Fees Will Affect Asset Management Firms — Chief Compliance Officer Roundtable - Regulatory Overload?, London (November 14, 2013)
  • UCITS V: Practical Implementation — UCITS and AIFMD in London - 2013 Conference, London (September 17, 2013) 

Chair, "UCITS V: Practical Implementation" session.

  • The Impact of the Recent ESMA Guidelines upon Further UCITS Products — Regulation of ETFs and Complex UCITS 2013 - A Conference Presented by Informa, London (May 28, 2013) 
  • AIFMD - Level Two Rules, Their Implications — The Offshore Investment Conference Dublin 2013, Dublin, Ireland (May 10, 2013) 

Speaker, discussion on the effects of the Delegated Act supplementing AIFMD.

  • AIFMD - Delegation Issues — AOI Funds Group Workshop, Dublin, Ireland (May 1, 2013) 

Speaker, workshop on AIFMD delegation issues. 

  • New York Fund Industry Briefing —Presented by the Irish Funds Industry Association, New York, NY (March 15, 2013)

Speaker, panel on changes in the regulatory landscape and the impact these changes will have on product development in the Funds Industry in the EU and Ireland.

  • European Funds Distribution Forum — J.P Morgan, San Francisco, CA (December 5, 2012) 

Speaker, panel on options to effectively reach your global investor base, changes in service models, and regulations that may impact distribution.

  • Fund Relocation from the Administrator's Perspective —The Institute for Financial Services Fund Restructuring and Fund Relocation Conference, Liechtenstein (November 27, 2012)
  • Irish Funds Industry Association — Boston, MA (March 22, 2012)
  • Fund Distribution: The Practical Steps to Reach a Global Investor Base —J.P. Morgan Global Distribution Fund Forum, New York, NY (October 12, 2011)
  • What You Need to Know About AIFMD, FATCA, RDR —European Fiduciary Seminar, Dublin (June 22, 2011)
  • Alternative Investment Fund Managers Directive — Irish Funds Industry Association Industry Update, Chicago, IL and New York, NY (March 14, 2011)
  • The Alternative Investment Fund Manager Directive (AIFMD) –What Will Be its Overall Impact on Fund Management and the Future of UCITS Investments? —UCITS, NEWCITS & ETFs 2011, London (February 9, 2011)
  • AIFMD Industry Seminar — IFIA, Dublin, Ireland (November 17,2010)
  • Changes in Regulation in the EU and the US: Impact on Hedge Fund Structures and Domicile —100 Women in Hedge Funds, Zurich (November 3, 2010)
  • The Implications of the Directive for Administrators and Custodians in Key Jurisdictions — Management Global Information SA's 3rd Annual AIFMD Conference, London (October 6, 2010) 

Speaker, discussion on the global reach of the Alternative Fund Managers Directive (AIFMD) and its potential impact on fund investors, as well as custodians and administrators, throughout Europe.