Ceinwen Rees

Partner Tax
Kirkland & Ellis International LLP

Overview

Ceinwen is very intellectually acute and really has a thorough understanding of very technical legislation and changes. - Chambers UK, 2026

Ceinwen Rees is a tax partner in the London office of Kirkland & Ellis International LLP. She is widely recognized as a leading UK tax lawyer, combining her extensive market knowledge with legal and tax technical experience. Ceinwen’s proficiency in tax and structuring is notably broad, enabling her to provide sophisticated advice to investment fund managers across their life cycles, from fundraising, carried interest and co-invest to deployment and eventual realisation.

Ceinwen has a particular focus on strategic transactions undertaken at the level of the fund manager and works with clients to prepare themselves for these liquidity events as well as on the structuring and implementation of such transactions. She also works with clients to navigate HMRC enquiries arising in this space, especially around UK partnership issues and carried interest.

Ceinwen is recognized in both The Legal 500 UK and Chambers UK as a leading individual, where she is described as an “outstanding” practitioner and as someone who “breaks down concepts, explains them in an easily understandable manner and comes up with commercial practical solutions.” Ceinwen is an active member of the BVCA’s carried interest reform technical working group and also teaches at Oxford University on the M.Sc. in Taxation. 

Representative Clients

BC Partners, Bridgepoint, Brightstar Capital, Coller Capital, Oaktree, GI Partners, Hellman & Friedman, Lone Star, Permira, Strategic Value Partners

External Recognition

  • Chambers & Partners UK and The Legal 500 UK: Recognised as a Leading Lawyer (2026)

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Thought Leadership

Publications

Co-Author, “Carry on paying on account (or risk paying more)”, Tax Journal, July 16, 2025

Co-Author, “Revisiting the boilerplate withholding tax clause via 1962 (and beyond)”, Tax Journal, July 24, 2024

Co-Author, “Capital interests: mixed member partnerships”, Tax Adviser, March 22, 2024

Co-Author, “Carried interest taxation: the European landscape”, Tax Journal, June 28, 2023

Co-Author, “Luxembourg convertibles: deeply discounted securities?”, Tax Journal, January 20, 2021

Speaking Engagements

Presenter, “Taxation of Corporate Finance”, Oxford University Centre for Business Taxation, February 2024 and February 2026

Presenter, “Carried interest reform”, BVCA Technical Conference, November 18, 2025

Presenter, “Taxation for Private Equity Funds”, Informa, June 2025

Presenter, “Taxation of Holding Companies”, Oxford University Centre for Business Taxation, June 2024

Memberships & Affiliations

Law Society Corporate Tax Sub-Committee

Credentials

Admissions & Qualifications

  • 2009, Admitted to practice as a Solicitor of England and Wales

Education

  • University of OxfordM.Sc., in Taxation2023
  • London School of Economics and Political SciencePGDip, Finance2009
  • BPP Law SchoolLPC2007
  • University of CambridgeM.A. (Cantab), Law2004