OFFICE DESCRIPTION
Isle of Man Office
33 - 37 Athol Street Douglas Isle of Man IM1 1LB
T: +44 (0) 1624 647 647 F: +44 (0) 1624 620 992 E: [email protected] OFFICE DESCRIPTION
OVERVIEW
Appleby (Isle of Man) LLC is the largest provider of legal services in “Our approach to the Isle of Man. Our approach to advising clients is based on over 115 years of experience operating in one of the world’s leading offshore advising clients is jurisdictions. based on over 115 Our clients are diverse, ranging from global public and private companies to financial institutions and high-net-worth individuals. years of experience
Our clients come to us for practical help and advice that can be single operating in one of location focused, or reach across up to eight offshore jurisdictions: expert advice that is delivered in a timely and commercially-minded way, and is the world’s leading always set in the context of understanding how to do business offshore. jurisdictions” Why does that make us an adviser of choice? Simply put, our team of lawyers help our clients to meet their commercial objectives however complex and whatever the aim.
Clients come to us because they know they will get the dual benefit of:
Peace of mind that Appleby delivers the right results for their business through its deep seated expertise drawn from within the jurisdiction Efficiencies delivered because instructing Appleby means they only have to go to one offshore provider for all of their offshore advice.
AWARDS & RECOGNITIONS
Awarded ‘Isle of Man Firm of the Year’ at Who’s Who Legal Awards 2018 Tier 1 ranked in the Isle of Man by Chambers UK, Europe and Global, Legal 500 and ILFR 1000 legal directories 2017 Awarded ‘Isle of Man Law Firm of the Year’ at the Citywealth International Financial Centre Awards 2016 Awarded ‘Offshore Firm of the Year’ by Legal 500 UK 2015
2 OFFICE DESCRIPTION
LEGAL SERVICES
Lawyers in our Isle of Man office advise clients in relation to Isle Our lawyers are of Man and British Virgin Islands law and are able to facilitate the provision of legal advice in Bermuda, the Cayman Islands, Hong Kong, consistently ranked Mauritius, Shanghai and the Seychelles. We are also the only offshore law firm able to offer advice across the three Crown Dependencies of in the top tier of legal the Isle of Man, Jersey and Guernsey. directories for our Our lawyers are consistently ranked in the top tier of legal directories for our corporate as well as dispute resolution legal advice. In addition corporate as well as we are the only Isle of Man law firm to have dedicated service teams in the niche sectors of Aviation, Capital Markets, eGaming, Intellectual dispute resolution Property and Regulatory advice. legal advice. Areas of Practice
Arbitration & Alternative Dispute Resolution Banking & Asset Finance Corporate Finance Dispute Resolution Employment Fraud & Asset Tracing Funds Disputes Funds & Investment Services Insolvency & Restructuring Insurance Insurance & Reinsurance Dispute Resolution Intellectual Property Islamic Finance Private Client & Trusts Commercial Property Structured Finance Trust & Disputes Regulatory Advice
3 OFFICE DESCRIPTION
WHY APPLEBY WHY THE ISLE OF MAN
We have an understanding of our local market Sophisticated international financial place with an international footprint unmatched and professional sector by other Isle of Man based law firms. Investor friendly government with easy access to decision makers We have been operating in the Isle of Man for Sound economic fundamentals: Aa1 rated over 115 years and have the largest corporate and by credit rating agency Moody’s dispute resolution teams capable of handling high Pro-business environment value, complex work. Advanced physical and legislative infrastructure Competitive corporation tax regime: 0% We have an unparalleled presence offshore. Personal income tax cap of £120,000 This means clients don’t have to manage a large Attractive package of incentives group of advisers for complex, multi-jurisdictional for foreign investors matters and projects. Very competitive base for high value manufacturing and services No other offshore firms operating in the Isle of 32% of the population born outside Man can compete with the quality of our advice, of the Isle of Man network of offices, the depth of our resources or High quality of life: 93% of residents rate our service. We are the only offshore group able the Island a great place to live to offer advice across the Crown Dependencies Physical space for expansion and freedom of the Isle of Man, Jersey and Guernsey. to flourish
We are an award winning team with a track record of advising clients on the most complex and market leading deals and structures. Clients get the best and most experienced advice from our efficient and knowledgeable experts.
Our lawyers regularly advise on the top offshore deals out of the Isle of Man and our track record has been recognised by The Legal 500 and Chambers Global legal directories who have consistently rated us as a tier one firm.
Our relationship with leading onshore firms is unrivalled. We pay careful attention to this, which means clients access a truly cohesive approach to their matters that has both an onshore and an offshore element.
We have a dedicated client relationship programme with our counterparts in the leading onshore firms and a number of leading corporations. “We are one of the only offshore We offer local, regional and international expertise through a one firm approach. Our clients can access firms in the Isle of Man that has advice in their relevant time-zone. They also benefit from our global network of people who provide the ability to provide a bespoke advice and services in the most efficient way. team for each matter with We are one of the only offshore firms in the Isle of Man that has the ability to provide a bespoke team expertise from across our global for each matter with expertise from across our global network of offices. network of offices.”
4 OFFICE DESCRIPTION
REPRESENTATIVE WORK Corporate
International Financial Group Nomura International PLC Paysafe Group PLC Limited
Advised in connection with Acted as Isle of Man, Guernsey Advised Blackstone and the proposed acquisition and Bermuda counsel to CVC in connection with of Friends Provident Nomura International Plc the proposed acquisition of International Limited and during a sophisticated leverage Paysafe Group PLC by way of its subsidiary Friends Provident loan to Isle of Man co – GVC scheme of arrangement. International Services Limited. Holdings PLC.
Duncan Lawrie (IOM) Limited/ NEPI Rockcastle PLC Strix PLC Duncan Lawrie Offshore
Advised NEPI in connection Acted as Isle of Man legal Advised on the sale by the with a guaranteed medium counsel to Strix Group Duncan Lawrie private term note programme and the PLC during the process of banking group of its Isle of first issue of notes. scheduling and listing its Man investment management, shares on the London Stock lending and fiduciary Exchange’s Alternative businesses and the winding Investment Market. down of its banking operations.
GreenWhiteStar Holding Company
Acted for one of the existing investors during the listing of Eddie Stobart Logistics for circa £570m on the London Stock Exchange’s Alternative Investment Market.
5 OFFICE DESCRIPTION
REPRESENTATIVE WORK Cont’d Dispute Resolution
Scottish Widows Limited IOTA Confidential
Acted for the Lloyds Banking Acted for the claimants (various Acted for the acquirer of a Group/Scottish Widows IOTA entities, backed by Sabal takeover of a listed Isle of Man Limited in respect of a court Financial Group) in proceedings company involved in payment sanctioned scheme for the against Las Vegas based processing for the e-gaming transfer of insurance policies to property developer Rex Lewis. industry. RL360.
Major Shareholder Confidential
Acted for a major shareholder Caren Pegg was retained to in a battle for control of an Isle resolve a number of complex of Man investment company, regulatory issues which related resulting in multiple EGMs and to the removal of a director subsequent litigation. and manager that had been put in place. This was a sensitive and difficult matter and it arose out of a high profile fraud case which had been reported in the local and national press.
Private Client & Trusts
Corporate Trusts Trust Funds Foundations
Advising on corporate trust Advising on the legitimacy, or Drafting foundation reorganisation to permit otherwise, of the use of trust constitutions under the corporation tax planning funds by trustees. Foundations Act 2011 arrangements to proceed. for wealthy individuals as part of estate planning.
6 OFFICE DESCRIPTION
REPRESENTATIVE WORK Cont’d Commercial Property
Royal Bank of Scotland Confidential SDI (Isle of Man) Limited International Limited
Assisting with overseeing the Acted for the bank in granting Acted for the client, a member purchase of a new tranche of a loan to the Channel Islands of the Sports Direct Group, in development land for a large Property Fund. Part of the purchasing a shopping centre housing estate and putting in facility sums made available in the Isle of Man. This also place the necessary security were to enable a subsidiary, included advising on lease with a top Island development Fort Anne Holdings Limited, to surrenders, implied tenancies, company. purchase a prominent business landlord and tenant rights in property in Douglas for the Isle of Man, enforcement £13.3million from Dohle (IOM) under a lease and short term Limited. licences due to the number of retail shops within the property.
Employment
Lorna Taylor RL360 Confidential
Advised on a long-running Appleby has been engaged Appleby is retained to act for employment dispute dealing by RL360 to defend two an international manufacturing with several points of law significant Tribunal claims. company in a number of which have not yet been employment and data litigated in the Isle of Man. We represent Lorna Taylor protection issues. who has a claim for unfair dismissal/detriment suffered due to whistleblowing.
7 CONTACT
Isle of Man Mark Holligon Isle of Man Partner Faye Moffett Global Practice Group Co-Head Managing Partner Dispute Resolution +44 (0)1624 647 631 +44 (0)1624 647 691 [email protected] [email protected]
Isle of Man Isle of Man Kyle Sutherland Caren Pegg Partner | Corporate Partner | Dispute Resolution +44 (0)1624 647 653 +44 (0)1624 647 636 [email protected] [email protected]
ABOUT APPLEBY
Appleby is one of the world’s leading offshore law firms. The Group has offices in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and Seychelles, as well as a presence in the international financial centres of Hong Kong and Shanghai.
With over 470 people, including lawyers and professional specialists, across the Group, Appleby delivers sophisticated, specialised services, primarily in the areas of Corporate, Dispute Resolution, Private Client and Trusts, Regulatory and Property. The Group advises public and private companies, financial institutions, and high net worth individuals, working with these clients and their advisers to achieve practical solutions, whether in a single location or across multiple jurisdictions.
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