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Isle of Man About Appleby OFFICE DESCRIPTION ISLE OF MAN ABOUT APPLEBY APPLEBY IS ONE OF THE WORLD’S LEADING INTERNATIONAL LAW FIRMS. OUR GLOBAL TEAMS OF LEGAL SPECIALISTS ADVISE PUBLIC AND PRIVATE COMPANIES, FINANCIAL INSTITUTIONS AND PRIVATE INDIVIDUALS. “Appleby is a firm We are regularly recognised for our professionalism, integrity and excellence, that you can put your and these are the values we pride ourselves on and are at the core of our complete trust in to business. find a solution” - Legal 500 Appleby is a full service law firm providing comprehensive, expert advice and services across Corporate, Dispute Resolution, Property, Regulatory and Private Client and Trusts practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions. We have offices in ten highly regarded, well-regulated global locations, operating in nine and practicing the laws of eight jurisdictions. Our office locations include the key international jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and the Seychelles, as well as the international financial centres of Hong Kong and “Respected firm Shanghai. with an unparalleled global network” Our global presence enables us to provide comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients. - Chambers & Partners 2 Isle of Man Office Description applebyglobal.com OVERVIEW ABOUT ISLE OF MAN The Isle of Man is a leading international business centre renowned for its ISLE OF MAN innovation, professionalism and long-standing policy of positive engagement with international initiatives and standards. The Isle of Man is a UK Crown RECOGNITIONS Dependency located in the heart of the British Isles. The Island has a rich history dating back to before 6500 BC and has its own democratically elected • Sophisticated international Parliament called Tynwald, which dates back more than 1,000 years to be the financial and professional sector world’s oldest continuous parliament. In addition, the Isle of Man has a stable • Investor friendly government and diverse economy with healthy economic growth and 50 years of national with easy access to decision budget surplus. The Island has world-class connectivity with an excellent makers telecoms and power infrastructure which has benefited from hundreds of • Pro-business environment millions of pounds worth of public and private sector investment in recent years • Advanced physical and alongside a clear and simple taxation regime giving a broad range of practical legislative infrastructure advantages to those who operate internationally. (Source: Finance Isle of Man.) • Competitive corporation tax regime: 0% • Personal income tax cap of LEGAL SERVICES £200,000 • Attractive package of incentives Our Isle of Man practice provides our corporate, institutional and private clients for foreign investors with a wide choice of services and jurisdictions, complementing our offshore • Very competitive base for UK offerings in Jersey and Guernsey. We are one of the only offshore firms on high value manufacturing and the island that has the ability to provide a bespoke team for each matter with services expertise from across our global network of offices. • 32% of the population born outside of the Isle of Man • High quality of life: 93% of AREAS OF PRACTICE residents rate the Island a great place to live • Arbitration & Alternative Dispute • Insurance & Reinsurance • Physical space for expansion Resolution Dispute Resolution and freedom to flourish • Banking & Asset Finance • Intellectual Property • Corporate Finance • Islamic Finance • Dispute Resolution • Online Gambling • Employment • Private Client & Trusts • Fraud & Asset Tracing • Commercial Property • Funds Disputes • Structured Finance • Funds & Investment Services • Trust & Disputes • Insolvency & Restructuring • Regulatory Advice • Insurance WHY APPLEBY • We have an unparalleled presence offshore. This means clients don’t have to manage a large group of advisers for complex, multi-jurisdictional matters and projects. • We are an award winning team and have a track record of advising clients on the most complex and market leading deals and structures. • Our relationships with leading onshore firms are unrivalled which means clients access a truly cohesive approach to their matters that has both an onshore and offshore element • We have a dedicated relationship programme with our counterparts in the leading onshore firms • We are the only law firm to have offices in all three Crown Dependencies • We have a growing reputation both locally and internationally • We offer a personal, efficient and trusted service to our clients. 3 Isle of Man Office Description applebyglobal.com REPRESENTATIVE WORK CORPORATE FERROUS RESOURCES BASALT INFRASTRUCTURE CONFIDENTAL LIMITED PARTNERS Acted for a global bank on the intra- Acting for Ferrous Resources Limited, Providing Isle of Man law advice and group transfer of its banking businesses in respect of its sale to Vale S.A. assistance in connection with the in both the Isle of Man and Jersey. (the world’s largest nickel and iron recommended cash offer for AIM-listed This was a complex multi-jurisdictional producer). The deal was structured as Manx Telecom plc, the leading Isle of restructuring involving court-sanctioned a merger under Isle of Man law with a Man-based communication solutions schemes in the Isle of Man and Jersey. purchase price of circa USD550 million. provider, which was effected by means of a scheme of arrangement under section 157 of the Isle of Man Companies Act 2006. BANK OF CHINA THOMAS MILLER (LUXEMBOURG) INVESTMENT PLAYTECH PLC SASERVICES LIMITED Acting as lead counsel to Thomas Miller Acted as Isle of Man legal counsel to Advice in relation to the facilities Investment (Isle of Man) Limited in Playtech Plc in connection with a €530 arranged by Bank of China the sale of its offshore private client million senior secured notes offering. (Luxembourg) SA and a syndicate of investment management business to banks in connection with the EURO 12.2 Canaccord Genuity Wealth Management. billion acquisition of Logicor, a European logistics company, by China Investment Corporation from Blackstone. DISPUTE RESOLUTION MOORGATE INDUSTRIES ROSENBLATT TAKAFUMI HORIE (UK) LIMITED Instructed by Rosenblatt to act for An ongoing matter involving a claim Acted for Moorgate Industries (UK) the State Trading Corporation of against client, Takafumi Horie, for breach Limited (a major creditor) in relation India in relation to a high value, multi- of a jurisdiction clause contained within to a high value, multi-jurisdictional jurisdictional contentious insolvency a Settlement Deed, resulting in the Isle contentious insolvency matter. matter. The matter is involved novel of Man’s first interim anti-suit injunction, points of law on new issues previously preventing Mr Horie from continuing undecided on the Isle of Man. with a claim issued before the Court of Texas. FINANCIAL SERVICES PUBLIC SERVICES AUTHORITY COMMISSION Acted for the Isle of Man regulator in the Successfully struck-out a Petition of largest directors’ disqualification claim Doleance (the Manx form of judicial in Manx history. review) issued by an individual against the Public Services Commission and Public Sector Pensions Authority 4 Isle of Man Office Description applebyglobal.com REPRESENTATIVE WORK PRIVATE CLIENT & TRUSTS CORPORATE TRUSTS TRUST FUNDS FOUNDATIONS Advising on corporate trust Advising on the legitimacy, or otherwise, Drafting foundation constitutions under reorganisation to permit corporation tax of the use of trust funds by trustees. the Foundations Act 2011 planning arrangements to proceed. for wealthy individuals as part of estate planning. COMMERCIAL PROPERTY CIVITAS SOCIAL HOUSING ROYAL BANK OF SCOTLAND PLC INTERNATIONAL LIMITED SDI (ISLE OF MAN) LIMITED Acted as Isle of Man counsel to the Acted for the bank in granting a loan Acted for the client, a member of the buyers in the acquisition of companies to the Channel Islands Property Fund. Sports Direct Group, in purchasing holding a portfolio of regulated social Part of the facility sums made available a shopping centre in the Isle of Man. housing for a total consideration of £37.6 were to enable a subsidiary, Fort This also included advising on lease million. Anne Holdings Limited, to purchase a surrenders, implied tenancies, landlord prominent business property in Douglas and tenant rights in the Isle of Man, for £13.3million from Dohle (IOM) enforcement under a lease and short Limited. term licences due to the number of retail shops within the property. EMPLOYMENT CONFIDENTAL RL360 QUILTER PLC Defended a number of connected Appleby has been engaged by RL360 to Acted for Quilter plc, formerly known as constructive dismissal claims taken by defend two significant Tribunal claims. Old Mutual Wealth Management Limited, members of staff who resigned on or in relation to a variety of employment around the same time. The matters were matters in 2017 and 2018. complicated and concerned regulatory issues, whistle-blowing and data protection advice. 5 Isle of Man Office Description applebyglobal.com KEY CONTACTS FAYE MOFFETT MARK HOLLIGON Managing Partner Partner Practice Group Head Global Practice Group Co-Head Corporate Dispute Resolution +44 (0)1624 647 631 +44 (0)1624 647 691 [email protected] [email protected] KYLE SUTHERLAND CAREN PEGG Partner Partner Corporate Dispute Resolution +44 (0)1624 647 653 +44 (0)1624 647 636 [email protected] [email protected] 6 Isle of Man Office Description applebyglobal.com 33 - 37 Athol Street Douglas Isle of Man IM1 1LB T: +44 (0) 1624 647 647 E: [email protected] This publication is for general guidance only and does not constitute definitive advice. © Appleby Global Group Services Limited 2020. applebyglobal.com OD6.
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