Education. We use cookies to optimise site functionality and give you the best possible experience. Such sanctions can, among other things, limit the provision of certain financial services to specific individuals or entities, and also target those persons and organisations involved in international terrorism. Cains Advocates Limited, Fort Anne, Douglas, Isle of Man IM1 5PDT: +44 1624 638300E: law@cains.com, © Cains Advocates Limited 2020 - All Rights Reserved. Education The College of Law, Chester Legal Practice Course. Tara left DQ in April 2020 to join Cains Advocates Limited. Geoff is a Manx Advocate with a practice that includes a wide range of Isle of Man corporate and structured finance work. The Isle of Man Government’s policy with regard to financial sanctions is to maintain the lists of those affected so that they correspond to those adopted by the UK (and by current association those adopted by the UN and the EU). Our expert team of legal specialists work across various disciplines advising clients from around the globe on Banking and Finance, Corporate and Commercial, … If you disable this cookie, we will not be able to save your preferences. University of Warwick ... CEO at Isle of Man Law Society Isle of Man. Cains attracts praise for its ‘extensive knowledge’ across the piece concerning property on the Isle of Man. The Fraudulent Assignments Act 1736 therefore remains on the statute book having been neither repealed nor modified by any legislation enacted by the Island's government since. Cains’ Corporate team advises on sale of IOMA Group. Cains Advocates is one of the largest and most established law firms in the Isle of Man, employing approximately 30 lawyers, many of whom have experience of working in the worlds leading financial centres. Cains Advocates Limited Overview. Contact Details Chambers and Partners No.3 Waterhouse Square 138 Holborn London, United Kingdom EC1N 2SW View in maps Restrictions and Controls on Foreign Currency Exchange. Isle of Man litigation specialist, advocate Lindsey Bermingham has joined Douglas law firm Cains as a director. Cains is one of the largest and oldest law firms in the Isle of Man.Its precise date of founding is not certain, but the firm claims to be over 100 years old. They are very responsive, deliver on our demanding requirements on local counsel and are able to understand the interplay between the various jurisdictions and transaction documents across a deal – not just the Manx law piece. We are always confident of receiving a first class service for ourselves and our clients. Have only just found this site, and am impressed by the number of US decendants, and mightily disappointed by the lack of UK and especially Isle of Man correspondents. He is one of the Isle of Man’s leading corporate lawyers and has over 20 years’ experience of advising on complex corporate, commercial and finance transactions. For some, Cains is the ‘leading banking practice in the Isle of Man’ with standout capabilities in real estate finance, acquisition finance and debt capital markets. To the extent such agency and trust arrangements are established under – and governed by – English law, there is no reason why they would not be recognised and enforced by the Manx courts. The project was originally established to research the Keig family. He has been repeatedly recognized as a leading practitioner in the Isle of Man and regularly advises clients on strategy and … They’re technically sound without overcomplicating matters. Profile. They’re good academic lawyers but client-focused too, and I think that makes them stand out. The team is knowledgeable, responsive and easy to work with, making it a go-to firm for all Isle of Man legal queries. Cains is one of the largest and oldest law firms in the Isle of Man. Solicitor - non-practising Admitted as a solicitor 01/11/84. Whilst specialising in international dispute resolution, commercial […] Click here to view the complete Chamber and Partners Banking & Finance 2019 Second Edition. Practice head Jonathan Latham handles transactional work and is notably strong in multi … The City Code is based upon six General Principles, which are applied by the Panel in accordance with their spirit in order to achieve their underlying purpose, and also contains a series of rules. Education The College of Law, Chester Legal Practice Course. Restrictions on Granting Security to Foreign Lenders. Such mechanisms will be set out in the facility agreement, which will usually provide that an existing lender may assign any of its rights or transfer by novation any of its rights and obligations to a new lender (an LMA style loan agreement will include schedules containing a form of transfer certificate and assignment agreement). There are, however, Isle of Man law restrictions on foreign lenders granting loans to individuals and/or sole traders. Cains For some, ' the strength and depth of the dispute resolution team in Cains is unrivalled in the Isle of Man '. as full or restricted deposit takers) and other lenders regulated by the Isle of Man Office of Fair Trading are required by Manx law to ensure that the proceeds of loans made by them are not applied in a manner that would contravene Manx law in relation to matters such as financial sanctions. They have a very commercial and collegiate approach and will always go the extra mile to ensure that matters are completed on time and consistently demonstrate a very strong understanding of the relevant law and its practical application to the transaction. Cains has provided the Isle of Man chapter to the guide and below is an excerpt of the section relating to Isle of Man structuring and documentation considerations. We have worked with the Litigation team at Cains on various matters, some of which have involved very complex questions of law. Cains supports KPMG IOM in the creation of new Crown Dependencies practice. Established in 1899 and headquartered in the Isle of Man, Cains is a leading independent offshore law firm at the forefront of maintaining the Isle of Man as a premier international finance centre. Cains is one of the Isle of Man’s principal commercial law and professional services providers, with operations in the Isle of Man and London. Independently offshore. CAINS ACHIEVES TOP-TIER RANKINGS IN THE LEGAL 500 UK. A man who gave a false name to border officials after returning to the Isle of Man has been jailed for six weeks for breaking Manx Covid-19 laws. Some of the benefits of an IPUT (which is structured as a Baker Trust) can be identified as follows: 1. the high degree of similarity of underlying trust law principles with those in England and Wales; 2. no requirement to obtain consent from the Isle of Man Financial Services Authority (“FSA”) prior to its establishment, when units are issued and/or where any distributions are effected (where the IPUT is an exempt scheme); 3. any income generated by the IPUT “passes through” the investment vehicle and will … Start This article has been rated as Start-Class on the quality scale. University of Warwick ... CEO at Isle of Man Law Society Isle of Man. Other key names include Tim Shepherd, who is a key name for real estate finance mandates, and Stephanie Chew. ... Born and raised in the Isle of Man, Ms Owens obtained a law … Our expert team of legal specialists work across various disciplines advising clients from around the globe on Banking and Finance, Corporate and Commercial, Employment and Data Protection, Litigation, Property, Regulatory, Restructuring and Insolvency legal matters. Much of the lending to Isle of Man corporates is by UK, Irish and other European banks, which in each case will need to comply with their own domestic regulatory obligations regarding financial sanctions, anti-bribery and corruption and AML/CFT regulations. Please enable Strictly Necessary Cookies first so that we can save your preferences! The lawyers at Cains understand the commercial imperatives to which their clients are subject and strive to provide solutions to legal problems rather than simply reciting the law. Cains is an internationally renowned independent offshore law firm providing expert legal services in the Isle of Man. Lindsey is currently acting as local counsel for AIM listed company HIRCO plc in high court proceedings in the Isle of Man. There are no statutory restrictions under Manx law that would prevent a corporate borrower in the Isle of Man granting security or guarantees to foreign lenders, although with regard to the latter, similar considerations of corporate benefit will apply as they do under English law, particularly where a borrower is giving an “upstream” or “cross-stream” guarantee to a lender (whether domestic or foreign). You can find out more about which cookies we are using or switch them off in settings. Invariably they will be able to support our needs, and provide an excellent service. Peter Clucas jointly leads the practice and is a key name in the market for insolvency disputes, while fellow practice head Robert Colquitt focuses on trusts disputes, fraud and asset tracing. It was the first Isle of Man law firm to have a permanently staffed London office. Therefore, at least in relation to any Manx law governed security, there is no question of new security having to be granted, thereby resetting hardening periods and jeopardising the priority of security. Restrictions on Foreign Lenders Granting Loans. Please enable Strictly Necessary Cookies first so that we can save your preferences! Civil Legal Aid Isle of Man Courts of Justice Deemsters Walk Douglas Isle of Man IM1 3AR Telephone:+ 44 1624 685977 legalaid.treasury@gov.im - that reads as follows; legalaid [dot] treasury@gov [dot] im Advocates Limited is a full service law firm providing expert legal services company based out FORT... Trust structure management matters of key business areas finance work with City experience careers Chambers careers. This means that every time you visit this website you will need enable! 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