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Appleby advised on the establishment of the first regulated fund to be approved by the Isle of Man Financial Supervision Commission under new regulations, and was Isle of Man counsel for Seanergy Maritime Holdings on the issue of shares on Nasdaq. Simon Harding is ‘level headed and practical in his approach’.

Cains advised Brookvalley in the offering of ordinary shares of O’Key Group in the form of global depositary receipts admitted to the Official List in London. The practice also represented investors in a distressed property fund. Richard Vanderplank and Tristan Head are key practitioners.

Simcocks Advocates ‘promptly attends to matters and has excellent technical knowledge. They clearly know their stuff’. David Spencer is ‘particularly quick with his responses and this is critical to transactions’. Associate Peter Chemaly has ‘a very clear, analytical mind’. The department recently advised in relation to the suspension of various funds.

Gough Advocates’ Mark Holligon is an experienced distressed funds lawyer, and his experience in the funds sector has also been put to use in non-contentious matters.

M&P Legal has a strong reputation for regulatory funds work. In capital markets, the team acted on the Isle of Man aspects of an issuance of $450m loan notes through a Dutch subsidiary. Christopher Murphy is a key contact.

MannBenham Advocates Limited advises on share capital matters and listings. Timothy Mann is an experienced practitioner.

While Dougherty Quinn is not known as a funds firm, Mark Dougherty is active in listing work and advised on the first listing of an Isle of Man company on the Canadian (TSX) Stock Exchange.

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