The Legal 500

ISOLAS

PORTLAND HOUSE, GLACIS ROAD, GIBRALTAR
Tel:
Work +350 200 78363
Fax:
Fax +350 200 78990
Web:
www.gibraltarlawyers.com
Email:
Sotogrande, Gibraltar

What we say about the firm's legal practice in Gibraltar

Banking and finance

Within Banking and finance, ISOLAS is a first tier firm,

Isolas has enjoyed a very solid year with considerable banking and finance activity, having represented VTB Bank on a major $2bn restructuring. The firm has played a lead role in many of the most significant transactions of the past year, including advising Lloyds of London, RBS and Fortis. The firm’s presence is noted in acquisition finance, corporate finance, real estate finance and structured finance, and is also able to advise on international securitisation, and real estate, shipping and aviation finance. Christian Hernandez receives compliments on his terrific technical know-how in this area, as ‘he is particularly good on transactional work’.

Corporate and M&A

Within Corporate and M&A, ISOLAS is a second tier firm,

Isolas’ senior partner Peter Isola ‘is an outstanding practitioner, clearly one of the best respected names in Gibraltar’. Isola is in charge of financial services, corporate and trust law and is strongly supported by real estate expert partner Elaine Bingham. The firm has advised on major transactions, spanning equity capital markets, including flotations and secondary offerings for Gibraltar registered corporations, corporate governance, regulation and domestic and cross-border mergers, as well as acquisitions in the public and private markets. Clients include international corporates, investment banks and private equity houses. Isolas’ company management business, Fiduciary Management, is the largest in Gibraltar.

Dispute resolution

Within Dispute resolution, ISOLAS is a second tier firm,

Isolas has a solid presence in civil and commercial litigation. Christian Rocca, is ‘one of the jurisdictions best respected practitioners’ and heads up a four-lawyer strong team spanning general commercial disputes, compliance and regulatory matters, civil fraud, injuction and asset-tracing, trusts litigation, shareholders disputes regulatory investigations and money-laundering issues.

Legal market

Within Legal market,

Gibraltar’s oldest law firm Isolas was established in 1892, and is also recognised as a market leader. Triay & Triay, another of the Gibraltar’s longstanding firms, stands out particularly for its finance capability. Triay Stagnetto Neish has consolidated its presence as one of the country’s leading firms, particularly since its merger with Denton Wilde Sapte in 2006.

Private client

Within Private client, ISOLAS is a first tier firm,

Renowned for handling high-profile private clients matters, Isolas’ ‘very strong team’ is led by senior partner Peter Isola. Some of the firm’s most noteworthy instructions include acting for a number of clients in structuring a tax-efficient way to acquire holiday homes, as well as advising high-net-worth individuals on the use of asset protection trusts to protect assets from future creditors. Will drafting and will execution, planning and administration of estates, transfers and redomiciliation of trusts, trust litigation, and creation and administration of charities are a few of the firms notable strengths.

Real estate and construction

Within Real estate and construction, ISOLAS is a first tier firm,

Isolas advises on the full spectrum of real estate services, from purchase and sale of residential properties in Gibraltar, to purchase and sale of commercial premises and leases. Real estate expert Elaine Bingham spearheads a team of three fee-earners. Bingham is regarded in the market as a ‘phenomenal lawyer who adds value to every project she works on’. Some of her recent work includes acting for developers in a number of residential and commercial developments, as well as being involved in the Europlaza project, Atlantic Suites, Kings Wharf Quay 27 and Gibraltar’s leading office development, Europort.

Shipping

Within Shipping , ISOLAS is a second tier firm,

Isolas boasts a highly respected shipping practice and stands out particularly for being one of the few firms with a dedicated admiralty department. Christian Hernandez, head of the firm’s admiralty and shipping team, is ‘undoubtedly one of the heavyweights in the sector’. Hernandez has represented shipowners, P&I Clubs, banks and the International Transport Workers’ Federation. The firm continues to be a favourite amongst several top-drawer shipping firms in London.

TMT

Within TMT, ISOLAS is a first tier firm,

Isolas boasts an impressive track record in e-gaming and e-commerce issues. The firm spans regulatory matters, tax planning for gaming tax and income tax, employment issues, contracts for software and website development, gaming platforms, web content, hardware, software and content procurement, and also intellectual property protection. Senior partner Peter Isola is regarded as ‘one of the pre-eminent experts in e-gaming and telecoms’.

Tax

Within Tax, ISOLAS is a first tier firm,

Isolas is described as ‘extremely able, with an ever-present partner involvement’. Peter Isola stands out as one of Gibraltar’s outstanding tax experts, and has represented private clients on tax and offshore trust matters.


What we say worldwide

Please choose another ISOLAS office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

Gibraltar

Offices in Gibraltar

Legal Developments by:
ISOLAS

  • Funds find a New Home in Gibraltar

    Despite numerous proposed changes, Gibraltar is well placed to capitalise on to the proposed European Directive controlling Fund Managers, argues Joey Garcia
    - ISOLAS

Legal Developments in Gibraltar

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Gibraltar – Limited Partnerships

    UK commercial property purchasers lucky enough to find a willing vendor and financier may deem it worthwhile from a stamp duty land tax (“SDLT”) point of view to structure the transaction using a Gibraltar limited partnership (“LP”).
    - Hassans
  • Why Gibraltar as a Jurisdiction?

    The Rock's attractions as a place to conduct international business or establish company structures have been enhanced in recent years by several developments – a warmer relationship with neighbouring Spain has been established and talks on closer cooperation at several levels continue; a new constitution is in place that, while retaining Gibraltar's ties with Britain, gives the Rock greater autonomy; and a glowing report by the International Monetary Fund (IMF) lauding the high standards of the jurisdiction's regulatory regime was issued at the end of May 2007.
    - Hassans
  • Tax Fact Sheet ‘A home for your Holding Company’

    Many jurisdictions now have in place a specialist “Holding Company Regime”. At present Gibraltar does not distinguish between holding companies and companies for other purposes, but certain characteristics of the overall Gibraltar regime for companies make the jurisdiction particularly attractive.
    - Hassans
  • So you found your ideal house... What next?

    Once you have paid a deposit on a property it is important to note that on the whole, reservation agreements tend to be “subject to contract”. This means that until such time as exchange of contracts is effected either the purchaser or the vendor may withdraw from the transaction at any time. However, you should consider the terms of the reservation agreement very carefully as some estate agents will retain the reservation deposit if the purchaser fails to complete the transaction.
    - Hassans
  • GROWTH IN THE GIBRALTAR FUNDS INDUSTRY

    Following the introduction of the Experienced Investor Fund regime (EIF) a couple of years ago there has been a substantial growth in the Gibraltar funds industry. The number of funds established has been growing at a compound rate and funds now range from $1Million to over $1Billion. The funds invest in all areas of the world including America, Europe, Eastern Europe and the Middle East with investors in a number of different jurisdictions.
    - Hassans
  • Funds find a New Home in Gibraltar

    Despite numerous proposed changes, Gibraltar is well placed to capitalise on to the proposed European Directive controlling Fund Managers, argues Joey Garcia
    - ISOLAS
  • Banking Briefing - November 2009

    An introduction to the banking industry in Gibraltar
    - ISOLAS
  • Alternative Investment Fund Managers Directive - Funds find a new home in Gibraltar

    Everyone in the fund industry is more than aware of the European Commission’s draft directive on Alternative Investment Fund Managers (AIFM). The Directive, generally speaking, will not only affect the European hedge fund industry but also private equity and other sectors including real estate investment products. Needless to say, this is a matter which will no doubt need to be given significant consideration by Gibraltar-based funds and managers in the future.
    - ISOLAS
  • the proposed legislative framework for the incorporation of limited liability partnerships

    The Limited Liability Partnerships Bill 2008 (the “Act”) is little more than a framework piece of legislation, only containing details of incorporation, membership and taxation. The Act empowers the Minister for Finance to adopt regulations, likely to be known as the Limited Liability Partnerships Regulations 2008, to regulate the management and winding-up of limited liability partnerships (LLP(s)).
    - ISOLAS
  • Gibraltar crosses the OECD white line

    At the conclusion of a very busy period of negotiations with a large number of jurisdictions, Gibraltar’s government yesterday signed a further three Tax Information Exchange Agreements (‘TIEA’) with the Faroe Islands, Greenland and Finland. This brings the total number of TIEAs signed by the Gibraltar government to thirteen, one more than the magic number twelve, as a result of which, Gibraltar has now been moved on to the so-called ‘White List’ of jurisdictions that have substantially implemented the internationally agreed standard (see below progress report updated 20 October 2009).
    - ISOLAS