The Legal 500

Gibraltar

Banking and finance

Banking and finance - ranked: tier 1

Triay & Triay

Led by senior partner Joseph E Triay, the team at Triay & Triay acts for banks, payment institutions, intermediaries and managers on matters ranging from MiFID II implications to sales and acquisitions of interests in regulated entities. The group provided regulatory advice to the Gibraltar Financial Services Commission (GFSC) pertaining to motor insurers Enterprise Insurance and Elite Insurance. The team also assisted with a proposed London Stock Exchange listing, along with handling several listings on the Gibraltar Stock Exchange.

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Commercial, corporate and M&A

Commercial, corporate and M&A - ranked: tier 2

Triay & Triay

Triay & Triay has expertise in a range of cross-border commercial transactions across various sectors, providing ‘expert advice’ along with ‘a speedy response and strong business rationale’. Alan Buchanan and senior associate John Virgo led on the purchase of the share capital of an online payment group and handled the sale of a protected cell company. The team also recently acted for Artex Risk Solutions on the purchase of a large insurance manager and assisted a major high street retailer with its restructuring. Julian Triay provides ‘sound commercial advice’.

Next generation lawyers

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Dispute resolution

Dispute resolution - ranked: tier 1

Triay & Triay

Triay & Triay has expertise across matters ranging from asset tracing and interim remedies to contractual, construction, gaming and trust litigation. Charles Simpson regularly acts in commercial litigation cases, recent examples include claims against RBS and Jyske Bank (Gibraltar). The firm is currently acting for the liquidator of Enterprise Insurance in the largest insurance insolvency in Gibraltar’s history, and acted for the GFSC in its application to appoint the liquidator of Enterprise Insurance. The team is also representing GFSC in various appeals by Elite Insurance concerning directions issued by the client. Raymond Triay recently acted for Ivory Key Holdings in a dispute pertaining to the release of $5m frozen under an injunction.

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Investment funds

Investment funds - ranked: tier 2

Triay & Triay

Triay & Triay recently advised on the establishment of numerous private funds and EIFs, including a private scheme structured as a protected cell company. The firm ‘delivers value for money’ and provides ‘insight into the regulator’s way of thinking’. It is currently assisting two licensed entities with UCITS applications. Recent highlights include advising on redomiciliation of various sub-funds and assisting with the drafting of Gibraltar’s legislation on small fund managers, along with amendments to EIF legislation. ‘Rising star’ senior associate Jay Gomez Jr and associate Javi Triay are noted.

Next generation lawyers

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Private client

Private client - ranked: tier 2

Triay & Triay

Triay & Triay regularly advises high-net-worth clients on residency, tax and estate planning. The firm acts for global clients, working closely with associated company T&T Management Services. ‘Astute and helpful’ Javier Triay and Joseph E Triay are the practice heads.

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Real estate and construction

Real estate and construction - ranked: tier 1

Triay & Triay

Triay & Triay’s property team provides specialist advice on residential and commercial transactions in Gibraltar and Spain. The firm regularly acts for banks, developers and investors and recently advised the liquidator of Enterprise Insurance on its property portfolio. Consultant Abraham Serfaty QC is a recognised expert in the sector.

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Shipping

Shipping - ranked: tier 1

Triay & Triay

Triay & Triay acts for a wide range of clients from private individuals to international corporations, including major banks and financial services companies. The team also advises online gaming companies, insurance companies, funds and non-profits. Raymond A Triay and James Ramagge recently acted for Nordic Trustee in the enforcement of bondholders’ rights, which resulted in a judgment of $240m and the arrest and sale of two vessels.

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TMT

TMT - ranked: tier 2

Triay & Triay

Triay & Triay advises clients on a wide range of legal, commercial and regulatory matters including structuring, compliance, data protection, cyber-security and transposition of directives. Recent highlights include acting for Easy Payment Gateway on its payment institution application and assisting a major social media company with its instant messaging app. On the fintech side, Jay Gomez Jr acted for several clients on their ICOs and assisted a leading Asian company with its investment in a Gibraltar Stock Exchange group.

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Tax

Tax - ranked: tier 2

Triay & Triay

Triay & Triay regularly advises on tax matters for trading entities and private clients, including commercial structuring of transactions, wealth management and estate planning. Joseph E Triay and Javier Triay regularly assist clients with structuring and tax issues as well as advising high-net-worth individuals. Consultant Robert Vasquez QC played a leading role in the redrafting of the Income Tax Act 2010.

Leading individuals

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