The Legal 500

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FORT ANNE, DOUGLAS, IM1 5PD, ISLE OF MAN
Tel:
Work 01624 638300
Fax:
Fax 01624 638333
Email:
Web:
www.cains.com

Isle of Man

Banking and finance
Banking and finance - ranked: tier 1

Cains

Cains advises on cross-border finance work, with practice head Tim Shepherd handling a number of complex financing transactions concerning both Manx businesses as well as other challenging jurisdictions. In the capital markets space, the team also works with both issuers and investment banks. Tristan Head has a track record of both note issuances and DCM restructuring issues. Securitisation is another area of expertise.

Practice head(s):Tim Shepherd

Other key lawyers:Tristan Head; Scott Leonard-Morgan; Stephanie Chew; Catherine Hammill

Testimonials

'The banking team provides clients with high-quality assistance in a timely manner - the personable approach of the team makes collaborating with them a pleasant experience.'

'The lawyers do not just tell clients what the law says, but explains how it will effect the client's transaction - and a genuinely nice bunch of people to work with, too.'

'Matthew Quinn is extremely responsive and offers practical and sound advice in a highly personable manner.'

'Stephanie Chew is very impressive.'

'Tristan Head has a calm and welcoming manner - he can defuse tough stakeholders through his balanced and well-reasoned approach.'

Key Clients

Abu Dhabi Commercial Bank

ANZ Bank

BNP Paribas

Danske Bank

Europe Arab Bank

Levine Leichtman Capital Partners

National Bank of Kuwait

Svenska Handelsbanken

PGIM Real Estate Partners

Work highlights

  • Advised The Stars Group, which owns PokerStars, on the financing of its acquisition of Sky Betting and Gaming through both revolving and term loans and the issuance of unsecured senior notes.
  • Advised a consortium of banks including Deutsche Banka and HSBC on financing SGG Group's purchase of First Names Groups from AnaCap.
  • Advised the finance parties and the joint lead managers, via Linklaters in London, on Playtech's issuance of €350m of senior secured notes, and borrowing €1.29bn through term and revolving multi-currency facilities.
  • Advised Elli Financing on Four Seasons Health Care Group's debt.
  • Advised Tullow Oil on issuing $800m of senior notes due in 2025.
Leading individuals

Tim Shepherd - Cains

Tristan Head - Cains

Next Generation Partners

Stephanie Chew - Cains

Rising stars

Catherine Hammill - Cains

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Commercial property
Commercial property - ranked: tier 1

Cains

The team at Cains provides its clients with advice on commercial property mandates including property acquisitions and sales, leases, loan structuring deals and refinancing arrangements. Practice co-head Alex Poole-Wilson regularly acts on domestic transactions across the industrial, office, retail, care home and leisure sectors. Tim Shepherd, who also co-heads the practice, specialises in commercial real estate restructuring and reorganisation exercises and regularly acts for major banks, alternative lenders and recovery professionals.

Practice head(s):Alex Poole-Wilson; Tim Shepherd

Testimonials

'Few other firms on the island providing a similar service to the same high standard'

'Very personal and efficient service'

'Great attention to detail'

'Alex Poole-Wilson has an in-depth knowledge of property law and provides excellent advice'

'Alex Poole-Wilson and Scott Morgan are very supportive during complex and sensitive discussions with third parties.  The direction and advice has proved invaluable in progressing the matter effectively'

'Matthew Quinn provides an excellent service; very attentive and efficient'

'Tim Shepherd is one of the leading advocates in dealing with the financing and refinancing of assets'

Key Clients

BNP Paribas

Chenavari Financial Group

Cheyne Capital Management

Clearbell

Comis

Four Seasons Health Care

Heron and Brearley

Hoi Hup Realty

Kings Park

Manx Telecom

Melford Capital

The Stars Group (formerly Poker Stars)

Work highlights

  • Handled Aviva Life & Pensions' £13m disposal of a fully occupied multi-tenanted office building in Douglas to Tevir Group.
  • Advised the Bank of Ireland on the enforcement of its real estate security granted to Marathon as freeholder, including appointing Grant Thornton as receiver and acting on the subsequent sale.
  • Acted for Four Seasons Health Care in its £1m sale of the Kings Reach nursing facility to Island Care.
  • Acted for the Stars Group on the grant of freehold security over the 3,300m² Douglas Bay Complex, which houses the client's headquarters.
  • Assisted property investment company Kings Park with letting the office element of mixed-use building Cycle360 to Mary Oppenheimer Daughters.
Leading individuals

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Corporate and commercial
Corporate and commercial - ranked: tier 1

Cains

Cains advises on a broad range of deals, covering sectors ranging from natural resources through to real estate and fund services, in which the firm was particularly active in 2018. Bank ring-fencing and cross-border M&A deals are another area of expertise. The firm has recently gone through some generational change in its directorate, with 'world-class commercial lawyer' Scott Leonard-Morgan added (he now shares leadership of the team with Tristan Head); Richard Vanderplank is now a consultant.

Practice head(s):Scott Leonard-Morgan; Tristan Head

Other key lawyers:Andrew Baker; Richard Vanderplank; Matthew Wilkinson; Stephanie Chew

Testimonials

'Highly responsive and reliable when it comes to preparing documents - the team inspires real trust that deadlines will be met and the output will be excellent.'

'The firm has a huge corporate team with significant international experience - professional through and through, the teams are relationship-driven with a good sense of humour that puts them above the rest.'

'Flexible, combined with with exceptional knowledge.'

'Considerable depth and expertise in Manx law - the team is knowledgeable, responsive and easy to work with, making it a go-to firm for all Isle of Man legal queries.'

'Tristan Head and Tim Shepherd are practical, responsive and technically strong - Head in particular stands out for financial services M&A.'

'Stephanie Chew is a great contact - she gives thorough and timely advice, and is friendly and approachable.'

'Matthew Wilkinson is very easy to work with: no Manx problem is too difficult to be dealt with.'

Key Clients

Abu Dhabi Commercial Bank

AngloGold Ashanti

Cheyne Capital Management

JTC

Manx Telecom

National Bank of Kuwait

Nomura International

Svenska Handelsbanken

The Stars Group

Tullow Oil

Work highlights

  • Advised Lloyds Bank International on Lloyds Banking Group's bank ringfencing, including regulatory consents.
  • Advised Penmara and its beneficial owners on the sale of the company in a management buyout backed by Palatine Private Equity.
  • Advised Republic Financial Services on the Manx elements of its purchase, through its Barbadian subsidiary, of a controlling stake in Cayman National, which is listed on the Cayman Islands Stock Exchange.
  • Advised Myers Business Trust on the purchase of Gill Marine Holdings.
  • Advised Dawn Meats, an Irish supplier of beef and lamb, on a partnership with and purchase of a Northern Irish meat processor.
Leading individuals

Tristan Head - Cains

Next Generation Partners

Stephanie Chew - Cains

Rising stars

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Dispute resolution
Dispute resolution - ranked: tier 1

Cains

Cains’ market-leading offering regularly handles high-value and complex insolvency, commercial, asset tracing, fraud and trust litigation cases. Practice heads Peter Clucas and Robert Colquitt, alongside Seth Caine (now a consultant) handle some of the islands largest anti-suit injunctions and civil fraud instructions. The client roster boasts a solid list of multi-jurisdictional trust companies, financial institutions, public bodies, HNWIs and international law firms. The team saw a significant addition with former First Deemster David Doyle bringing unique experience from the bench, while associate Charles Williams is also praised by clients.

Practice head(s):Peter Clucas; Robert Colquitt

Other key lawyers:David Doyle; Jacqui Owens; Charles Williams

Testimonials

'Cains has been at the forefront of the Manx legal scene for generations and has forged a reputation for excellence and rapid turnaround times'

'A thoroughly professional, civic-minded and diligent practice'

'Phenomenally good at the law'

'A well-respected firm of Manx advocates'

'Peter Clucas has an impressive professional attitude'

'Peter Clucas is an extraordinary advocate, providing a polished performance every time and willing to take on and fight difficult cases'

'David Doyle is one of the Manx Bar's greatest ever legal minds, with a charm and wit that surprises many, making him a pleasure to deal with'

'Charles Williams and Alex Poole-Wilson represent their firm well, providing practical solutions when required on complex matters'

Key Clients

Hogan Lovells

Browne Craine

Cayman National Trust Company

SSC Group

Sochin, Nikolay – Baranov

LJ Management

Woman LLC

PricewaterhouseCoopers

Exalibur Almaz

The Financial Services Authority

Work highlights

  • Successfully obtained the Isle of Man's first anti-suit injunction on behalf of Excalibur Almaz to enforce a settlement against Japanese businessman Takafumi Horie, restraining him from pursuing a $98m fraud proceeding in Texas.
  • Instructed by PricewaterhouseCoopers to obtain a direction of the Manx Court to pay £15m interest to the creditors of Kaupthing Singer & Friedlander's 2008 liquidation.
  • Acting for Isle of Man-based entity Woman LLC in claims forwarded against it under the Fraudulent Assignments Act.
  • Approached by Hogan Lovells to assist with the registration, recognition and enforcement of substantial Russian and English High Court judgments and orders made against Sergei Pugachev.
  • Advising Browne Craine as liquidators of Global Steel Holdings in its $200m contentious insolvency.
Leading individuals

Peter Clucas - Cains

Robert Colquitt - Cains

Rising stars

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Employment
Employment - ranked: tier 2

Cains

The team at Cains handles the full range of employment issues including contract drafting and review, Equality Act compliance, high-level disputes with employees (including compromise agreements, data breaches and misconduct) and employee benefits advice arising from corporate transactions. The client list largely comprises leading international financial institutions, and the team regularly fields referral work from leading UK law firms. Commercial litigator Robert Colquitt leads on contentious matters, and associate Adam Clark has expertise on matters including data protection.

Practice head(s):Robert Colquitt; Adam Clark

Testimonials

'Very personal and efficient service with great attention to detail'

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Gambling
Gambling - ranked: tier 2

Cains

Cains' gambling division, which sits within the firm's corporate practice, handles a range of deals across the industry, including work for some of the sector's biggest names. As well as transactional matters, the firm provides regulatory advice to licensed gambling operations in the Isle of Man, while also offering expertise in areas such as employment, pensions and data protection.

Practice head(s):Scott Leonard-Morgan

Other key lawyers:Tristan Head

Key Clients

The Stars Group

Apollo Gaming Holdings

Work highlights

  • Advised The Stars Group, which owns PokerStars and Full Tilt Poker, on its purchase of Sky Bet.
  • Advised Apollo Gaming Holdings on its purchase of Gameiom Technologies.
  • Advised a video game publisher on the law surrounding 'loot boxes' in the Isle of Man.

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Insurance and pensions
Insurance and pensions - ranked: tier 1

Cains

Cains provides advice on complex corporate issues to an enviable list of multinational insurers and private banks. Jonathan Latham has particular expertise in high-value policy transfers, as well as providing advice on Manx regulations for insurance company reorganisations. Tristan Head is the name to note for establishing and restructuring captive insurance companies. The firm’s wider corporate department handles merger and acquisition transactions for insurance companies when they arise.

Practice head(s):Jonathan Latham; Tristan Head; Scott Leonard-Morgan

Work highlights

  • Advising on the Isle of Man-specific aspects of the sale of Canada Life's block of insurance policies with an asset value of $2.7m to Scottish Friendly.
  • Isle of Man counsel on the transferal of £7.5bn of insurance policies from Abbey Life Assurance Company to Phoenix Life.
Leading individuals

Jonathan Latham - Cains

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Shipping, aviation and space
Shipping, aviation and space - ranked: tier 1

Cains

Cains handles a range of work in aviation and shipping, including in the arena of repossession of trophy assets. Private aircraft and yachts are an area of expertise, but the firm also handles work regarding larger vessels. 'Great technical lawyer' Steven Quayle is the key contact, with the 'approachable and organised' Adam Clark a key associate.

Practice head(s):Steven Quayle; Mike Edwards

Other key lawyers:Adam Clark

Testimonials

'The team has excellent sector knowledge and is extremely approachable'.

'The team has great knowledge of the industry and is a pleasure to deal with - it is always very commercial and delivers quality advice without fail.'

'Steven Quayle is a pleasure to work with, and has great knowledge of the sector.'

Key Clients

RBS

BP Shipping

DNB Bank

ABN AMRO

Danish Ship Finance

Commerzbank

Investec

Work highlights

  • Acted as Isle of Man counsel to an airline on the delivery of eight Airbus A350s.
  • Advised a consortium of lenders and shareholders on the restructuring and sale of the Isle of Man Steam Packet Company to the Manx government.
  • Advised a syndicate of financiers on the sale of 21 Isle of Man registered long-range passenger transport helicopters.
  • Advised on the repossession and sale of two Gulfstream aircraft.
Leading individuals

Steven Quayle - Cains

Rising stars

Adam Clark - Cains

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Further information on Cains

Please choose from this list to view details of what we say about Cains in other jurisdictions.

Isle of Man

Offices in Douglas

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