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Cains

15-19 ATHOL STREET, DOUGLAS, IM1 1LB
Tel:
Work 01624 638300
Fax:
Fax 01624 638333
Web:
www.cains.com
Email:
Singapore, London, Douglas

What we say about the firm's legal practice in Isle of Man

Banking and finance

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

Cains is known for corporate finance, where it is ‘excellent on all counts‘. It advised DBS Bank Ltd and RBS as lead arrangers on the Isle of Man aspects of the financing of one of the largest syndicated credit facilities ever written in Singapore. Of counsel Michael Pinson is well regarded. Mike Edwards has moved to head the firm’s new Singapore office. The firm is also active in shipping and aviation finance.

Commercial

Within Commercial, Cains is a first tier firm,

Cains has been active on AIM listing work for joint ventures coming through the Isle of Man, and wins praise for its ‘robust and well-balanced advice‘. Its leading pensions practice is a core corporate offering, and clients include AIM-listed Isle of Man company Deutsche Land plc. Andrew Corlett and Richard Vanderplank are highly regarded. The firm also has a niche in space law, and recently advised Odyssey Moon Ltd.

Commercial property

Within Commercial property, Cains is a first tier firm,

Cains is active on international property transactions, and advised Mountgrange Real Estate Opportunities Fund on the acquisition of commercial property worth £36.5m. Jeremy Walton is ‘extremely professional, knowledgeable and accommodating‘.

Dispute resolution

Within Dispute resolution, Cains is a first tier firm,

At Cains, Seth Caine and Peter Clucas ‘both inspire confidence‘. The team, which attracts very strong client praise, has been boosted by the recruitment of a money laundering specialist from the Isle of Man Attorney General’s chambers. It is also acting for the provisional joint liquidators of Icelandic bank Kaupthing.

Employment

Within Employment, Cains is a second tier firm,

Cains’ clients speak of ‘prompt and clear advice‘. The firm is particularly strong on pensions.

Insurance and pensions

Within Insurance and pensions, Cains is a first tier firm,

Cains’ Ben Hughes is the leading Isle of Man expert on pensions law. He acted for the Flybe Group Ltd in relation to the establishment of an offshore retirement benefits scheme. Clients say ‘the level of service has been excellent‘.

Investment funds and capital markets

Within Investment funds and capital markets, Cains is a first tier firm,

Cains has a large chunk of the Isle of Man’s funds market, and ‘an in depth knowledge of the industry‘. Richard Vanderplank advises private institutional investment fund Delta Commercial Property, in which the Qatar Investment Authority is the principal investor.

Isle of Man Overview

Within Overview,

The leading local firms are Cains, which has just opened a new Singapore office, and Dickinson Cruickshank, which has announced its intention to merge in October 2009 with Appleby.

Private client and trusts

Within Private client and trusts, Cains is a second tier firm,

Cains handles large asset management and property portfolios, and trusts client say they ‘recommend them to anyone seeking sound business advice within a Manx law perspective‘. It is also active in advising family offices.

What we say worldwide

Please choose another Cains 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.

Foreign Firms

Isle of Man

Offices in Douglas

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Legal Developments in Isle of Man

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

  • Non-performing Loans: Federal Fiscal Court Submits Case to the ECJ regarding VAT Treatment

    GSK Stockmann & Kollegen has released an update explaining a case involving the VAT treatment of nonperforming loans that the German Federal Fiscal Court referred to the European Court of Justice.
    - GSK Gassner Stockmann & Kollegen

  • Company & Commercial - Germany

    In a series of judgments the German courts have subjected directors of UK limited companies with 'centres of main interest' (COMI) in Germany to German insolvency law. In its judgment of September 24 2009 the Berlin Higher Regional Court held that the director of an UK limited liability company whose COMI is situated in Berlin was personally liable for payments made after the company has become insolvent or overindebted, as set out in Section 64, Paragraph 2 (now Paragraph 1) of the Act on Limited Liability Companies.
    - GSK Gassner Stockmann & Kollegen

  • NEW UKRAINIAN LAW TO PROTECT PERSONAL DATA

    The Law of Ukraine “On Personal Data Protection” (“Law”) comes into effect on 1 January 2011. The Law contains a number of important provisions regarding the protection of personal data (“PD”) being processed and concerns both individuals and legal entities. The Law provides general and specific requirements to companies processing their personal databases (“PDB”).
    - Astapov Lawyers International Law Group

  • New Law on Public Private Partnership in Ukraine

    The President of Ukraine has signed the Law On Public Private Partnership (PPP Law) which was adopted by the Parliament of Ukraine on July 1, 2010. The law enters into force in three months after its official publication.
    - Astapov Lawyers International Law Group

  • Tax Litigation Rules Changed

    Within the course of ongoing judicial reform several important changes to litigation procedures in administrative courts became effective on 30 July 2010. Below we discuss impact of changes on tax litigation in administrative courts.
    - Magisters

  • Liabilities of Directors of an Investment Fund

    The current turmoil in the investment fund industry has particularly drawn the attention of professionals, including "Directors", to the liabilities they may incur in the framework of their duties as director of an investment vehicle.
    - Noble & Scheidecker

  • Limiting immigration - interim measures, exceptional consideration and Government consultation

    On 19 July 2010 the UK Border Agency (UKBA) started to implement interim limits on non-EU economic migration under tiers 1 and 2 of the points based system. UKBA states that the aim of these measures is to achieve an overall reduction of 5% in the number of applicants in these categories compared to the equivalent period last year. This interim limit will run from 19 July 2010 to 31 March 2011. In April 2011 the Government intends to be in a position to implement new immigration policies following the current consultation exercise.
    - Penningtons Solicitors LLP

  • Regulation on Pre-Notification of Mergers, Consolidations and Acquisitions in Indonesia

    Mergers, consolidations and acquisitions are three means commonly used by businesses, among other things, to expand and increase their efficiency. They can also attract the attention of competition regulators, as these types of transactions can result in an increase of concentration in the relevant market, which may eventually result in the occurrence of monopolistic practices and/or unfair business competition, as defined by the relevant laws.
    - Makarim & Taira S.

  • ENFORCEMENT OF AN INTERNATIONAL/FOREIGN ARBITRATION AWARD

    Requirements and Procedures under the Arbitration Law
    - Makarim & Taira S.

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP
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