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DQ

THE CHAMBERS, 5 MOUNT PLEASANT, DOUGLAS, IM1 2PU, ISLE OF MAN
Tel:
Work 01624 626999
Fax:
Fax 01624 626111
Email:
Web:
www.dq.im

Isle of Man

Banking and finance
Banking and finance - ranked: tier 2

DQ

DQ ‘is always quick to respond with close involvement from partners on all matters’ and represents an enviable list of heavyweight clients such as Santander, Lloyds and Standard Bank. In recent highlights, the group was appointed by Credit Agricole and Sumitomo Mitsui to oversee their Sea Bridge joint venture, which was set up to invest up to $1bn in senior secured ship mortgage loans. Mark Dougherty represented Permanent Bank in its withdrawal from the Isle of Man and the winding down of its local branch, while Stephen Dougherty assisted an investment manager with its acquisition, refinancing and potential administration of an Isle of Man trading structure. On the contractual front, senior associate Hazel Dawson reviewed licensing, standard lending and security documentation requirements.

Next generation lawyers

Hazel Dawson - DQ

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Corporate and commercial
Corporate and commercial - ranked: tier 2

DQ

DQ ‘is one of the most responsive and commercially minded firms on the island’, according to one client, and continues to act as sole Isle of Man counsel to GVC, which appointed the corporate team to oversee a number of transactions, including its £4bn acquisition of Ladbrokes Coral. Associate Adam Killip ‘is able to understand commercial requirements and provide appropriate solutions in an understandable way’; he recently led the advice to an international oil and gas company with regard to the merger of two group companies to facilitate the absorption of a dormant subsidiary into the active group company. Practice head Stephen Dougherty ‘is a good guy who is able to cut through the flannel of others to get to the nub of a problem’ and is also a key contact, alongside managing director Mark Dougherty , director Donna Matthews and senior associate Hazel Dawson. 

Leading individuals
Next generation lawyers

Donna Matthews - DQ

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Dispute resolution
Dispute resolution - ranked: tier 2

DQ

DQ’s Leanne McKeown ‘is by far the best employment lawyer on the island’, according to one client; ‘very bright young lawyer’ Adam Killip is also recommended. A team led by newly appointed senior associate Tara Cubbon and ‘calm, unflappable’ practice head Giles Hill is currently representing the new court-appointed liquidator of the Louis Group in appeals contesting said appointment, and McKeown is defending the insurer of a construction company with regard to a number of claims arising from an accident on a building site which has left an individual with serious injuries. On the trusts front, associate Jessica McManus continued to advise the trustee of the Pomfrett trust on issues arising from a confiscation order for around £3m against the settlor and a restraining order against the trust’s assets filed by the CPS.

Leading individuals

Giles Hill - DQ

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Employment
Employment - ranked: tier 1

DQ

DQ’s Leanne McKeown ‘is by far the best employment lawyer on the Isle of Man’, according to one client; ‘very strong courtroom advocate’ Tara Cubbon was recently promoted to senior associate. The pair recently acted for the Manx Industrial Relations Service (MIRS) as an intervenor in an appeal by RL360 against a tribunal decision. Associate Jessica McManus is also a key contact in the practice and is currently supporting McKeown to guide a major UK bank through the employment aspects – particularly in relation to pension issues – of its restructuring as part of its ring-fencing exercise. Clients also engage the practice to oversee contract and policy reviews, regulatory issues and senior executive terminations.

Leading individuals

Leanne McKeown - DQ

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Insurance and pensions
Insurance and pensions - ranked: tier 2

DQ

Annemarie Hughes is one of the senior names to note in DQ’s insurance and pensions offering. She recently led the advice to clients on the administration of pension plans regarding enhanced transfer benefits, the appointment of new trustees and regulatory obligations. Also notable are senior associate Hazel Dawson and head of regulatory and compliance services Sinead O’Connor. Key clients include Allied Irish Bank, LCL Group and RL360.

Leading individuals

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Investment funds and capital markets
Investment funds and capital markets - ranked: tier 2

DQ

Mark Dougherty sits at the helm of DQ’s investment funds and capital markets offering, which also includes senior associate Hazel Dawson and associate Adam Killip. In a recent highlight, the team acted as sole Isle of Man counsel to GVC Holdings with regard to its £4bn acquisition of Ladbrokes Coral, which involved significant share transfer issues; Dawson also led the advice to a real estate investment company in relation to its acquisition of a controlling share in an Isle of Man closed-ended investment fund with a significant German property portfolio, as well as its subsequent reorganisation. Clients also appointed the group to oversee constitutional amendments, Toronto Stock Exchange listing requirements and tender offers to shareholders in the context of the winding-up of a fund.

Next generation lawyers

Hazel Dawson - DQ

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Private client, trusts and tax
Private client, trusts and tax - ranked: tier 2

DQ

Known for its ‘first-class level of service and sound and quick advice’, DQ’s dedicated private client and trust team acts for clients such as Equiom, Zedra and First Names Group in the full gamut of advisory and contentious mandates. ‘Very approachable’ practice head Annemarie Hughes has ‘great knowledge of local charity law’ and is currently advising the trustee of three complex structures on the drafting of a special power of appointment and deed to amend the perpetuity period of each trust. Further highlights included overseeing trustees’ responses to tax information exchange agreement requests by UK and other international tax authorities, handling the transfer of properties from one structure to another, and drafting a deed of indemnity and release of covenant on the transfer of funds. On the contentious side, senior associate Tara Cubbon has a strong track record acting for banking institutions, corporates, liquidators and trust companies in complex litigation. Associate director Donna Matthews specialises in non-contentious matters, and Sinead O’Connor spearheads the firm’s regulatory and compliance sub-unit.

Leading individuals
Next generation lawyers

Tara Cubbon - DQ

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

DQ

Clients such as Ryanair, Bank of America and Seven Mile Shipping retain DQ’s ‘helpful and prompt’ team to advise on a wide range of mandates. On the aviation side, clients recommend corporate and commercial practice head Stephen Dougherty for his ‘detailed knowledge of the Isle of Man legislation’ and ‘genuine desire to help clients’. Among his recent highlights feature a number of aircraft and helicopter acquisitions. For shipping work, clients can rely on managing partner Mark Dougherty, who is currently assisting Credit Agricole and Sumitomo Mitsui with its Sea Bridge joint venture, which is designed to invest up to $1bn in senior secure ship mortgage loans. Associate director Donna Matthews is also a key contact for financing work in the context of facility restructurings and loan refinancings.

Leading individuals

Stephen Dougherty - DQ

Next generation lawyers

Donna Matthews - DQ

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Further information on DQ

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Isle of Man

Offices in Douglas

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