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Appleby

33-37 ATHOL STREET, DOUGLAS, IM1 1LB, ISLE OF MAN
Tel:
Work 01624 647647
Fax:
Fax 01624 620992
Email:
Web:
www.applebyglobal.com

Isle of Man

Banking and finance
Banking and finance - ranked: tier 1

Appleby

Appleby advises banks and institutional clients on their roles as lead arrangers and lenders. Managing partner Faye Moffett and senior associate Eleanor Harding handle syndicated lending mandates, often involving non-bank lenders. The firm advises a number of debt funds, with new partner Kyle Sutherland and associate Katherine Johnson working with the firm’s Jersey office to advise Blackstone Group on a £183m acquisition finance facility to purchase Manx company 101 Logistics Limited. Simon Harding and counsel Tom Brook handle multibillion-dollar financings, sometimes with debt capital markets elements. Simon Cain and senior associate Helen Fretwell are also recommended. Other clients include HSBC, Deutsche Bank, Santander and other major British and international banks.

Leading individuals

Faye Moffett - Appleby

Next generation lawyers

Kyle Sutherland - Appleby

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Commercial property
Commercial property - ranked: tier 2

Appleby

Appleby’s Faye Moffett advised a Sports Direct Group subsidiary on the £3.75m purchase of The Strand shopping centre. Other mandates relate to retail, agriculture and other assets, with newly-elected partner Juan Thornley a name of note for locally significant retail deals. In the real estate finance space, Moffett advised Royal Bank of Scotland International on financing the sale of Fort Anne. Other clients include Pokerstars, Lloyds Pharmacy, Isle of Man Bank and St John’s Ambulance.

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Corporate and commercial
Corporate and commercial - ranked: tier 1

Appleby

Appleby provides ‘very good service – fast and efficient responses with a helpful and constructive attitude’. The firm is frequently instructed in deals with multiple offshore jurisdictions involved and has particular strength in online gambling-related work; Kyle Sutherland and Clare Milne, who has intellectual property and gambling law expertise, advised SBTech on its re-domiciliation from Gibraltar to the Isle of Man. Other mandates in 2016 include Simon Harding, Simon Cain and senior associate Helen Fretwell’s advice to affiliates of a Blackstone private equity fund on the purchase of the BioMed group for a reported $8bn. Faye Moffett assisted RL360° with its purchase of licensed investment platform Ardan International from Rowan Dartington. Andrew Harding, who was elected to the partnership in April 2017, advised Advent International Corporation on the Manx law aspects of its purchase of a majority stake in V.Group, which owns ship manager V.Ships, from OMERS Private Equity. The firm also acts for Barclays.

Leading individuals

Simon Cain - Appleby

Next generation lawyers

Andrew Harding - Appleby

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Dispute resolution
Dispute resolution - ranked: tier 1

Appleby

Appleby is ‘a standout litigation firm on the island, and the only one with a wider international network’. The firm handles a range of disputes, such as professional regulatory matters, and commercial and trusts litigation, including ones where allegations of fraud are involved. Christopher Cope is a ‘superb strategist, with one eye on the deemster and what they will think of the submissions’. ‘Extremely bright, appropriately cautious and a smooth advocate’, Cope acted alongside senior associate Claire Collister for a number of creditors seeking to enforce a judgment from Nevada and set aside an allegedly fraudulent transfer of $30m to a Manx company from a Vincentian trust. Mark Holligon is ‘a great litigator and an accomplished advocate, with an instinctive grasp of the commercial drivers behind a case’; he heads the firm’s global restructuring and insolvency practice, and also has civil fraud expertise. Charles Davies has a strong professional regulation practice, and recently acted for the Isle of Man’s Financial Services Authority in director disqualification proceedings concerning those involved in the Louis Group collapse. He also advised the Lieutenant Governor on disciplinary proceedings against the Isle of Man’s former Attorney General. Caren Pegg’s work ranges from employment litigation to sensitive proceeds of crime matters. Other clients include Douglas Borough Council.

Leading individuals

Charles Davies - Appleby

Christopher Cope - Appleby

Mark Holligon - Appleby

Next generation lawyers

Claire Collister - Appleby

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Employment
Employment - ranked: tier 1

Appleby

Appleby’s Caren Pegg advises well-known financial services companies on internal investigations and sensitive executive exits, as well as handling various tribunal cases. She successfully defended Swagelok in an unfair dismissal case and, with associate Mark Emery, is representing RL360° in a case concerning a compromise agreement invoving complicating factors concerning disclosure. Other clients include Old Mutual, Grant Thornton, Estera Trust, St Christopher’s Fellowship – for which Emerey was victorious in an employment tribunal case concerning an alleged redundancy – and Isle of Man Creameries, which Pegg advises on non-contentious matters. Rachel Berry is now at Keystone Law.

Leading individuals

Caren Pegg - Appleby

Next generation lawyers

Mark Emery - Appleby

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Insurance and pensions
Insurance and pensions - ranked: tier 1

Appleby

Appleby handles various acquisition and business transfer matters. Simon Harding advised Zurich on transferring the Zurich International Life Portfolio Bond to LCL International Life Assurance Company, while newly promoted partner Andrew Harding advised Thomas Miller on the purchase of Castletown Insurance Services. Pensions highlights include Caren Pegg, acting alongside contingents from the firm’s Channel Island offices, advising on the pension aspects of Barclays’ reorganisation of business from Barclays Private Clients International to Barclays Bank plc. Faye Moffett advised life insurer RL360° on its purchase of investment platform Ardan International.

Leading individuals

Simon Harding - Appleby

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Investment funds and capital markets
Investment funds and capital markets - ranked: tier 1

Appleby

Appleby handles a range of matters including manager M&A, fund formations, restructurings and wind-downs. New partner Andrew Harding and associate Katherine Johnson advised Montreux Healthcare Fund on a restructuring. Andrew Harding and Simon Harding advised Dandara on the creation of six unit trusts aiming to develop residential property in northern England. Other clients include Peel Holdings and the CFB Convertibles Fund.

Leading individuals

Simon Harding - Appleby

Next generation lawyers

Andrew Harding - Appleby

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

Appleby

Appleby has ‘a strong reputation in the island, and deservedly so’, providing ‘excellent service from very experienced advocates’ to trust companies such as Estera Trust, Zedra Trust and Old Mutual International Trust Company. David Pytches – a counsel qualified in the Cayman Islands and England – is ‘very knowledgeable and keen to find the most appropriate outcomes from the clients’ circumstances’. Particularly strong at cross-border work, the firm handles work concerning Manx foundations, court applications for trust variations, trust restructuring and regulatory challenges faced by trust companies, among other matters.

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

Appleby

Appleby handles finance, leasing and registration matters regarding air and sea. Simon Cain and Faye Moffett advise ship finance lenders on multi-vessel deals and shipping company mergers. In the aviation space, Cain, counsel Andrew Webb and associate Alexandra Watterson advised Oisin Aviation on its role as general partner in a partnership to own and lease a Manx-registered Beechcraft Super King Air, while Moffett advised Elix Aviation Capital advised a lessor on registering three mortgaged turboprop aircraft on the Isle of Man Aircraft Registry.

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