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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

For banking and finance work, Appleby ‘is the go-to firm on the Isle of Man’. Managing partner Faye Moffett is ‘a pleasure to work with’ and known for her ‘great people skills’; she recently led on a number of financing transactions in the real estate sector. Kyle Sutherland, who ‘gets the job done and resolves problems effectively’, acted on the lender side of several property development and corporate acquisitions. Also notable are counsel Tom Brook  and Andrew Harding, who provided Isle of Man law advice to an international financial group with regard to a revolving credit facility.

Leading individuals

Faye Moffett - Appleby

Next generation lawyers

Kyle Sutherland - Appleby

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Commercial property
Commercial property - ranked: tier 2

Appleby

Clients recommend Appleby for its ‘ability to turn things around quickly and without fuss’ for corporate entities and financial institutions in the purchase, sale and leasing of commercial property on the island. ‘Always approachable’ associate Alexandra Dernie assisted practice head Faye Moffett with the acquisition of the entire issued share capital of a local company which held a number of care homes in the UK on behalf of a holding entity. On the financial side, counsel Tom Brook was part of the team acting for a major bank in its loan to a foreign fund in the context of a high-value, high-profile property acquisition in Douglas. Also notable is Claire Milne, who assisted a local bank with the assignment of a long-term lease for its premises as part of its winding-down proceedings and exit from the market.

Next generation lawyers

Alexandra Dernie - Appleby

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Corporate and commercial
Corporate and commercial - ranked: tier 1

Appleby

Known for its ‘excellent service throughout’, Appleby’s corporate team stays ‘at the top of the game’ by combining ‘quick response times and in-depth industry knowledge’. In recent highlights, the firm led the advice to Blackstone and CVC on the proposed acquisition of Paysafe via a scheme of arrangement, and Kyle Sutherland was part of the team which assisted NEPI Rockcastle with a guaranteed medium term note programme and the first issue of notes. The firm also handles corporate governance issues, as shown by Simon Harding’s advice to a shareholder of an oil and gas company with regard to board alterations. Juan Thornley and investment funds expert Andrew Harding were promoted to partner, and Simon Cain retired from the firm. The ‘particularly helpful and proactive’ Claire Milne is also noted, alongside counsel Tom Brook.

Leading individuals

Andrew Harding - Appleby

Next generation lawyers

Claire Milne - Appleby

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Dispute resolution
Dispute resolution - ranked: tier 1

Appleby

Appleby has a ‘great team and covers all of its bases’; one client describes the practice as ‘first-class in the field of dispute resolutionand the leading firm on the Isle of Man’. A number of IOTA entities engaged the firm to handle their ongoing claim against Las Vegas real estate developer Rex Lewis pertaining to his alleged transfer of assets to the island to avoid creditors’ claims in the context of the collapse of his business. Christopher Cope and ‘super advocate’ Caren Pegg led the advice to members of an ultra-high-net-worth family with regard to a substantial personal insolvency case, and practice head Mark Holligon ‘is extremely good in the fields of freezing injunctions and insolvency’. A group led by Charles Davies is currently acting for the Financial Services Authority (FSA) in a director’s disqualification application arising from the winding-down of the Louis Group. Also notable are senior associate Claire Corkish (née Collister) and associate Erin Trimble-Cregeen.

Leading individuals

Charles Davies - Appleby

Christopher Cope - Appleby

Mark Holligon - Appleby

Next generation lawyers

Claire Corkish (née Collister) - Appleby

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Employment
Employment - ranked: tier 1

Appleby

The ‘outstanding’ Caren Pegg spearheads Appleby's employment practice and ‘has firmly established herself as one of the very best advocates on the Isle of Man’. Supported by associate Mark Emery, she advises clients on complex and sensitive executive exits as well as a variety of issues pertaining to immigration, data protection and restructurings. On the contentious side, RL360 engaged the group to defend it against two tribunal claims, and Charles Davies acted for the Attorney General’s Chambers in a substantial claim filed by a former employee relating to allegations of loss of pension rights and breach of trust, among others. Other noteworthy clients include Microgaming, Old Mutual and the Isle of Man government.

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 recently led the advice to an international insurer on the redomiciliation of its captive insurance company from the Isle of Man to Bermuda and its subsequent merger with an already-established Bermuda entity. Alongside counsels Michelle Brook and Tom Brook,  Andrew Harding assisted a leading offshore insurance company with a secured loan to a number of its business intermediaries, while Christopher Cope undertook the sale of a major UK bank’s life insurance business in the Isle of Man. Also notable is the firm’s work in the corporate restructuring space, where Juan Thornley and Kyle Sutherland oversaw changes to group pension schemes and regulatory issues. The Isle of Man insurance team is led by corporate expert Simon Harding, who has a strong track record in corporate transactions and financial services regulations. Notable clients include Lloyds and Zurich.

Leading individuals

Simon Harding - Appleby

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

Appleby

Clients recommend Appleby’s counsel Tom Brook, who recently teamed up with Kyle Sutherland to oversee several listings on the London Stock Exchange (LSE), such as the listing of Eddie Stobart Logistics on AIM on behalf of Greenwhitestar, an existing investor. Faye Moffett acted for a venture capital firm in its share restructuring, including buy-backs, the issuing of new share classes and increasing its authorised capital capacity; a housing group also engaged her to handle its acquisition of shares in an Isle of Man company. Also notable are Andrew Harding and practice head Simon Harding.

Leading individuals

Simon Harding - Appleby

Next generation lawyers

Andrew Harding - Appleby

Tom Brook - Appleby

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

Appleby

Clients find Appleby ‘very thorough in its advice yet very practical in its approach, showing a real understanding of the commercial realities trustees face'. The team continues to act as sole Isle of Man counsel to the trustee of a succession planning structure for an international ultra-high-net-worth individual, and a number of household names appointed the group to oversee the formation of 28 new foundations on the island as part of a long-term restructuring project to avoid new account-filing regulations in their home jurisdiction. The ‘very pragmatic and sensible’ David Pytches leads the outfit and recently advised a professional services provider on the implications of reporting obligations in the UK, specifically with regard to duties of confidentiality under Manx law and the cross-over between Manx and UK law. Other notable contacts include Charles Davies, Mark Holligon, and associate Erin Trimble-Cregeen.

Leading individuals

David Pytches - Appleby

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

Appleby

Appleby has a strong record advising clients on loan agreements and security documents, leasing issues, and the sale and acquisition of vessels. A team led by practice head Faye Moffett and including counsel Andrew Webb and associate Alexandra Dernie recently acted for a major global bank on the financing of the purchase of an Isle of Man-registered aircraft; counsel Robyn Wood assisted a bank with the ship security and registry issues arising from its merger with a number of its subsidiaries. Notable clients include BNP Paribas, ALM Jet and Bank of Ireland. Senior associate Eleanor Harding is a key name to note within the team.

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