Banking, finance and capital markets in Isle Of Man


With a client base consisting of banking giants, Appleby is regularly instructed on high-value and multinational deals, primarily owing to its sizable team and international network. Managing partner Faye Moffett leads the team and is highly-skilled in real estate and asset financing, including ships and aircraft. Kyle Sutherland, who is also a part of the firm's European BVI law offering, is notably strong in property finance. Also recommended is the newly-promoted partner Tom Brook who has expertise in both debt and equity capital markets, and Simon Harding , who is a key name in the practice for capital markets work. Clients also praise associate Mary-Louise Buxton.

Practice head(s):

Faye Moffett


Tom Brook is approachable, knowledgeable, technically adept and always focused on providing the right advice in a commercial context – he is particularly good at anticipating the needs of client and all stakeholders on a transaction; he always gets us to a timely and sensible conclusion which works for all parties.’

‘Associate Mary-Louise Buxton is very switched on, helpful and responsive.’

Key clients


Industrial and Commercial Bank of China

Lloyds Bank

Allied Irish Bank


Oaknorth Bank

JP Morgan

Aviva Real Estate Finance

Santander UK Plc

Work highlights

  • Acted for JPMorgan Chase as its Isle of Man counsel in connection with  the amendment and restatement of an existing credit facility with the Telesat group.
  • Acted on the borrower side in connection with a bridging loan finance provided to Infrastructure India PLC.
  • Advised Playtech in connection with its recent issuance of €350 million  worth of notes.


For some, Cains is the 'leading banking practice in the Isle of Man' with  standout capabilities in real estate finance, acquisition finance and debt capital markets. Practice head Tim Shepherd is highly skilled in the aforementioned areas and is very strong in multi-jurisdictional matters having previously worked in London and Bermuda. Members from the corporate team such as Tristan Head and Scott Leonard-Morgan are also highly active in corporate finance mandates. The 'excellent' Stephanie Chew is another key name for corporate finance and is also highly active in acquisition and real estate finance. Senior consultant Richard Vanderplank and consultant Catherine Hamill are also highly recommended.  The 'commercially-minded' associate Kirsten Middleton is a recent arrival from DQ.

Practice head(s):

Tim Shepherd


‘Cains are really efficient when instructed and extremely responsive to enquiries. Their strengths are their people who are extremely reliable – you never have to chase them to get anything done so you can trust them to get the job done when instructed.’

‘Matthew Quinn is one of the best due to always being available to speak to when you pick up the phone, he is very efficient at turning documents round to deadlines  He’s a trusted pair of hands – you don’t need to chase him up for things and he is very knowledgeable about Isle of Man legal aspects of UK transactions.’

‘Steven Quayle and Kirsten Middleton are responsive, concise and commercial minded. “Incredibly professional, commercial and approachable. The firm are proactive and have transformed not only their image but also their outlook.’

‘Mike Edwards is a diligent, thoughtful and expert practitioner as well as being approachable, proactive and helpful.’

‘Stephanie Chew is an excellent lawyer. She is very professional and very easy to deal with. Stephanie is able to deal with complex issues in a simple and effective way. She is extremely good at finding elegant solutions.’

‘They have a very commercial and collegiate approach and will always go the extra mile to ensure that matters are completed on time and consistently demonstrate a very strong understanding of the relevant law and its practical application to the transaction. ‘

‘Andrew Baker and Stephanie Chew were particularly helpful on the main interaction I had with Cains last year, both of them being very approachable, accessible and helpful. Cains take a pragmatic approach to issues, are very responsive and willing to take ownership of issues and offer up solutions rather than doing just the minimum asked of them.’

‘Tristan Head is very solid: his  manner is always second to none nothing is ever too big nor too small, easy nor difficult.’

‘Tim Shepherd and Scott Leonard-Morgan. Both individuals are highly professional and over time we have been able to create a good reliable relationship. I know that every request we send to these individuals, will be dealt with as quickly and diligently as possible.’

Key clients

Abu Dhabi Commercial Bank PJSC

AIG Asset Management (Europe) Limited

Allied Irish Banks Plc

AngloGold Ashanti Holdings plc

ANZ Bank (Vietnam) Limited

Aviva Commercial Finance Limited

Banco BPI SA

Banco Santander, S.A.

Bendura Bank

BNP Paribas

Brydg Capital

Cathay Pacific Aircraft Services Limited

Cedar Valley Bank

Champneys Health Spa Group

Chenavari Financial Group Ltd

Cheyne Capital Management



Danske Bank

Downtown Music Holdings Limited

Emirates NBD Bank PJSC

Eros International Plc

Europe Arab Bank plc

Falco Capital Partners

First Names Group Limited

First Round Bank

Four Seasons Health Care

Heron and Brearley

JTC Group Holdings Limited

Kings Park Limited


Lamprell plc

Levine Leichtman Capital Partners



Manx Telecom

Melford Capital

Myers Business Trust

National Bank of Kuwait

Nedbank Private Wealth Limited

Nomura International plc

Norwegian Cruise Line

Office Space in Town

QIB (UK) plc

Republic Financial Holdings Limited

Standard Life Investments Limited

Svenska Handelsbanken

AB (publ)

Svenska Petroleum Exploration

The Law Debenture Trust Corporation p.l.c.

The Prudential Insurance Company of America

The Stars Group

Tullow Oil PLC

Urban Exposure Plc

Work highlights

  • Acting for Citibank as one of the lenders in a $1bn global restructuring of the Syncreon Group.
  • Advising on the Isle of Man law aspects of an issue of $1bn of senior notes, a term loan worth $400m and a revolving credit facility agreement worth $1.2bn in relation to the financing of Resorts World’s Las Vegas gaming resort.
  • Acted for Orion Resource Partners (USA) LP and the TMF Group in connection with a $25m royalty transaction with Horizonte Minerals.


DQ has strengthened its team with the arrival of its new practice head Andrew Harding, who returned to the island from Appleby in Guernsey and is particularly strong in secured financing. Former practice head and current firm managing partner Mark Dougherty continues to advise on asset and ship financing transactions. Another key name is senior associate Adam Killip, who is very active in advising on the island's fintech and blockchain sectors.

Practice head(s):

Andrew Harding

Other key lawyers:

Mark Dougherty; Adam Killip


‘Andrew Harding is responsive, commercial and very bright. He is a trusted corporate adviser and has a strong expertise in investment funds.’

‘Adam Killip is very easy to deal with, extremely knowledgeable and always under-promises and over-delivers.’

Key clients

Lloyds Bank Corporate Markets

Crédit Agricole Corporate and Investment Bank

Santander Corporate & Commercial Banking

GVC Holdings plc

Deutsche Bank

Aktiengesellschaft Filiale Deutschlandgeschäft

Norddeutsche Landesbank Girozentrale

Sumitomo Mitsui Trust Bank Limited

HSH Nordbank AG

Societe Generale


Nomura International

Bank of Ireland

Irish Permanent International


DNB Bank ASA 10

Citibank N.A., London Branch


Credit Suisse


UniCredit Bank AG

Ulster Bank

Union Bancaire Privée,


Floreat Group

Dandara Group

Together Commercial


Castlehaven Property

Finance Ireland

Oakmount Property Group

Work highlights

  • Advising in connection with a restructuring involving the cancellation of loan notes listed on TISE by GVC Holdings (UK) Limited.
  • Acting for Lloyds Banking Group in relation to the financing of the purchase of the Premier Inn Hotel Suite, Market Street, Douglas

Keystone Law

Keystone Law has distinguished itself in the market due its strong focus on real estate finance. Sally Cranshaw and Geoff Kermeen act for lenders, developers and investors in deals concerning trophy properties in the United Kingdom in the office, retail and logistics spaces. William Margot is also active in this space as well as asset finance and Hazel Dawson contributes capital markets expertise.


‘The team is knowledgeable, responsive, flexible and easy to work with.’

‘We have used Sally Cranshaw for more than a decade and always had excellent service. ‘

‘Approachable, pragmatic and get the job done.’

‘Will Margot is very responsive, he seems to pick up emails no matter what time of day. He is practical and pragmatic.’

Key clients

Clearbell Capital LLP

Melford Capital Partners LLP

Greenridge Investment Management Limited

IQ-EQ (Isle of Man) Limited

Henley Investments Group

Laxfield LLP

Lloyds Bank PLC

The Royal Bank of Scotland Group

TMF Trustee Limited

ING Bank N.V., London Branch

Work highlights

  • Advised Clearbell Capital on the Manx elements of its acquisition of a BVI company which owned 65 Kingsway, London.
  • Advised RBS on the £17m loan facility made available by Coutts to an Isle of Man borrower SPV in connection with the development of a development of 121 serviced apartments in London.
  • Advising TMF Trustee Limited in respect of a major senior secured notes offering by international satellite operator Telesat Canada.


Simcocks is adept in acting as Manx counsel on finance deals, acting for major corporates and banks, often leveraging strong relations with UK law firms. Alex Spencer has broad expertise in banking and finance transactions and is also active in regulatory work. Corporate partner Irini Newby is often involved in banking and finance matters as well.

Practice head(s):

Alex Spencer

Other key lawyers:

Irini Newby