Banking, finance and capital markets in Isle Of Man


Appleby is distinguished through its sizeable seven-director team and network of offices across the Channel Islands and BVI. The team advises on the biggest transactions in the market, with a penchant for financing assets such as property, aircraft and shipping vessels. Capital markets transactions are another area of strength, with the team's expertise spanning both debt and equity issuances. It advises companies listed on the London, European and Johannesburg stock exchanges. Managing partner Faye Moffett leads the team, which includes Kyle SutherlandSimon Harding and Tom Brook. Also recommended is senior associate Eleanor Harding, who focuses on property and aircraft financing.

Practice head(s):

Faye Moffett

Other key lawyers:

Kyle Sutherland; Tom Brook; Simon Harding; Eleanor Harding


‘Prompt efficient service.’

‘Responsive, personable and efficient. Good relationship with lawyers on the other side ensure a smoother transaction and issues resolved swiftly.’

‘Extremely friendly and approachable. No qualms about picking up the phone to chat through any issues – of which Appleby will most likely have a solution.’

‘A proactive and collaborative team always willing to help and assist.’

‘Very knowledgeable, helpful and honest.’

Key clients

Investec (Channel Islands)

NEPI Rockcastle Plc


Douglas Bay Property Limited

The Blackstone Group International

Work highlights

  • Advised seven local high street banks on the Isle of Man Disruption Loan Guarantee Agreement for assisting companies during Covid 19.
  • Advised JSE-listed NEPI Rockcastle on the update of its €3bn medium term note programme.
  • Advised Kape Technologies Plc on its placing to raise $100m.


Cains has a six-director team, which enables it to cover a wide range of bank financings and capital markets transactions, as well as restructurings. Tim Shepherd, who leads the practice, is an expert in corporate and property finance. He is also well placed to handle cross-border issues, having previously practised in London and Bermuda. Shipping and aviation finance is another cornerstone of the practice, with clients being able to count on the expertise of Mike Edwards and Steven Quayle. Corporate partners Scott Leonard-Morgan and Tristan Head are both highly skilled in corporate financing. Stephanie Chew, who is an expert in real estate finance, is another key individual. Matthew Quinn joined the Isle of Man Financial Services Authority. Richard Vanderplank and Andrew Baker retired in 2020.

Practice head(s):

Tim Shepherd

Other key lawyers:

Mike Edwards; Steven Quayle; Scott Leonard-Morgan; Tristan Head; Stephanie Chew; Matthew Wilkinson; Catherine Hamill; Kirsten Middleton


‘Very responsive, technically skilled and clear on what is required.’

‘Great knowledge of the shipping finance market and very easy to work with.’

‘Cains compares very favourably against other Isle of Man firms because of its commercial approach and excellent resourcing.’

‘Stephanie Chew is a real asset to any transaction which involves Isle of Man law. She takes a pragmatic and commercial approach whilst being as helpful as possible. ’

‘The team is prompt and efficient with everything they do. They think ahead to what the issues will be in a transaction and take proactive action.’

‘Clear and efficient communicators who were able to work to the timetable of the ongoing transaction.’

‘Steven Quayle is great to work with. He has brilliant technical knowledge but delivers it in a commercial way and offers practical solutions. He delivers work on time (and often under pressure to comply with tight timeframes) and is very dependable and personable.’

Key clients

Bank of Ireland

Bank of Scotland

Barclays Bank PLC

Citibank, N.A


Investec Bank PLC

Lloyds Bank Plc

The Royal Bank of Canada

The Royal Bank of Scotland

The Standard Bank of South Africa Limited

Work highlights

  • Advising AngloGold Ashanti Holdings plc on its entry into of a syndicated loan agreement with, inter alios, The Bank of Nova Scotia as agent.
  • Advising Santander UK on a €317m term and multicurrency revolving credit facility agreement extended to the Playtech group,
  • Acting for ECE on the financing for its acquisition (from property developer Dandara) of over 2,000 build-to-rent homes located at sites in Birmingham, Manchester and Leeds.


DQ demonstrates a high level of expertise in corporate lending, ship finance and property finance transactions, as well as debt restructurings. Andrew Harding, who heads up the team, is a former chairman of the Isle of Man Wealth & Fund Services Association. His recent workload has involved advising on secured financing and distressed debt transactions. Managing partner Mark Dougherty is an expert in asset and ship-related financings. Ship finance is also a specialism of associate director Donna Matthews. Senior associate Adam Killip 'stands out for his knowledge and experience'.

Practice head(s):

Andrew Harding

Other key lawyers:

Mark Dougherty; Donna Matthews; Adam Killip


‘Very responsive, helpful and knowledgeable. ’

‘Adam Killip stands out for his knowledge and experience.’

‘A small but well coordinated team of corporate lawyers.’

‘Mark Dougherty is very responsive.’

Key clients

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

TowerBrook Capital Partners


Citibank N.A., London Branch


Credit Suisse

UniCredit Bank AG

Ulster Bank

Union Bancaire Privée, UBP SA

Floreat Group

Dandara Group

Work highlights

  • Advising TowerBrook Capital Partners on the acquisition of distressed debt and subsequent debt restructuring for the acquisition of the CarTrawler Group from BC Partners.
  • Advising Entain in connection with a restructuring involving the cancellation of loan notes listed on The International Stock Exchange (TISE) by GVC Holdings (UK) Limited.

Keystone Law

Keystone Law's team includes Geoff Kermeen, who advises banks, alternative lenders and borrowers on real estate and asset finance transactions, and he also advises Isle of Man regulated banks on regulatory issues. Sally Cranshaw is another key name for real estate finance advice. Stephen Rodd, Hazel Dawson and William Margot are also recommended.

Other key lawyers:

Geoff Kermeen; Sally Cranshaw; Stephen Rodd; Hazel Dawson; William Margot


‘Geoff Kermeen is excellent, available, practical, never the part of a transaction that you have to worry about!’

‘Excellent turnaround times and knowledge of sector.’

‘Keystone helped guide us through the process with confidence at every step and made sure we were able to hit some very testing deadlines.’

‘Hazel made me feel that no question was too trivial and was an integral part of the success of our public listing. We really couldn’t have done it without her.’

‘Working with Sally within Keystone has to date has been a faultless experience. Sally is very prompt to react, turns the required work around in a very timely manner and her attention to detail is fantastic.’

Work highlights

  • Advised AIB on a facility of €11m to a newly incorporated Irish company called Golden Bake Holdings Limited.
  • Provided Isle of Man transactional assistance in respect of several real estate finance transactions for ICG Alternative Investments.
  • Advised GreenOak Real Estate  on a £10m loan facility made available to an Isle of Man borrower company on the acquisition of 92 Dean Street, Soho, London.


Simcocks, which acts as Manx counsel with Magic Circle and prominent UK law firms, has a varied workload that covers asset and acquisition finance, as well as asset securitisation and project development. Alex Spencer, who leads the team, counts major UK and European banks as key clients. He is supported by David Spencer, who is an expert in general banking, ship finance and insurance. Irini Newby is highly skilled in corporate finance.

Practice head(s):

Alex Spencer

Other key lawyers:

David Spencer; Irini Newby


‘We have used Simcocks on a number of transactions over the last few years and they know what we need and produce everything on time and to a great standard – we know that once we instruct them they will make sure that their part of the transaction will get done, and on time.’

‘Alex Spencer is the director that we work with on all our deals. He ensures that everything happens when it needs to and when any issues have arisen he is able to make sure that they are resolved quickly and do not hold up the deal.’

‘Simcocks Advocates are a highly professional legal practice – knowledgeable, adaptable, collaborative and commercial. Able and willing to work with their customers, understand the issues and provide the best advice and outcome.’

‘Alex Spencer – Incredibly knowledgeable and responsive, first port of call for all our commercial and corporate matters. Absolute pleasure to work with and will go that extra mile to deliver a service that is second to none.

‘They will go an extra mile and make sure that you feel looked after very well. ’

‘Alex Spencer knows what he is doing and has your back.’

‘A really helpful team which digs into the detail of a transaction while giving really practical, commercial advice.’