ISOLAS LLP > Gibraltar, Gibraltar > Firm Profile


Gibraltar > Banking and finance Tier 1

ISOLAS LLP 'stands distinct in its blend of profound expertise, client-centricity and forward-thinking innovation'. Christian Hernandez 'offers advice that is straightforward and actionable' and is the lead for corporate finance instructions, advising major banks on the refinancing and restructuring of their customers’ debts and relevant securities, as well as advising on enforcement in relation to defaulting structures. Insurance expert Christian Caetano and regulatory specialist James Montado are the other key practitioners.

Practice head(s):

Christian Hernandez; Christian Caetano; James Montado


‘The Banking & Regulatory Services Team at ISOLAS Gibraltar stands distinct in their blend of profound expertise, client-centricity, and forward-thinking innovation. Their in-depth understanding ensures clients receive effective, tailored solutions, setting them a class apart.’

‘Christian Hernandez: his accessibility stands out. He’s consistently available and fully engaged, making you feel as if your case is his top priority. Christian is also able to take a pragmatic approach to solving difficult problems. Instead of getting lost in legal jargon, he offers advice that is straightforward and actionable. Beyond these personal attributes, Christian holds a solid and esteemed position in the legal profession and is well respected by his peers. ’

Key clients

HM Government of Gibraltar

Valaris PLC

HM Government of Gibraltar

Specialist Risk Group (SRG)

Prometheus Insurance Company Limited

Kingstar UK Ltd

Work highlights

Gibraltar > Dispute resolution Tier 1

‘A beacon of excellence and innovation’, ISOLAS LLP works extensively for His Majesty’s Government of Gibraltar and other government bodies. The practice is highly respected for its work in employment and insolvency disputes and representing international cryptocurrency clients in contentious matters. Samantha Grimes acts for government authorities in litigation, disciplinary matters and employee relations issues and in Employment Tribunal claims. Mark Isola KC is another employment law expert in the department. Neil F Costastands out amongst his peers’ in commercial, constitutional and administrative cases and employment law, particularly in matters relating to non-discrimination, protected disclosures and equal opportunities. James Montado‘s practice focuses on civil litigation, contentious trusts and fraud, while Danielle Victor is the lead for clinical negligence cases.

Practice head(s):

Samantha Grimes; Mark Isola KC; James Montado; The Hon Neil Costa

Other key lawyers:


‘The team is dynamic and efficient which is crucial when requiring advice on dispute management and resolution. The deep knowledge of local legislation and quick turn around is impressive.’

‘Neil Costa has certainly proved invaluable. He is so thorough in his advice and is able to explain his advice verbally in such a way that is easy to understand. He is always able to respond to correspondence immediately, whether with a holding reply for a formal response later in the day or a full on response within the hour.’

‘The personal service at the point of need makes the practice unique; deadlines are always met and the advice and guidance is apposite devoid of “law speak” and to the point. You get a sense of organisational culture firmly grounded on teamwork. ’

‘Neil Costa stands out amongst his peers: loyalty, academic and emotional intelligence, and an inordinate capacity for hard work and resilience.’

‘I am thoroughly impressed with their professional approach, extensive knowledge, and unwavering commitment to their clients. From the outset, their lawyers showcased an unparalleled understanding of the complexities of the law, ensuring that every detail was meticulously addressed. Their expertise, coupled with their proactive communication style, ensured I was informed at every juncture. ’

‘Neil Costa consistently stands out due to this meticulous attention to detail, unparalleled understanding of the law, and unwavering commitment to representing my interests. Their proactive communication ensures I’m informed at every step, and his innate ability to simplify complex legal jargon, making the process more understandable. Neil’s dedication, combined with a genuine passion for the law, truly sets him apart.’

‘It is my personal experience of working with Neil that he is in asset to Isolas LLP and I have no hesitation whatsoever in recommending Neil to anyone who may require his services, and the extensive experience, knowledge, understanding and excellent professional and interpersonal skills he brings in abundance.’

‘ISOLAS LLP is a beacon of excellence and innovation. They consistently deliver outstanding results, and their commitment to staying ahead of the curve and embracing new advancements sets them apart, making them my go to choice.’

Key clients

Prometheus Insurance Company Limited

Kingstar UK Ltd

Mansion (Gibraltar) Ltd

Samir Investments Limited

Royal Gibraltar Police

His Majesty’s Government of Gibraltar Chief Secretary of Gibraltar and the Human Resources Manager

His Majesty’s Government of Gibraltar Director of Social Security

Work highlights

  • Advising Prometheus Insurance Company in various insolvency claims.
  • Instructed by Mansion (Gibraltar) to advise and act for it in proceedings commenced against its former director and CEO in late 2022.
  • Providing legal services to the Department of Social Security, including advising in respect of reforms to existing benefits and in respect of the legal merits of various claims.

Gibraltar > Fintech Tier 1

Led by partner Jonathan Garcia and consultant Joey Garcia, ISOLAS LLP‘s practitioners have ‘a wealth of knowledge and experience in the fintech space’. The firm continues to be involved in government-established working groups in shaping discussions and regulatory proposals for cryptocurrency, crowdfunding and DLT. Garcia and Garcia are joined by Stuart Dalmedo in assisting blockchain businesses and start-ups on the gamut of matters, from raising finance to obtaining regulatory authorisation for carrying out their business activities.

Practice head(s):

Jonathan Garcia; Joey Garcia

Other key lawyers:


‘Excellent knowledge of the Gibraltar regulatory framework. Well connected in the Gibraltar regulatory and government community. Highly responsive. Practical advice.’

‘The team is very experienced in the Fintech space, having contributed significantly to the development of the Fintech industry in Gibraltar. They are very knowledgeable of the legal and regulatory landscape applicable to Fintech businesses and have a wealth of experience in dealing with different business models and engaging with the regulator on new technologies disrupting the financial services sector. ’

‘Jonathan and Joey Garcia are stand out lawyers within the team, with a wealth of knowledge and experience in the Fintech space. They are easy to work with and provide invaluable advice to businesses wishing to set up and operate in Gibraltar. ’

Key clients

22.7 L.P.

SSW Alpha Rock Fund PCC Limited

Nexus Prime Limited

IOV Labs Limited (RSK)

Huobi Technology (Gibraltar) Co. Ltd

BTSE Holdings Limited

Bullish Global

Thalex Digital Exchange Limited


Work highlights

  • Advising 22.7 L.P. on the structuring and setting up of a cryptocurrency fund in Gibraltar to invest in a wide range of crypto and blockchain-related assets.
  • Instructed by SSW Alpha Rock Fund to create a new cell (sub-fund) which will invest in a wide range of crypto assets and instruments.
  • Assisting Nexus Prime to obtain a distributed ledger technology provider permission under the Financial Services (Distributed Ledger Technology Providers) Regulations 2020.

Gibraltar > TMT Tier 1

ISOLAS LLP is ‘thoroughly professional’ and ‘impressive for its knowledge and expertise'. Peter Isola and Christian Caetano are well-respected figures within the local gaming and gambling sectors, where they advise and work closely with government bodies on legislation, licensing and the commercial development of the sector. Jonathan Garcia is another practitioner of note in the corporate advisory, regulatory and DLT practice areas. Joey Garcia, head of the fintech team, is also noted.

Practice head(s):

Peter Isola; Steven Caetano; Jonathan Garcia

Other key lawyers:


‘Thoroughly professional throughout. Excellent inter-personal skills from a team that get things done ’

‘I find this team, along with all others within Isolas LLP to be particularly impressive for their knowledge and expertise.’

Gibraltar > Commercial, corporate and M&A Tier 2

ISOLAS LLP is regularly instructed on cross-border mergers, company re-domiciliation and insurance portfolio transfers, and has seen these transactions increase in number as part of the Brexit contingency measures of regulated firms. Besides having a strong presence in the gaming sector senior partner Peter Isola is increasingly involved in corporate governance, while Steven Caetano's practice has a strong regulatory licensing focus. Christian Caetano is active in cross-border M&A, re-domiciliation of financial services firms and insurance portfolio transfers.

Practice head(s):

Peter Isola; Steven Caetano

Other key lawyers:


‘Steven Caetano is very knowledgeable and in particular, very available and attentive to our requests.’


Key clients

Brookfield Europe (Gibraltar) Limited

Work highlights

  • Assisted Brookfield and its parent group in the successful migration/corporate redomiciliation of Brookfield Europe (Gibraltar) to Bermuda.

Gibraltar > Gambling law Tier 2

ISOLAS LLP's full-service gaming practice is ‘very aligned, responsive, agile and holds the necessary expertise for practising in Gibraltar’. The firm has a wealth of experience assisting with licensing, commercial activities, regulatory matters as well as in tax, employment, real estate and data protection. Peter Isola continues to advise the government of Gibraltar on its gaming legislation and regulations, most recently in respect of the Brexit Gaming Working Group. Steven Caetano is a ‘very knowledgeable‘ adviser to start-ups, remote gambling operators, content suppliers, affiliates and other B2B entities.

Practice head(s):

Peter Isola; Steven Caetano


‘The team is very aligned, responsive, agile and holds the necessary expertise for practising in Gibraltar. ’

‘Steven Caetano is very knowledgeable about gambling regulations in Gibraltar. Steven is very friendly, responsive, always addressed our inquiries, and communicated very well with the regulator. I would always recommend his services.’

‘The team at ISOLAS are really knowledgeable and helpful. They look after the client’s interest and are fully committed to assist in any matter. ’

Gibraltar > Investment funds Tier 2

At ISOLAS LLP, practice head Jonathan Garcia along with Joey Garcia 'bring a wealth of knowledge and experience in legal and regulatory issues'. The practice continues to be active across the full spectrum of funds structuring, establishment and regulatory issues. The firm is a favourite among foreign clients, and has recently worked with German-based liquidity provider SSW Group on the establishment of its private crypto-trading fund in Gibraltar.

Practice head(s):

Jonathan Garcia

Other key lawyers:


‘The Funds team at Isolas is highly experienced and has been at the forefront of the industry for many years, regularly advising the government on legal and regulatory developments and working closely with industry bodies to drive positive change to the way the jurisdiction approaches regulating this space.’

‘They have a deep understanding both of the legal/regulatory requirements, as well as the operational issues that fund structures/managers will need to work through in establishing / running their business from Gibraltar. ’

‘Jonathan and Joey Garcia are stand out professionals in the Gibraltar fund industry. They have held executive positions in the Gibraltar Funds & Industry Association for several years and have made a significant contribution to the development of this space locally. They bring a wealth of knowledge and experience in the legal and regulatory issues associated with setting up and managing fund structures in Gibraltar, and offer practical advice to help you focus on your business operations. ’

Key clients

22.7 L.P.

Mediterra Capital

SSW Alpha Rock Fund PCC Limited

Systema Fund PCC Limited

Work highlights

  • Assisted Mediterra Capital to become regulated with the Gibraltar Financial Services Commission as a Small Scheme Manager which will allow it to manage alternative investment funds.
  • Advising 22.7 LP on the structuring and setting up of a cryptocurrency fund in Gibraltar to invest in a wide range of crypto and blockchain-related assets.
  • Advising System Fund on the structuring and setting up of a protected cell company cryptocurrency experienced investor fund in Gibraltar with three separate compartments (cells).

Gibraltar > Private client Tier 2

Fielding 'highly skilled and competent lawyers', ISOLAS LLP excels in supporting high-net-worth individuals and their families in succession planning, wealth preservation, trusts, family office matters, relocation, property and, in particular, the benefit and act of philanthropy. Peter Isola leads the department, which includes Emma Lejeune, 'a very experienced Gibraltar operator with her finger on the legislative and regulatory pulse of the peninsula', and trusts specialist Adrian Pilcher.

Practice head(s):

Peter Isola

Other key lawyers:


‘Depth of experience in dealing with HNW clients and their structures. Well regarded by and well connected with the Gibraltar Government.’

‘Adrian Pilcher is very dedicated, responsive, thoughtful and informed.’

‘Peter Isola has the depth of experience to bring to any situation, and brings a sense of humour to the party which makes working with him and his team a pleasurable experience.’

‘Emma is a very experienced Gibraltar operator with her finger on the legislative and regulatory pulse of the peninsula.’

‘In our experience they place the client at the centre of everything they do and take the time to understand their specific needs, goals, and challenges. This personalised approach ensures that the client receives tailored legal solutions that meet their individual requirements. We found their administration and billing efficient and fair.’

‘The individuals stands out for their empathetic approach. They have an ability to connect with clients on a personal level, understanding not only their legal needs but also the emotional aspects of their cases. The client feels heard, supported, and valued. Their ability to handle a wide range of legal matters, from research and analysis to client communication is invaluable. ’

‘A top tier and leading law firm that tends to stand out due to its unwavering commitment to client satisfaction, innovative approaches and its ability to handle complex legal matters with precision and agility. Based on my experience, ISOLAS have a team of highly skilled and competent lawyers who excel in specific practice areas providing deep industry knowledge. They meet client needs by providing personalised attention, prompt communication, and tailored legal solutions to get the job done and setting great standards for excellence. ’

‘Adrian Pilcher is very much our go to in the first instance. In-depth knowledge and expertise complemented by being approachable, communicative and willing to go the extra mile.’

Gibraltar > Real estate and construction Tier 2

Praised as ‘always extremely professional and responsive’, ISOLAS LLP continues to be involved in high-end residential, commercial and mixed-use developments in Gibraltar. It is also known for its expertise in commercial and residential landlord and tenant work, areas in which Mark Isola KC excels. Samantha Grimes advises landlords on commercial developments, leases and licenses. She is also instructed by developers on construction and development finance work. Sarah Bray and associate Katrina Isola are ‘both standout property lawyers’ and are active in commercial developments and conveyancing.

Practice head(s):

Mark Isola KC; Samantha Grimes

Other key lawyers:


‘The client service experience from the firm is exceptional. There is always a good dialogue for concerns raised and a feeling of genuine interest for the case at hand.’

‘Isolas are always extremely professional and responsive whenever I deal with them for property sales or purchases. This can make the difference between a sale completing and falling through, and is one of the reasons I like to use them. They are very experienced in this field and also work well with whichever other law firm may be representing the other party.’

‘Sarah Bray champions diversity and inclusion both at her firm and on the local stage. She is also passionate about sustainability and is working in an industry which has the opportunity to lead in terms of green developments. She is definitely at the forefront of this agenda!’

‘I often deal with Sarah Bray and Katrina Isola, and can highly recommend their professional and friendly approach to dealing with any situation or complication that may arise. ’

‘One of the keys differences between Isolas and other law firms in Gibraltar is that the property department are always working together. There is always somebody available to contact whether it be phone/email or even whatsapp. ’

‘Sarah Bray and Katrina Isola are both standout property lawyers in Gibraltar.’

‘The team go above and beyond to keep you updated throughout the conveyancing process which was extremely reassuring. The team is also led by a young female Partner in a traditionally male-orientated industry. The team work diligently and sometimes to extremely tight deadlines to deliver excellent results for all parties.’

Key clients

HM Government of Gibraltar

Gibraltar Naval Trust

Work highlights

  • Advising His Majesty’s Government of Gibraltar in relation to the £90m project over the Eastside reclamation by the TNG Global Foundation group of companies.
  • Acting on behalf of the Gibraltar Naval Trust, a registered charity, in relation to the sale of the premises known as Wessex House to the Ministry of Defence.

Gibraltar > Shipping Tier 2

At ISOLAS LLP, Christian Hernandez and the team 'have exceptional legal talent, a wealth of experience and are pragmatic and practical in their advice'. Hernandez is known for his activity in ship arrests and working with P&I Clubs, banks and shipowners in financing transactions. Senior associate Michael Adamberry lends additional support on collisions and marine casualties, as well as in non-contentious advisory work, such as licensing and vessel registration applications. He also advises shipowners and insurers on liability for environmental issues concerning major pollution incidents.

Practice head(s):

Christian Hernandez

Other key lawyers:


‘A full-service law firm with a wealth of knowledge and experience and sufficiently big to offer complex advice at short notice yet accessible at all times.’

‘Christian Hernandez and his team have exceptional legal talent, a wealth of experience and they are pragmatic and practical in their advice to obtain the best outcome for the clients. I enjoy working with Christian Hernandez and his team.’

‘Very good people. Very solid and reliable. Christian Hernandez is a standout lawyer.’

Gibraltar > Tax Tier 2

ISOLAS LLP's 'strong tax team is able to offer advice on a wide range to tax related issues, from personal tax matters to the viability of corporate structures from a tax planning perspective'. The sizeable group, consisting of Peter Isola, Emma Lejeune, Adrian Pilcher and Stuart Dalmedo, is frequently instructed by both corporate and individual clients on M&A and commercial transactions, international tax planning, restructuring, succession planning and asset protection structures, with a focus on tax efficiency.

Practice head(s):

Peter Isola; Emma Lejeune; Adrian Pilcher; Stuart Dalmedo


‘The team possess a strong understanding of tax law, they consistently deliver and provide tailored solutions that optimise tax savings for their clients, have meticulous attention to detail that ensures no issue goes unnoticed. Overall, their expertise make them an outstanding resource for navigating the intricacies of taxation.’

‘Working with lawyers – Stuart Dalmedo and Adrian Pilcher – at ISOLAS gives great comfort due to their exceptional expertise in the field of taxation and private clients, they offer insightful advice that is both thorough and highly effective. They make invaluable assets to the firm and anyone seeking tax guidance, structure planning etc.’

‘Isolas has a strong tax team that is able to offer advice on a wide range to tax related issues, from personal tax matters to the viability of corporate structures from a tax planning perspective. They have a good relationship with the local tax authority and extremely valuable insights into tax practices in Gibraltar, which they have developed through years of experience and engagement.’

‘Stuart Dalmedo is a key individual that we have worked with at Isolas on tax-related matters. He has assisted us to understand the tax implications of various proposed business structures and reorganisations. His knowledge and business acumen really stands out and was an invaluable resource to us.’

‘Isolas has a great in-house team and are my go-to lawyers in Gibraltar.’

‘Emma Lejeune is the stand-out partner in the team, combining technical knowledge with a real flair for knowing precisely what clients want.’

‘Stuart Dalmedo and his enthusiastic and committed colleagues have an in-depth knowledge of Gibraltar’s personal and corporate tax regulations and law. Queries are responded to immediately.’

‘Stuart and his colleagues are accessible and extremely effective, communication is prompt and tasks completed in a timely and efficient manner.’

The firm: ISOLAS is a leading international law firm with its headquarters in Gibraltar. Established in 1892, it is Gibraltar’s oldest law firm. Truly independent, it offers clients the benefits of commitment, continuity and the close personal interest expected of a long-established firm. ISOLAS has a reputation for combining expert legal advice with commercial pragmatism. The firm is known to be practical and confident in the advice it gives. It is consistently ranked as one of the leading law firms in the jurisdiction by the major international legal directories. Isolas acts for international clients, including most of the major UK, European and US banks, as well as multinational insurers and reinsurers.

Areas of practice
International banking and finance: the firm is a leading player and has specialist lawyers who deal with all aspects of banking and finance. The firm’s specialist team is led by Christian Hernandez, who is acknowledged as one of the leaders in the jurisdiction.

Admiralty and shipping: whilst Gibraltar boasts a large number of law firms, there are very few that have a specialist, highly experienced Admiralty department. Credit to the firm’s experience and expertise in Admiralty matters is the fact that the firm is continuously involved in the majority of shipping disputes in Gibraltar, as well as receiving instructions from many London shipping law firms.

Commercial and litigation: ISOLAS has developed one of the leading and most successful commercial and trust litigation departments in Gibraltar. The firm’s expertise ranges from (general) commercial litigation, to established specialisation in telecommunications, insurance, banking and financial services, international trade, and private international and EU law. In addition, the firm has established expertise in a very wide range of personal and corporate insolvency issues, including receivership, administration, liquidation, arrangements with creditors and debt recovery in general. The civil aspects of commercial fraud (invariably in an insolvency or insurance context) are also an aspect of work undertaken by the firm, which includes tracing remedies, search and seize orders and freezing injunctions. ISOLAS is also widely regarded as having the best, most-experienced employment team in the jurisdiction.

ISOLAS has been at the forefront of developments in financial services and insurance having been instructed on both the first part VII transfer of insurance business out of Gibraltar and with the establishment of Gibraltar’s first insurance linked securities manager.

ISOLAS is a market leader in the fintech sector, having worked closely with the government of Gibraltar and the Gibraltar Financial Services Commission on various niche areas within this space. The firm has been instrumental, through its participation in government-established working groups, in shaping discussions and regulations in the context of DLT financial activity, maintaining its contribution to the further development of this space.

The firm recently acquired boutique family office firm Legacy Consulting Limited, bolstering its offering in the private client space with the addition of Emma Lejeune.

Gaming: ISOLAS has been at the forefront of developments in the local gaming industry which accounts for 12% of employment in Gibraltar. Steven Caetano is a regular advisor to Gibraltar licensed online gaming companies on all relevant areas of that practice.

Department Name Email Telephone
Banking litigation Mark Isola KC +35020001892
Banking litigation James Montado +35020001892
Corporate and structured finance Christian Hernandez +35020001892
Banking, financial services Joey Garcia +35020001892
Banking, financial services Christian Hernandez +35020001892
Litigation Mark Isola +35020001892
Litigation James Montado +35020001892
Tax and online gaming Peter Isola +35020001892
Tax and online gaming Steven Caetano +35020001892
Private client Peter Isola +35020001892
Private client Adrian Pilcher +35020001892
Telecommunications Steven Caetano +35020001892
Employment Samantha Grimes +35020001892
Employment Mark Isola KC +35020001892
Pensions and trusts Emma Lejeune +35020001892
Pensions and trusts Adrian Pilcher +35020001892
Company management Peter Isola +35020001892
Company management Christian Caetano +35020001892
Fintech Joey Garcia +35020001892
Fintech Jonathan Garcia +35020001892
Admiralty and maritime Christian Hernandez +35020001892
Insurance Christian Caetano +35020001892
Insurance Steven Caetano +35020001892
Bankruptcy and insolvency Mark Isola KC +35020001892
Bankruptcy and insolvency James Montado +35020001892
Property and real estate Sarah Bray +35020001892
Commercial Peter Isola +35020001892
Commercial Mark Isola KC +35020001892
Personal injury Mark Isola KC +35020001892
Personal injury Danielle Victor +35020001892
Funds Joey Garcia +35020001892
Funds Jonathan Garcia +35020001892
Construction Samantha Grimes +35020001892
Construction Mark Isola KC +35020001892
Banking litigation Mark Isola KC +35020001892
Banking litigation James Montado +35020001892
Private Client Emma Lejeune +35020001892
Number of lawyers : 30

ISOLAS LLP is an award-winning law firm, advising on the full range of legal solutions. 

In addition to its headquarters in Gibraltar, the firm also has a presence in Spain, ISOLAS Abogados. There, the firm advises on all matters related to the sale and purchase of real property in Spain, whether by means of corporate structures or those involving individuals, as well as acting as an intermediary in the arrangement of financing.  

The office is headed by Carmen Menjibar, whose expertise in commercial matters spans the establishment of companies in Spain which are either used for trading or property holding as part of tax planning structure, and all associated administrative requirements.  

We are also experienced in the preparation of Spanish Wills and Inheritance Tax for non-nationals, and can advise on all relevant issues as well as the obtaining of visas and residency numbers for non-Schengen country originating individuals. 

Christian Hernandez, Partner

What do you see as the main points that differentiate Isolas from your competitors?

An unwavering commitment to provide the best legal services whilst remaining pragmatic in order to secure the best possible outcome. At ISOLAS we ensure that all matters are partner led and that clients always have immediate access to all team members to assist them with any queries.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Refinancings to take into account the changing financial landscape resulting from increasing interest rates.

What’s the main change you’ve made in the firm that will benefit clients?

We have full remote working capability across all lawyers to ensure that clients are always able to access our full range of legal services whatever the circumstances.

Is technology changing the way you interact with your clients, and the services you can provide them?

Yes. We have full remote working capability across all lawyers to ensure that clients ae always able to access our full range of legal services whatever the circumstances.

Can you give us a practical example of how you have helped a client to add value to their business?

Regularly advice banks and lending institutions on latest developments in the law and market practice to ensure that the lending and documentation follows best practices so as to strengthen their security from borrowers and guarantors.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Yes. As the oldest law firm in Gibraltar but at the same time the most innovative and forward thinking, we offer clients the stability that comes from having been in business for 131 years with the direction and guidance required in today’s fast paced and changing business space.