Firm Profile > Cains > Douglas, Isle Of Man

Cains
FORT ANNE
DOUGLAS
IM1 5PD
Isle Of Man

Isle of Man > Banking, finance and capital markets Tier 1

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

Testimonials

‘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

HSBC

Investec Bank PLC

Lloyds Bank Plc

The Royal Bank of Canada

The Royal Bank of Scotland

The Standard Bank of South Africa Limited

Isle of Man > Commercial property Tier 1

Cains‘ commercial property team provides transactional and advisory support to a wide range of clients, including international and domestic real estate investors, developers, occupiers and lenders. In one highlight, the firm advised Mainsail Holdings Limited on its landmark £12m sale of the Douglas Bay Complex to Douglas Bay Property. Tim Shepherd and managing associate Alex Poole-Wilson jointly lead the team, which includes Stephanie Chew, who is noted for her expertise in real estate finance transactions.

Practice head(s):

Alex Poole-Wilson; Tim Shepherd

Other key lawyers:

Stephanie Chew

Testimonials

‘I have worked a lot with both Tim Shepherd and Stephanie Chew and both are excellent to work with.  I would always highly recommend Tim and Stephanie and I really value their responsiveness, expert knowledge and solutions orientated approach.’

Key clients

The Stars Group

Flutter Entertainment PLC

Heron and Brearley Limited

Manx Telecom Trading Limited

Twickenham Investments Limited

Standard Bank Isle of Man Limited

Lloyds Bank Corporate Markets Plc

British Red Cross

Newhaven Properties Limited

Nedbank Private Wealth Limited

Linnia Investments Limited

AXA UK Pension Trustees Limited

SES Satellite Leasing Limited

Isle of Man > Corporate and commercial Tier 1

Cains advises on some of the biggest deals in the market and is the largest independent firm in the Isle of Man. In a recent deal of note, the team advised the Stars Group on a $12.2bn merger with Flutter Entertainment. Alongside the gambling sector, the team’s workload has also included mandates in the financial services, insurance and telecoms industries. Leading the team is Tristan Head and Scott Leonard -Morgan; both have extensive experience in handling multi-jurisdictional M&A. The team is also supported by Stephanie Chew, who is particularly known for her expertise in property-related corporate transactions. Associate Matthew Wilkinson is a promising name at the junior level. Senior counsels Andrew Baker and Richard Vanderplank retired.

Practice head(s):

Tristan Head; Scott Leonard-Morgan

Other key lawyers:

Stephanie Chew; Matthew Wilkinson

Testimonials

‘The team at Cains were really helpful in setting out the requirements of Isle of Man law and the paperwork required, which helped the transaction complete in a timely manner.’

‘Scott Leonard Morgan was very responsive with a great hands on and practical approach in relation to the advice provided.’

‘Response time, collaboration, efficiency.’

‘Tristan Head and Matthew Wilkinson performed excellently. The quality of work and turnaround periods were in keeping with the standard we had hoped for. ’

‘Cains are the clear market leaders in the Isle of Man for corporate practice. They bring onshore standards of service and expertise to the offshore market.’

‘Tristan Head and Scott Leonard-Morgan are our main contacts and consistently impress. Their work is delivered on time every time and always to the expected standard. They are commercial and always available.’

‘Clarity of advice, sound advice, speed of response.’

‘Personable, approachable, efficient and effective.’

Key clients

AngloGold Ashanti Holdings plc

Clearbell

Eros International Plc

Flutter Entertainment PLC

KPMG LLC

Avignon Capital Limited

The Stars Group

IQEQ

Manx Telecom Limited

Tullow Oil PLC

M7 Real Estate

Isle of Man > Dispute resolution Tier 1

Cains is the largest independent firm in the Isle of Man, commended by clients for its ‘range, as well as depth’. The team is led by insolvency expert Peter Clucas and Robert Colquitt, who has a very broad skillset across commercial and chancery litigation. Lindsey Bermingham heads the firm’s compliance team and as such is highly skilled in regulatory and more specifically anti-money laundering disputes. Senior legal adviser David Doyle is another name of note and an expert trust and regulatory disputes. Cross-border litigation is another strong point of the practice, with senior consultant Seth Caine being a key name in this regard. On the junior side of the team, senior associate Tara Cubbons  and associate Charles Williams are highly recommended and both highly skilled in insolvency disputes.

Practice head(s):

Peter Clucas; Robert Colquitt

Other key lawyers:

Lindsey Bermingham; David Doyle; Seth Caine; Tara Cubbons; Charles Williams 

Testimonials

‘First class lawyers in probably the most impressive and established commercial litigation firm on the Island. They have a depth of knowledge probably unrivalled on the island. ’

‘Lindsey Bermingham. Best lawyer I’ve ever worked with, she is brilliant, thorough and exercises excellent judgement. Calm in a crisis, she has immense experience of the financial regulatory world as well as commercial litigation. Her experience, given much of the business on the Island, is unrivalled.’

‘Cains provides a Rolls Royce service, with a powerhouse reputation – both on Island and Internationally.’

‘Lindsey Birmingham is a class act. Hard working, highly articulate and a legal tactician of the very highest quality. It is like playing chess with a grandmaster, knowing she will always be one step or more ahead of her opponents.’

‘Lindsey Birmingham is a superb advocate. Her attention to detail is second to none. A pleasure to work with and a leader in her field.

‘Robert Colquitt is personable and easily approachable whilst maintaining a professional approach. He delivers expert and pragmatic advice. He is a tough litigator and gives you the confidence that he has your back.’

‘Peter Clucas provides practical advice and is proactive in bringing changes of legislation to our attention that had an impact of the work we were doing with Cains.’

Key clients

Cayman National Trust Company (Isle of Man) Limited

Slaughter and May – reference to Leonteq Securities AG; Leonteq Securities (Europe) GmbH

Stuart Smalley & Co LLC

Pricewaterhouse Coopers LLC

Browne Craine & Co

Her Majesty’s Attorney General’s Chambers (Isle of Man)

Isle of Man Financial Services Authority

SMP

Isle of Man > Gambling Tier 1

Cains‘ corporate and finance teams have a strong emphasis on the gambling sector, with a client list spanning gaming companies and financial institutions. The team’s recent workload included advising on the landmark $12.2bn merger between The Stars Group and Flutter Entertainment. Alongside M&A work, the group also specialises in reorganisations, loan facilities and regulatory issues. Scott Leonard-Morgan co-chairs the group and is a key name in the market for cross-border transactions and financings. Fellow co-head Tristan Head has additional expertise in restructurings and capital markets transactions.

Practice head(s):

Scott Leonard-Morgan; Tristan Head

Testimonials

‘Tristan Head and Scott Leonard-Morgan are our main contacts and consistently impress. Their work is delivered on time every time and always to the expected standard. They are commercial and always available.’

‘Scott Leonard-Morgan is a first class corporate lawyer. He grasps the key issues immediately and is very responsive. He is a cut above other Isle of Man corporate practitioners.’

‘Scott Leonard-Morgan is extremely commercially and client focused, professional and good to work with.’

Key clients

The Stars Group

Flutter Entertainment PLC

Gamysys

Galaxy Gaming Inc

NetEnt AB

Isle of Man > Insurance and pensions Tier 1

With a leading corporate team, Cains is well versed in advising on transactions and regulatory compliance in the insurance sector, with the additional capabilities of drawing upon its strong bench of litigators. Consultant Jonathan Latham has an impressive background advising on major corporate transactions and reorganisations, and more recently has been advising on insurance issues surrounding the pandemic and its economic consequences. Tristan Head is also a name of note for transactions and regulatory work, but is also a key name for bond issuances and public listings. Lindsey Bermingham leads on the contentious side, and is most notably strong in cases concerning anti-money laundering. Senior associate Matthew Quinn is a promising name at junior level.

Practice head(s):

Tristan Head; Jonathan Latham; Lindsey Bermingham; Scott Leonard-Morgan

Other key lawyers:

Matthew Quinn

Testimonials

‘Tristan Head is personable, trustworthy, professional and honest.’

‘Tristan Head is a pleasure to work with. He is very commercial-minded, was available and actively engaged in the matter.’

Lindsey Bermingham. Best lawyer I’ve ever worked with – she is brilliant, thorough and exercises excellent judgement. Her experience, given much of the business on the Island, is unrivalled.’

‘Lindsey Bermingham is a class Act. Hard working, highly articulate and a legal tactician of the very highest quality. It is like playing chess with a grandmaster, knowing she will always be one step or more ahead of her opponents.’

Isle of Man > Employment Tier 2

Cains' highly experienced corporate and disputes teams are also known to handle employment work. The corporate group is highly skilled in advising clients on the employment aspects of M&A and bankruptcies, as well as handling day-to-day issues. On the disputes side, Robert Colquitt has expertise in issues such as unfair dismissal and discrimination. Associate Charles Williams is another practitioner with expertise in dismissals, while associate Kirsten Middleton assists clients with employee incentive schemes and immigration issues. Another key associate is Adam Clark, who is 'excellent' and 'highly responsive'.

Practice head(s):

Robert Colquitt

Other key lawyers:

Charles Williams; Kirsten Middleton; Adam Clark

Testimonials

‘We have worked with Cains through a number of technically demanding transactions. They have been commercial, responsive and we would be happy to continue working with them.’

‘Adam Clark is excellent and highly responsive.’

‘ Our go-to partners for Isle of Man employment law and data privacy matters. ’

‘Associate Adam Clark is responsive, reliable and easy to work with.’

Established in 1899 and headquartered in the Isle of Man, Cains is a leading independent offshore law firm at the forefront of maintaining the Isle of Man as a premier international finance centre.

A full-service commercial law firm, the expert team of legal specialists work across various disciplines advising clients from both the Isle of Man and around the globe on banking and finance, corporate and commercial, employment and data protection, litigation, property, regulatory and restructuring and insolvency legal matters.

Proven skills, international industry expertise and in-depth knowledge combine to ensure the team can handle the most demanding, complex and innovative instructions from a broad range of local and international clients including global banks, financial institutions, multi-national enterprises, regulatory bodies, in addition to public and private companies.

Cains has an unbeatable track record of working in partnership with leading global law firms from other jurisdictions to effect international transactions, including market listings and cross-jurisdictional M&A transactions, ensuring a seamless service for all clients.

Principal areas of work:

Banking and Finance:  Cains’ banking and finance team has a widely acknowledged and long-standing reputation for providing market-leading legal services to international banks, global financial institutions, alternative lenders, aircraft and ship owners and various borrowers. The team regularly advises on complex multi-jurisdictional commercial real estate, acquisition, project and asset finance matters, capital markets including debt issues and securitisations, bilateral and syndicated loans and derivative transactions and sales of performing and non-performing loan portfolios.

Corporate and Commercial: Corporate and commercial matters are the foundation of Cains’ legal offering and the specialist team, which is one of the largest in the Isle of Man, is renowned for dealing with the most complex and noteworthy corporate transactions with a particular focus on mergers and acquisitions, corporate restructurings, joint ventures, capital markets and investment funds, for a diverse portfolio of local and international organisations including Fortune 500 companies.

Employment: Cains’ employment specialists provide expert legal advice to clients at every stage of the employment “life cycle” from recruitment, through all aspects of the working relationship, to cessation of employment and post-termination concerns. With close governmental ties the team is regularly instructed to assist clients new to the Isle of Man by providing re-location assistance, including advice on employer registrations and immigration and work permits.

Data protection: Cains’ data protection team represents clients on the full spectrum of contentious and non-contentious data privacy and information rights issues. Familiarity with key Isle of Man sectors and the particular challenges enables our lawyers to provide comprehensive, relevant, and valued insights on topics including GDPR, data governance, record retention, impact assessments and transfers of personal information.

Listing Services: Cains Listing Services Limited (CLSL) is a Category 1 and 2 Member of The International Stock Exchange (TISE), approved to act as Listing Agent and Sponsor in relation to the listing of bonds and equities on the TISE.  Cains’ team offers exceptional levels of corporate listings experience, having advised both domestic and international clients on debt and equity listings across international recognised stock exchanges including the main market of the London Stock Exchange, AIM, NASDAQ, EASDAQ, Frankfurt, NYSE, HKEX, SGX-ST, Dublin, LuxSE, JSE and Warsaw.

Litigation: Cains’ leading litigation department has unrivalled experience representing a broad range of clients across the full spectrum of contentious and non-contentious work and is widely recognised for its expertise in both international and domestic cases, including high-value and complex insolvency, commercial, corporate, asset tracing, fraud and trust litigation cases. The highly skilled team regularly provides financial services and regulatory advice to clients and can assist with white collar prosecution and defence work.

Property: Cains’ property team provides expert and comprehensive legal advice on all aspects of commercial and residential property transactions including property acquisitions and sales, leases, loan structuring deals, commercial real estate restructuring and refinancing arrangements. The team regularly works with UK, Irish and offshore financial institutions, as well as local and international investors, developers, retailers, manufacturers and utility companies.

Regulatory: Cains’ multi-disciplinary regulatory team has experience in advising on the full spectrum of regulatory and compliance matters relevant to businesses operating in or from the Isle of Man, including providing up-to-date guidance and advice on all aspects of financial services regulation including licensing and authorisation, risk management and compliance, anti-money laundering and data protection. The team works alongside government bodies and industry associations to help shape the Isle of Man’s regulatory frameworks and policies.

Restructuring and Insolvency: Cains’ restructuring and insolvency team has been extensively involved in both the contentious and non-contentious aspects of the largest and highest profile commercial restructuring and insolvency matters in the Isle of Man.  The team regularly advises on restructurings effected via schemes of arrangement, debt restructurings (including debt for equity swaps), corporate rescues and insolvencies of financial institutions and corporate debtors. Members of the team have particular expertise in working with on-shore law firms and other restructuring and insolvency specialists, to structure and implement recovery and, where necessary enforcement, processes, at times utilising Isle of Man law purpose trusts to hold distressed assets.

 

Department Name Email Telephone
(Managing Director) Peter Clucas peter.clucas@cains.com
Employment and Litigation Robert Colquitt robert.colquitt@cains.com
Banking and Finance Mike Edwards mike.edwards@cains.com
Corporate and Commercial and Regulatory Tristan Head tristan.head@cains.com
Banking and Finance Tim Shepherd tim.shepherd@cains.com
Property Alex Poole-Wilson alex.poole-wilson@cains.com
Corporate and Commercial Scott Leonard-Morgan scott.leonard-morgan@cains.com
Litigation and Regulatory Lindsey Bermingham lindsey.bermingham@cains.com
Employment Katherine Sheerin katherine.sheerin@cains.com
Photo Name Position Profile
 Lindsey Bermingham  photo Lindsey Bermingham Lindsey is a Director within Cains’ top tier Litigation team and has…
 Seth Caine  photo Seth Caine Seth Caine is a Senior Consultant within Cains’ litigation department, with particular…
 Stephanie Chew  photo Stephanie Chew Stephanie is a Managing Associate with more than 10 years’ experience advising…
 Peter Clucas  photo Peter Clucas Peter is a Managing Director and head of Cains’ top tier Litigation…
 Robert Colquitt  photo Robert Colquitt Robert is a Director within Cains’ top tier Litigation team. His practice…
 Tara Cubbon  photo Tara Cubbon Tara is a Senior Associate within Cains’ top tier Litigation team. With…
 Faye Devlin  photo Faye Devlin
 David Doyle CBE  photo David Doyle CBE David is a Consultant within our top tier Litigation team. With a…
 Mike Edwards  photo Mike Edwards Mike is a Director and head of Cains’ top tier Shipping and…
 Catherine Hamill  photo Catherine Hamill Catherine is a Consultant within Cains’ Corporate, Banking and Commercial departments with…
 Tristan Head  photo Tristan Head Tristan is a Director and joint head of Cains’ top tier Corporate…
 Emily Johnson  photo Emily Johnson Emily is an Associate within our top tier Litigation practice, having joined…
 Jonathan Latham  photo Jonathan Latham Jonathan is joint head of Cains’ top tier Insurance team.  He practiced…
 Scott Leonard-Morgan  photo Scott Leonard-Morgan   Scott is a Director and joint head of Cains’ top tier…
 Kirsten Middleton  photo Kirsten Middleton Kirsten is an Associate within Cains’ Corporate and Commercial practice, having joined…
 Alex Poole-Wilson  photo Alex Poole-Wilson Alex is a Managing Associate and head of Cains’ Property team with…
 Steven Quayle  photo Steven Quayle Steven is a Director within Cains’ top tier Shipping team and leads…
 Katherine Sheerin  photo Katherine Sheerin Katherine is a Consultant within Cains’ Employment and Data Protection team and has over…
 Tim Shepherd  photo Tim Shepherd Tim is the head of Cains’ top tier Banking and Finance team…
 George Walmsley  photo George Walmsley
 Matthew Wilkinson  photo Matthew Wilkinson Matt is an Associate in Cains’ top tier Corporate and Commercial team…
 Charles Williams  photo Charles Williams Charles is an Associate within our top tier Litigation team and since…
Number of directors : 8
Number of other fee-earners : 18
English

Cains acts as legal counsel to the Isle Of Man Treasury on £400 million sustainable note issue.

Lawyers from Cains’ Corporate team have acted for the Isle of Man Treasury alongside global law firm Clifford Chance LLP on the issuance of £400 million 1.625% Notes due 2051, the proceeds of which are intended to be used in accordance with a newly established Isle of Man Sustainable Financing Framework.

Cains Listing Services Limited, which is part of the Cains group, is acting as listing agent for the Isle of Man Treasury in respect of the listing of the Notes on The International Stock Exchange (TISE).

Banco Santander S.A., Barclays Bank PLC and HSBC Bank plc acted as joint lead managers with international law firm Dentons acting as lead counsel to the joint lead managers.

The Notes have been assigned a rating of Aa3 by Moody’s Investors Service Limited.

The Cains team was led by directors Tristan Head and Scott Leonard-Morgan, who worked alongside Clifford Chance LLP, The Isle of Man Treasury team (led by David Catlow, Executive Director, Financial Governance), the team at the Isle of Man Attorney General’s Chambers and the Treasury Minister.

Cains’ Corporate team advises Stonehage Fleming on acquisition of Maitland’s private client business.

Cains’ Corporate and Commercial team advised international multi-family office Stonehage Fleming on its acquisition of the private client services business of Maitland, a privately-owned global advisory, administration and family office firm.

On completion of the transaction, which is subject to regulatory approval in the Isle of Man and other jurisdictions, the business will transfer to Stonehage Fleming, bringing legal, fiduciary, corporate and investment management services capability in nine locations worldwide. The transaction will add £1 billion of assets under management (“AUM”) and £15 billion of assets under administration (“AUA”), taking Stonehage Fleming’s AUM to over £16 billion and AUA to over £60 billion.

Maitland’s Private Client Services business will bring further scale to Stonehage Fleming, strengthen key service areas and broaden the range of jurisdictions offered to clients. It will be combined with and operate under the Stonehage Fleming brand.

Cains’ corporate and commercial team, which was led by Director Scott Leonard-Morgan with support from Associates Matthew Wilkinson and Faye Devlin, acted as lead Isle of Man legal advisors to Stonehage Fleming on all Isle of Man aspects of the acquisition.

Cains’ Corporate team advises on Marco Capital’s acquisition of VA Insurance Services.

 Cains’ Corporate and Commercial team advised Marco Capital on its acquisition of VA Insurance Services Limited, an Isle of Man based captive non-life insurance company, from Thomas Cook Group Treasury Limited, which is in liquidation.

Marco Capital is a Malta-headquartered European property and casualty (P&C) insurance run-off group which launched in Europe’s P&C run-off market in 2020.

The transaction has received regulatory approval from the Isle of Man Financial Services Authority and has now completed.

Cains’ corporate and commercial team, which was led by Scott Leonard-Morgan with support from Catherine Hamill, acted as lead Isle of Man legal advisors to Marco Capital on all Isle of Man aspects of the acquisition.

Cains advises on Tullow Oil’s US$2.4 billion debt refinancing.

Cains acted as Isle of Man legal counsel to Tullow Oil plc, a FTSE 250 independent energy company, on its offering of $1,800,000,000 senior secured notes due 2026 and its $600,000,000 super senior revolving credit facility maturing in December 2024; working alongside leading law firm, Latham & Watkins.

Tullow Oil, a FTSE 250 company, is an independent oil and gas exploration and production company focused on Africa and South America, with interests in over 50 exploration and production licences across 11 countries.

The company will use the proceeds of the notes to repay its existing reserves based lending facility, to redeem its senior notes due 2022 and to repay its convertible bonds due 2021.

Director Tristan Head led the Cains team on the bonds/capital markets aspects of the transaction, with support from Matthew Wilkinson and Holly McGarrigle, and director Steven Quayle led the Cains team on the credit facility aspects of the transaction with support from George Walmsley and Faye Devlin.

Cains acts for Concord on its acquisition of 145,000 owned and co-published music copyrights from Downtown.

Cains’ advises Canaccord Genuity on HPS investment.

 The Corporate and Commercial team from Cains has recently advised longstanding client Canaccord Genuity on the recent investment by HPS Investment Partners LLC (“HPS”), on behalf of investment accounts and funds it manages, into Canaccord Genuity Wealth Group Holdings (Jersey) Limited, the parent company of Canaccord Genuity’s wealth management operating subsidiaries in the UK, the Channel Islands and in the Isle of Man.

Subject to regulatory approval and other customary conditions, HPS will acquire Convertible Preferred Shares in Canaccord Genuity Wealth Group Holdings (Jersey) Limited for an investment amount of £125 million.

HPS is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for its clients. HPS has over US$68 billion of assets under management invested in both large and small companies across a variety of industries and sectors.

Cains supports KPMG IOM in the creation of new Crown Dependencies practice.

 Cains supported long-standing client KPMG Isle of Man on the merger with KPMG Channel Islands to form a single practice operating across the Crown Dependencies.

The merger creates a professional services business of 430 people, locally owned and dedicated to serving the key industry sectors across the three islands, to share expertise and knowledge whilst each maintaining their local identity within their respective marketplaces.

The combined practice forms a core part of the KPMG Islands Group, made up of International Financial Centres and Overseas Territories spanning a sub-region which extends from Malta to the Caribbean. This grouping works closely with other KPMG practices in major global financial centres such as London and New York, ensuring that KPMG’s clients can benefit from an optimal blend of local and global expertise from KPMG’s network.

Cains partners Scott Leonard-Morgan and Tristan Head, who head Cains’ Corporate practice, acted as lead counsel to KPMG Isle of Man, advising on all matters of Isle of Man law and regulations in connection with the merger. They worked closely with Carey Olsen’s Jersey team over the last three months to formalise the merger, which took effect from 1st January 2021.

Cains’ Corporate team advises on sale of IOMA Group.

 The Corporate and Commercial team Cains advised on the sale of IOMA Group, the bespoke insurance and pension solution provider headquartered in the Isle of Man, to Wilton Group.

The deal, which is subject to regulatory approval from the Isle of Man Financial Services Authority, will see each of Isle of Man Assurance Limited, IOMA Horizons Limited and Isle of Man Insurance Management Limited being sold.

The IOMA companies are bespoke insurance and pension solution providers that have been at the forefront of the insurance market in the Isle of Man since 1971, currently employing 29 people and managing close to £500 million in assets.

Cains’ corporate and commercial team, which was led by Scott Leonard-Morgan, acted as lead Isle of Man legal advisors, assisting IOMA Group throughout all stages of the transaction, which was mutually agreed in a short timeframe between the parties.