Firm Profile > Simcocks > Douglas, Isle Of Man

Simcocks
RIDGEWAY HOUSE
RIDGEWAY STREET
DOUGLAS
IM99 1PY
Isle Of Man

Private client, trusts and tax Tier 1

Private client work is a foundational practice area for Simcocks, with the firm’s chief executive Phil Games overseeing the team. Games is a qualified Commissioner for Oaths and Notary Public, with expertise spanning across estate planning issues, trusts, probate and pension matters. Louise Byrne is a key name for contentious work, particularly in relation to divorce cases involving high-net-worth individuals. Another key name for litigation is associate Kevin O’Loughlin, who is highly skilled in trust disputes. Associate Caroline Jennings, who focuses on family law, is also recommended.

Practice head(s):

Phil Games

Other key lawyers:

Louise Byrne; Kevin O’Loughlin; Caroline Jennings

Testimonials

‘The Team at Simcocks has a diverse range of expertise. They are friendly, approachable and down to earth and we enjoy working with them.’

‘We have tremendous respect of the the advocates at Simcocks and in particular deal with Phil Games on a regular basis. We find Phil to be extremely knowledgeable and experienced in his field and able to give pragmatic, innovative and cost effective advice whilst meeting deadlines which can sometimes be quite challenging.’

‘All in all a very user friendly team with excellent knowledge and response times.’

‘Kevin O’Loughlin is very knowledgeable, user friendly and always available.’

‘Simcocks are one of the leading law firms on the IOM – they provide both business and private clients with a full offering of legal services.’

‘They have an excellent team of lawyers who provide specialist advice and advocacy services and are collaborative, user-friendly and approachable as well as being creative and cost-effective in providing clients with solutions to legal problems.’

‘Kevin is extremely knowledgeable and has extensive experience of the corporate and private client fields; as well as providing professional trustee clients with specialist advice with the administration of trusts. His expertise is well honed having previously worked in-house at a fiduciary company and made very good connections from working in that industry. He is also involved with the committee structure of STEP Isle of Man.’

Banking, finance and capital markets Tier 2

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

Testimonials

‘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.’

Commercial property Tier 2

Simcocks' team is skilled in handling a wide array of commercial property work, such as acquisitions and disposals, leases, financing and development agreements. Irini Newby, who heads up the commercial property practice, has experience of the office, industrial, retail and leisure sectors in both the Isle of Man and England.

Practice head(s):

Irini Newby

Key clients

Tevir Properties Limited

Corporate and commercial Tier 3

Simcocks stands out for its expertise in advising corporate and fiduciary service providers, with a client list containing top UK law firms. Practice head Irini Newby has broad expertise across corporate and commercial work, with additional expertise in complementary areas including property and employment mandates. She is supported by Alex Spencer, who specialises in corporate acquisitions and disposals, as well as public listings. Associate Kevin O’Loughlin, who advises trust providers on corporate and commercial work, is also recommended.

Practice head(s):

Irini Newby

Other key lawyers:

Alex Spencer; Kevin O’Loughlin

Testimonials

‘The team at Simcocks provide a wide range of corporate and commercial experience. They work efficiently and turnaround times have been remarkable.’

‘Alex Spencer was the partner who led the team on the sale of my business. He provided useful advice and markers for the process from start to finish. As a result I knew what to expect during the negotiations and at each turn in the discussions was well prepared for the outcome. The sale process and the regulatory requirements relating to the sale went without a hitch.’

‘Our Company is quite complex and it has therefore been a great help that over the last ten years that I have used Simcocks and I have always dealt with the same people. They know the business, they can respond to requests quickly and we have a good working relationship.’

‘I have mainly worked with Alex Spencer and Kevin McLoughlin. Their in-depth knowledge of the IOM Company Law has assisted our Company through many complex transactions.’

‘Incredibly responsive, commercial, efficient and personable.’

‘Alex Spencer is very personable, commercial and responsive.’

Key clients

Charterhouse Lombard Limited

DAC Beachcroft

Shepherd Wedderburn LLP

Schroders

Dispute resolution Tier 3

Simcocks’s dispute resolution practice is led by Chris Brooks, who acts as a freelance consultant. His workload includes advising on commercial litigation, shareholder disputes, as well as obtaining injunctive relief and freezing injunctions. Elizabeth Simpson is another key name; she is noted for her expertise in fraud, insurance claims and shipping disputes. Associate Caroline Jennings, who focuses on family law, is also recommended.

Practice head(s):

Christopher Brooks

Other key lawyers:

Elizabeth Simpson; Caroline Jennings

Testimonials

‘Simcocks provides an exceptional service to its clients. ’

‘The firm combines non-contentious and litigation expertise. They work unusually well together and are able to provide a seamless service to clients as a result. Unusually collaborative with counsel and clients, and have made best use of technology as a result of the pandemic. Frequent video consultations involving contentious, non-contentious lawyers, clients and counsel have ensured very effective case-handling with an eye on the bigger commercial picture.’

‘Chris Brooks wears his expertise lightly, and is an able and effective team player. He clearly has an excellent rapport with clients who rightly trust him.’

‘Elizabeth Simpson has an excellent grasp of legal principle and a very logical mind. She is also readily available, responsive, and friendly with clients. She has a great ability to build a strong rapport at speed. In the small world of Manx advocates, I consider her to be a stand-out lawyer. ’

‘Elizabeth Simpson has substantial experience of acting for life assurance companies.’

‘Elizabeth Simpson is an experienced commercial litigator who is very good with clients, with shrewd judgement as to case strategy.’

‘Simcocks are clearly a market leader in offshore and financial services work in the Isle of Man legal market. They have strength in depth and a lot of individual specialists.’

‘I work with Elisabeth Simpson who is very diligent and hardworking and in command of the detail of local financial services law. She is an excellent litigator with strong commercial and strategic instincts. She is also very client-friendly and great to work within a team.’

Insurance and pensions Tier 3

Simcocks has particular expertise in insurance regulation, as well the amalgamations, winding up and insolvency of insurance companies. The team is also highly skilled in handling the establishment of pension schemes, as well as restructurings and mergers. David Spencer leads on the insurance side and has carved a particular niche in advising on marine insurance. Pensions law is primarily handled by Phil Games, who has expertise in commercial and corporate work within that field.

Practice head(s):

David Spencer; Phil Games

Simcocks is one of the longest established law firms in the Isle of Man, having formed an enviable reputation due to its expertise and experience. Founded in 1949 by Alfred Howard Simcocks, the law firm in the heart of the British Isles has grown from strength to strength.

The firm: With a reputation for delivering exceptional results for clients, the firm’s team of dynamic advocates adds real value to each and every case. Simcocks has a commitment to building and fostering strong relationships and, as well as offering a premier service, its lawyers are easy and straightforward to deal with.

The depth and range of the firm’s lawyers’ expertise and experience generates many complex referrals and it is regularly instructed by magic circle and silver circle firms. The group is strong on litigation support as well as transactional, restructuring and complex advisory work.

The firm’s results-driven service has the strength and ability to advise private individuals, Isle of Man-registered companies, multinationals, SMEs, regulators and NGOs. The team of advocates is approachable, dynamic, and highly recommended by Chambers and Partners and The Legal 500.

Types of work undertaken: Simcocks is a leading law firm based in the Isle of Man. Types of work undertaken include:

Banking and finance: Simcocks’ banking and finance team advises banks, financial institutions and corporates on all areas of finance including general bank lending, project finance, property finance, acquisition finance, asset securitisation and structured finance.

Corporate and commercial: specialists in corporate restructuring, mergers and acquisitions, the acquisition and disposal of business undertakings, the formation of new companies, general and limited partnership matters, joint ventures and shareholder agreements, shareholder and partner disputes, regulatory compliance, pensions, banking and capital markets including AIM listings and corporate legal opinions.

Litigation and dispute resolution: whether dealing with a multi-national corporation or a private client, Simcocks’ litigation and dispute resolution advocates adopt a commercially realistic approach to bring each case to an efficient and practical conclusion.

Property: work is undertaken on all aspects of development, retail, construction and planning, including advising high-net-worth individuals on all aspects of estate planning.

Private client: the private client team regularly works with law firms in the UK and overseas to provide Isle of Man advice on estate planning for clients with multinational holdings. The team has experience as trusted advisors to high-net-worth families.

eGaming: Simcocks deal with regulators in connection with grant of licences, obtaining opinions on the legality of new schemes, and negotiating and drafting commercial partnership agreements.

Shipping: the firm has considerable expertise delivering advice on the legislation, regulatory and commercial issues connected with this sector.

Intellectual property: Simcocks advises on contentious and non-contentious issues arising in connection with computer and software licences, trade mark registrations and disputes, copyright issues and design rights and patents.

Family law: the firm is committed to the constructive resolution of family disputes, including divorce and separation and preparing prenuptial and postnuptial agreements.

Department Name Email Telephone
AIM Alex Spencer
AIM Kevin O'Loughlin
Banking & Finance Alex Spencer
CEO Phil Games
Civil Litigation Chris Brooks
Collective investment schemes or mutual funds Alex Spencer
Collective investment schemes or mutual funds David Spencer
Commercial Litigation Chris Brooks
Corporate & Commercial Irini Newby
Corporate & Commercial Alex Spencer
Corporate & Commercial Janice Turnbull
Corporate & Commercial Sarah Wolter
Dispute Resolution Caroline Jennings
eGaming Alex Spencer
Employment Chris Brooks
Employment Irini Newby
Estate Planning Phil Games
Family Law Caroline Jennings
Family Law Louise Byrne
Immigration Winston Taylor
Insurance Elizabeth Simpson
Insurance Kevin O'Loughlin
Notarial services Phil Games
Pensions Kevin O'Loughlin
Pensions Phil Games
Personal Injury Winston Taylor
Planning Irini Newby
Private Client Phil Games
Property – commercial and residential Irini Newby
Property – commercial and residential Taryn Pyle
Restructuring and insolvency Alex Spencer
Shipping and aviation Alex Spencer
Shipping and aviation David Spencer
Trusts Janice Turnbull
Trusts Kevin O'Loughlin
Trusts Phil Games
Wills Caroline Jennings
Wills Phil Games
Photo Name Position Profile
 Christopher Brooks  photo Christopher Brooks Head of Dispute Resolution
 Louise Byrne  photo Louise Byrne Consultant Advocate
 Phil Games photo Phil Games CEO
 Caroline Jennings  photo Caroline Jennings Advocate
 Irini Newby  photo Irini Newby Director
 Kevin O'Loughlin photo Kevin O'Loughlin Advocate
 Taryn Pyle  photo Taryn Pyle Advocate
 Elizabeth Simpson  photo Elizabeth Simpson Consultant – advocate and solicitor
 Alex Spencer  photo Alex Spencer Director
 David Spencer  photo David Spencer Director
 Winston Taylor photo Winston Taylor Associate Advocate
 Janice Turnbull  photo Janice Turnbull Associate Advocate
 Sarah Wolter  photo Sarah Wolter Advocate
Number of UK partners : 4
Number of other UK fee-earners : 16

Testimonials for Chris Brooks:

“I appreciate the high quality advice I have received and thought Chris did an excellent job presenting and arguing the points in court.” – Client

“Your professional assistance is really impressive. It’s our pleasure to cooperate with you for this matter, and if we or our colleagues need legal assistance in Isle of Man in the further, you would be our first choice and we would definitely recommend you.” – Law Firm


Testimonials for Caroline Jennings:

“There were times when I would arrive on my knees but I always left feeling empowered and reassured”. – Client

“prompt, professional, personal and exceeded my expectations (and I have at least two ex-wives who will attest to the fact that I’m not easily pleased).” – Client

Reyna Soni, Attorney

Simcocks Attorney, Reyna Soni, discusses the firm’s experience and expertise in providing Isle of Man legal opinions.

What is your role at Simcocks Advocates?

I assist Simcocks with its own compliance and regulatory matters and I also assist our clients, mainly trust and corporate service providers (“TCSP’s”), with ensuring that their company has a compliant framework, with the necessary procedures and processes in place, to meet their ongoing regulatory requirements.

Part of my role is to assist clients by providing them with a review form ‘package’ which they would use day to day, where I walk them through what needs to be done, with specific regard to their own operational methodologies.

My involvement could go beyond simply looking at what a company is doing in relation to their compliance requirements to actively assisting them in doing what’s needed to get them ‘over the line’ so to speak, usually in anticipation of or in response to a regulatory assessment. This service includes assisting them in completing their internal and/or managed entity compliance reviews, where for example a licensed entity has fallen behind in maintaining their compliance procedures and processes generally. Here I could rally together a task force if needed and our level of engagement would vary depending on the client’s circumstances.

Who would benefit from the Regulatory & Compliance service?

All businesses, by and large, have some regulatory and compliance requirements. These would range from general GDPR and company reporting requirements to the more complex licensing requirements.

The more intricate matters generally come our way from the licensed and regulated entities, such as TCSP’s and banks who have to comply with the Financial Services Act/AML CFT Code and gaming entities who have to comply with the requirements of the Online Gaming Regulations Act.

How can Simcocks’ Regulatory & Compliance team support a company coming up to an assessment?

Simcocks can assist in many different ways, depending on the type of client and the circumstances that lead them to seeking advice.

When looking at the TCSP and banking clients who are regularly assessed by the IOM FSA, we can provide them with ‘General Health Checks’, where we go through their procedures

and processes to ensure that they are meeting the required regulatory standards, in advance of an assessment. We can even, depending on what’s required by the client, go a step further and create a task force to help the client bring their files and records up to date. By way of example, where a TCSP has fallen behind in conducting their mandatory file reviews and needs to urgently bring things up to date in advance of an assessment, we could go through their client entity files, do the review and give them a list of things that need to be done, to bring the records up to date.

What can the Simcocks team do to assist if there has been a breach?

Depending on the nature of the breach, we could review the matter and advise whether we consider there has been an actual breach, and liaise with the IOM FSA in this regard. Where a client elects to challenge the breach, we could assist in mediating the matter with the IOM FSA and if necessary, our litigation team can assist in bringing the client’s case forward.

Alternatively, we could work with the client and the FSA to demonstrate compliance, post breach.

What services do you provide to ensure clients’ regulatory compliance in the future?

Our general health-checks would help our client to determine which aspects of their policies and procedures need to be updated so that they continue to be compliant and we can assist in doing this for clients ourselves, where necessary.

Our review task force can be called in at any time to help a client stay on track, even if an assessment isn’t imminent and our review form package can be used by clients on an ongoing basis to ensure that they continue to do what is required.

We can assist by providing advice to Money Laundering Reporting Officers (MLROs) on whether a suspicious activity report needs to be made in specific circumstances.

Also, importantly, we can provide bespoke training to clients and their staff on the rules that currently apply to their particular office, so they have an understanding about why these tasks and checks are necessary.

Reyna is part of a team of risk advisory and compliance experts at Simcocks Advocates.

Corporate and Commercial

Simcocks’ excellent Corporate and Commercial team prides itself on its extensive expertise and its ability to provide comprehensive advice within very tight timeframes. The team is headed by Irini Newby, who is also an expert in Commercial Property and Employment law, and includes Alex Spencer, a leading individual in Banking and Finance.