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Simcocks

RIDGEWAY HOUSE, RIDGEWAY STREET, DOUGLAS, IM99 1PY, ISLE OF MAN
Tel:
Work 01624 690 300
Fax:
Fax 01624 690 333
Email:
Web:
www.simcocks.com
Douglas, London

Isle of Man

Banking and finance
Banking and finance - ranked: tier 2

Simcocks

The banking and finance offering at Simcocks is known for its ‘excellent knowledge, great practical advice, swift turnaround times and a willingness to get involved in the details of every transaction’. Recent highlights for the group include Amy Coole advising a major bank with regard to its entry into a deed of accession to a loan arrangement by an Isle of Man company, and assisting an existing client with the amendment and restatement of a high-value facility agreement. Also notable is practice head Alex Spencer, who ‘understands issues very quickly and wields a proactive approach’; he teamed up with associate Peter Chemaly to represent an international bank as security trustee in relation to senior and mezzanine loan facilities provided to a local company as an acquisition vehicle. Notable clients include Barclays, Goldman Sachs, Macquarie and Santander.

Leading individuals

Alex Spencer - Simcocks

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Commercial property
Commercial property - ranked: tier 2

Simcocks

Irini Newby spearheads Simcocks' commercial property offering, which boasts a diverse client base of tenants, landlords, corporates and financial institutions. In recent highlights, she acted for an international company in the development of its new headquarters in Douglas, and she was instructed to handle the acquisition of a hotel on the island for a client who also took over a tourist business, which required Newby to advise on public liability insurance and licensing issues. The firm has also undertaken schedules of dilapidation, surrenders, and several technical leasing mandates pertaining to office and retail assets.

Leading individuals

Irini Newby - Simcocks

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Corporate and commercial
Corporate and commercial - ranked: tier 3

Simcocks

Simcocks ‘is very responsive, technically excellent and commercial’ and clients appreciate that the firm’s corporate and commercial experts ‘deal with the Isle of Man aspects of transactions in a professional and autonomous manner’. Practice head Amy Coole acted for the seller in the acquisition of a local trust and company service provider by a competitor, and ‘excellent team player’ Alex Spencer collaborated with advocate Sarah Wolter to advise a company on the transfer of different classes of shares from its largest shareholder to select individuals. Clients also recommend Irini Newby, advocate Kevin O\'Loughlin, who ‘gives strong technical advice’, and the ‘friendly, responsive and always helpful’ Peter Chemaly.

Leading individuals

Irini Newby - Simcocks

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Dispute resolution
Dispute resolution - ranked: tier 2

Simcocks

According to one client, Simcocks ‘stands head and shoulders above the crowd’; it acts for both claimants and defendants in multi-party commercial disputes, as well as in court applications in the context of schemes of arrangement and takeover proceedings. Practice head Christopher Arrowsmith ‘is excellent, knowledgeable, highly experienced in trust litigation and someone you want to get involved on your side’. He is currently acting for one of the defendants in a multi-million-dollar quantum claim concerning the design and storage of high-value computer components, while advocate Elizabeth Simpson is representing an international life insurance company in a multi-jurisdictional group action pertaining to insurance and regulatory law issues. The practice was boosted by the arrival of advocate and English solicitor Rebecca Paterson from Hill Dickinson LLP in Liverpool. Advocate Caroline Jennings, who ‘is an excellent non-confrontational communicator’ and heads the firm’s family law practice, is also noted.

Leading individuals
Next generation lawyers

Caroline Jennings - Simcocks

Elizabeth Simpson - Simcocks

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Employment
Employment - ranked: tier 2

Simcocks

Simcocks ‘is able to provide an approachable, expert and professional service’ in the context of sensitive employment litigation, executive severance negotiations and pension schemes, among other issues. Irini Newby spearheads the practice with ‘extensive knowledge and real experience’. The firm acted for both claimants and defendants in constructive dismissal claims – one of which involved serious allegations of data mismanagement – and Newby led the advice to a local company on its obligations towards its employees following a serious and traumatic accident at the workplace. Advocate Winston Taylor has substantial expertise in the immigration space and regularly represents high-net-worth individuals and companies in complex and challenged entry cases.

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Insurance and pensions
Insurance and pensions - ranked: tier 3

Simcocks

Simcocks fields a ‘very professional and helpful’ insurance offering led by David Spencer, who specialises in insurance transfer schemes and contract issues. Clients recommend Kevin O’Loughlin, who assisted an Isle of Man holding company with the creation, sponsoring and regulatory approval of a group pension scheme. On the insurance side, Elizabeth Simpson is currently acting for an international life assurance company in a high-value fraud and misrepresentation claim against the directors of a now-defunct fund company. In other highlights, Phil Games led the advice to a private client with regard to the creation of an international private pension plan which is awaiting regulatory approval.

Leading individuals

David Spencer - Simcocks

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Investment funds and capital markets
Investment funds and capital markets - ranked: tier 2

Simcocks

Simcocks provides ‘excellent responses to queries in a clear and concise manner’ through its ‘friendly, responsive and always helpful’ team led by Peter Chemaly. The team has a strong track record of establishing a wide range of investment structures on the Isle of Man, handling the promotion and distribution of funds and advising clients on the regulatory issues concerning the administration of their companies and structures. Associate Kevin O\'Loughlin is ‘pleasant to deal with’ and is a key name to note alongside director Alex Spencer, who continues to represent RDI REIT – an LSE-listed entity – in the full gamut of investment matters.

Next generation lawyers

Peter Chemaly - Simcocks

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Private client, trusts and tax
Private client, trusts and tax - ranked: tier 1

Simcocks

Associate Kevin O’Loughlin is ‘a leading trusts practictioner on the Isle of Man’ and plays a key role in Simcocks’ team, which ‘is able to meet tight turnaround times without sacrificing its ability to provide sound, pragmatic and well-reasoned advice’. The group is currently advising an Isle of Man-regulated trustee which owns a landed estate in the UK on tax liability issues, and the highly recommended Amy Coole assisted a wealth management company with the conversion of an existing structure into a private trust company. On the contentious side, Christopher Arrowsmith collaborated with O’Loughlin to defend the beneficial owner of an Isle of Man company who sought to transfer its shares to her in order to wind up the structure; this was challenged by the shareholders, who applied for the court’s directions. Phil Games spearheads the offering and is also a name to note.

Leading individuals

Amy Coole - Simcocks

Phil Games - Simcocks

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Shipping, aviation and space
Shipping, aviation and space - ranked: tier 2

Simcocks

Simcocks fields a shipping offering with experience in the cross-border acquisition and disposal of vessels, financing of shipping companies and buildings, litigation, and matters relating to 'super' or 'mega' yachts. On the aviation side, clients engage the group to advise on aircraft leasing and mortgages, security law documentation and financing transactions. The names to note are Amy Coole, Irini Newby and Elizabeth Simpson.

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Further information on Simcocks

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Isle of Man

Offices in Douglas

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