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Appleby

33-37 ATHOL STREET, DOUGLAS, IM1 1LB, ISLE OF MAN
Tel:
Work 01624 647647
Fax:
Fax 01624 620992
Email:
Web:
www.applebyglobal.com

Faye Moffett

Tel:
Work 01624 647631
Email:
Appleby

Work Department

Corporate partner, Managing Partner of Appleby Isle of Man office

Position

Faye Moffett is the Managing Partner of the Isle of Man office, Group Head of the Corporate department and Team Leader for the Banking and Asset Finance team, in the Isle of Man.

She specialises in general banking and finance transactions, including property finance, aircraft and ship finance matters. She has particular experience in providing opinions on Isle of Man companies and on cross­border security and insolvency issues.  Clients include Isle of Man companies, international financial institutions and international law firms.She is a notary public. 

Some recent examples of representative work include acting: as lender counsel in connection with a USD2.9 billion loan to Amaya Gaming Group Inc and its related companies; for Manx Telecom on its refinancing of the group in connection with its flotation on AIM; in connection with the financing of a major technology firm involving facilities of circa 300m USD advice was required in the Isle of Man and Guernsey.

Career

Qualified as an advocate in the Isle of Man 1997; solicitor of the Senior Courts of England and Wales (non-practising) 1999; admitted as a solicitor of the Eastern Caribbean Supreme Court (British Virgin Islands) 2010. Partner Appleby 2006.

Education

Kingston University, London.


Isle of Man

Banking and finance

Within: Leading individuals

Faye Moffett - Appleby

Within: Banking and finance

For banking and finance work, Appleby ‘is the go-to firm on the Isle of Man’. Managing partner Faye Moffett is ‘a pleasure to work with’ and known for her ‘great people skills’; she recently led on a number of financing transactions in the real estate sector. Kyle Sutherland, who ‘gets the job done and resolves problems effectively’, acted on the lender side of several property development and corporate acquisitions. Also notable are counsel Tom Brook  and Andrew Harding, who provided Isle of Man law advice to an international financial group with regard to a revolving credit facility.

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Commercial property

Within: Commercial property

Clients recommend Appleby for its ‘ability to turn things around quickly and without fuss’ for corporate entities and financial institutions in the purchase, sale and leasing of commercial property on the island. ‘Always approachable’ associate Alexandra Dernie assisted practice head Faye Moffett with the acquisition of the entire issued share capital of a local company which held a number of care homes in the UK on behalf of a holding entity. On the financial side, counsel Tom Brook was part of the team acting for a major bank in its loan to a foreign fund in the context of a high-value, high-profile property acquisition in Douglas. Also notable is Claire Milne, who assisted a local bank with the assignment of a long-term lease for its premises as part of its winding-down proceedings and exit from the market.

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Investment funds and capital markets

Within: Investment funds and capital markets

Clients recommend Appleby’s counsel Tom Brook, who recently teamed up with Kyle Sutherland to oversee several listings on the London Stock Exchange (LSE), such as the listing of Eddie Stobart Logistics on AIM on behalf of Greenwhitestar, an existing investor. Faye Moffett acted for a venture capital firm in its share restructuring, including buy-backs, the issuing of new share classes and increasing its authorised capital capacity; a housing group also engaged her to handle its acquisition of shares in an Isle of Man company. Also notable are Andrew Harding and practice head Simon Harding.

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Shipping, aviation and space

Within: Shipping, aviation and space

Appleby has a strong record advising clients on loan agreements and security documents, leasing issues, and the sale and acquisition of vessels. A team led by practice head Faye Moffett and including counsel Andrew Webb and associate Alexandra Dernie recently acted for a major global bank on the financing of the purchase of an Isle of Man-registered aircraft; counsel Robyn Wood assisted a bank with the ship security and registry issues arising from its merger with a number of its subsidiaries. Notable clients include BNP Paribas, ALM Jet and Bank of Ireland. Senior associate Eleanor Harding is a key name to note within the team.

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