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Insolvency law in the Isle of Man has failed to be reformed on different occasions in the last twenty years in spite of Government initiatives.

The Isle of Man's Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Italian Republic entered into force on 10 June 2015.

On 6 March 2014, Mann J placed Gulldale Limited into administration in England.

Fast and reliable Internet access is the backbone of modern business. Here in the Isle of Man it provides the platform for companies to offer specialised, value-added financial services on a global basis. In the process, the Island has become a recognised centre of excellence for advanced business technology – so much so, that it has been used successfully as a test-bed for several state-of-the-art IT products.

New Chief Minister, Tony Brown, says his administration is committed to continuing the broad economic policies that have made the Isle of Man one of the most successful financial centres attracting global business.

Although he passed away earlier this year at the age of 87, the affairs of Albert Gubay have not been laid to rest

In recent years the Isle of Man Courts, in common with their counterparts in many other jurisdictions, have demonstrated a strong desire for parties in litigation to attempt to resolve their issues by means other than litigation, most notably mediation.

The recent Jersey case of In the matter of the C Trust (2012) is a reminder to all trustees of the importance of ensuring they undertake a proper decision making process.

The Isle of Man has always prided itself on being a good corporate neighbour – ‘cooperation’ and ‘participation’ being the Government’s watchwords when operating in the global business arena, and this approach has been a highly successful one.

On 18 July 2016, ESMA published its advice to the European Commission on whether the AIFMD passporting regime should be extended to the Isle of Man and certain other non-EU countries.

A Memorandum of Understanding between India and the Isle of Man has been signed at the recent high-profile annual Confederation of Indian Industry (CII) conference, held in London in June.

The Isle of Man funds industry has been the subject of a recent high level review to identify how the Island can continue to expand the size and increase the quality of the business.

Companies incorporated in jurisdictions outside the Isle of Man may be able to enjoy the many benefits that the Isle of Man has to offer through the process of redomiciliation.

A report published by Ernst & Young provides further evidence of the Isle of Man’s positive contribution to the global economy and describes the Island as a key commercial partner.