The Mercury case (R (on the application of Mercury Tax Group and another) v HMRC [2008] EWHC 2721) provided obiter English Law comments in relation to the closing or completion of matters where some of the parties ...

The Isle of Man Trusts (Amendment) Act 2015 (the "Act") brings into force the following three principles: 1. Abolition of the "Two Trustees Rule"; 2. Abolition of the Perpetuity Period going forward; and 3. Certain matters to be determined by governing law under the Trusts Act 1995.

The Isle of Man Companies Act 2006 is undergoing changes that will take effect from 1 April 2025. Under these new provisions, the first appointment of directors, or any subsequent changes to the register of directors...

There are several advantages for using corporate structures, especially those registered in financial hubs such as the Isle of Man.

Trust structures will often involve trustees holding shares in companies; those shares forming part of the trust fund held by the trustees for the benefit of the trust and the beneficiaries as a whole.

The COVID-19 pandemic and associated restrictions place unprecedented difficulties on Isle of Man registered charities holding their Annual General Meeting (AGM).

In a dissolution, property vested in the company would usually be applied to its creditors and then its members so that at the point of dissolution no assets are owned.

As part of its wide-ranging changes to the current non-domicile (non-Dom) regime, the UK government is set to introduce a residence-based regime for both Inheritance Tax and Foreign Income and Gains with effect from 6th April 2025.

This decision demonstrates the benefit of a statutory provision, not limited to a particular set of facts or criteria, as to when and why a receiver should be appointed.

For high-net-worth individuals (HNWIs) and family offices, the choice of jurisdiction is no longer purely a technical or tax-driven exercise.

At times it must be fun being a judge. Last month, Mr Justice Peter Smith, an English judge, found himself telling His Royal Highness Prince Al-Waleed Bin Talal Bin Abdul Aziz Al-Saud – one of the world's richest men – that it is not OK to lie when selling an aircraft. Even when the buyer was Colonel Gaddafi.

The Isle of Man is able to offer an impressive variety of options for institutional and other clients seeking to create or restructure corporate vehicles to minimize risk to, and liability of, underlying assets.

DQ Advocates is a leading Isle of Man-based law firm with an international reach, offering a full range of legal, regulatory and tax services to a local and global client base.

The trend of consolidation in the trust, fund and corporate services sector has shown no sign of abating over the last 18 months.

Following the successful introduction of ‘failure to prevent' offences in the areas of bribery and tax evasion, the UK government is priming another possible corporate offence with a call for evidence launched on 13 January 2017, to end on 24 March 2017, on ‘corporate liability for economic crime'.

The Companies (Amendment) Bill 2020 has passed through Tynwald and has been sent for Royal Assent.

The Isle of Man advocate instructed to act would usually review any transaction documents being entered into by the Isle of Man legal entity from an Isle of Man law perspective.

The Isle of Man's new director notification requirements came into effect on 1 April 2025. Under these new provisions, the first appointment of directors, or any subsequent changes to the register of directors, must be notified to the Registrar of Companies within one month.

In the latest in our Trusts in 2 Minutes series, Donna Matthews looks at protecting protectors.

In an era of increasing global transparency and rapidly evolving tax regulations, the traditional perception of trusts as purely tax planning vehicles is outdated.