"Put his own interests above those of the company" "Buried his head in the sand" "May not have undertaken their duties in a fit and proper manner" ….

The scheme must represent a genuine compromise by which the members and creditors obtain some advantage that compensates them for the alteration of their rights.

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 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.

With the Companies Bill 2013, which plans to consolidate and update the Isle of Man Companies Acts 1931- 2004 and a proposed new Insolvency Bill in the offing, the time is ripe for reform of the Isle of Man corporate insolvency test, found at section 163(1) of the 1931.

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.

On 1 January 2017 the Financial Services Rule Book 2016 comes into operation. With this will be the requirement on all Isle of Man licence holders to establish, implement and maintain an effective whistleblowing policy.

The launch of the Isle of Man Companies Act 2006 - developed from accepted international business company principles - marks the biggest change in Isle of Man company law for seventy-five years.

The Isle of Man Financial Supervision Commission (the "FSC") has recently issued for consultation a proposed new Company Officers Disqualification Bill (the "Bill").

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

Before the Foreign Companies Act 2014, companies incorporated outside the Isle of Man carrying on business in the Island were registered under Part XI of the Companies Act 1931.

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.

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.

The Isle of Man has published its latest sectoral risk assessment for Trust and Corporate Service Providers (TCSPs), confirming that the sector’s money laundering risk remains rated Medium High. The assessment highlights strengthened regulatory controls, ongoing AML obligations and the importance of risk management across the Island’s international financial services sector.