The last twelve months have seen a steady stream of new admissions to the AIM Market. A growing number of new applicants have been Isle of Man companies, which suggests that an increasing number of businesses are realising the advantages of using an Isle of Man vehicle to access the AIM Market.

For those who attended the STEP Isle of Man annual conference on 14 October 2022, you will have heard Isle of Man Senior Associate Erin Trimble-Cregeen, together with Partner Jared Dann from Appleby Jersey...

"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 Isle of Man's reputation for attracting high calibre captive business has been further enhanced with the rolling out of new legislation governing solvency requirements.

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.

The Isle of Man Financial Supervision Commission (FSC) has issued a consultation in relation to proposals to create a specific regulatory regime to facilitate crowdfunding activity.

Much has previously been written about what may constitute an unenforceable contractual penalty clause.

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.

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.

Conversations are taking place across the globe regarding women in business, particularly on boardroom representation and the gender pay gap.

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.

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