Mondaq Offshore - Isle of Man: Corporate/Commercial Law
Dixcart
On 1st January 2019 the "substance-based regime" was introduced into the Crown Dependencies (Guernsey, Jersey and the Isle of Man).
Appleby
At the time of writing, there is still no clarity on if, when or how the United Kingdom (UK) will leave the European Union (EU) and many potential scenarios ranging from an extension to the deadline
Appleby
Strike off action does not reduce or extinguish the liability of any director, officer or member of the company.
Appleby
It is also usual practice for a liquidator to require the shareholder or beneficial owner of the company to provide him with an indemnity in advance of agreeing to be appointed.
Appleby
The Q&A gives a high level overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing,
DQ Advocates
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.
Simcocks
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 ...
Dixcart
The earliest reporting date would be accounting period ended 31 December 2019 and therefore reporting by 1 January 2020.
Dixcart
The Crown Dependencies will shortly be approving new legislation, presented to the three respective Parliaments, to introduce economic substance requirements, for companies incorporated, or resident for tax purposes...
DQ Advocates
"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" ….
Simcocks
Cohabitation agreements can be useful for couples who live together but are not married.
DQ Advocates
DQ Advocates acted as sole Isle of Man legal advisor for GVC Holdings Plc ("GVC") in its successful bid for, and proposed acquisition of, Ladbrokes Coral ("Ladbrokes")...
DQ Advocates
A landmark decision was handed down by the Court of Appeal (England and Wales) on 16 February 2017 in respect of beneficiaries using subject access requests under data protection law ...
DQ Advocates
In the case of X (as Trustee of the A Trust) v Y (as Beneficiary of the A Trust) (unreported) 15 March 2017...
Simcocks
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.
Simcocks
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.
DQ Advocates
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'.
DQ Advocates
During the lifetime of the Trust, it is likely that the Trustee will receive requests for information about the Trust, or its administration, from a beneficiary.
DQ Advocates
When considering a request by a beneficiary for a distribution from a Trust Fund, a Trustee should first ensure that they have power under either the terms of the trust instrument...
DQ Advocates
Isle of Man trusts may continue for a number of years, (and indeed in perpetuity following the Trusts Amendment Act 2015), during which time it may be necessary for a change in trustees.
Most Popular Recent Articles
Appleby
Strike off action does not reduce or extinguish the liability of any director, officer or member of the company.
Dixcart
The earliest reporting date would be accounting period ended 31 December 2019 and therefore reporting by 1 January 2020.
Appleby
It is also usual practice for a liquidator to require the shareholder or beneficial owner of the company to provide him with an indemnity in advance of agreeing to be appointed.
DQ Advocates
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.
Appleby
The Q&A gives a high level overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing,
Appleby
At the time of writing, there is still no clarity on if, when or how the United Kingdom (UK) will leave the European Union (EU) and many potential scenarios ranging from an extension to the deadline
Simcocks
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 ...
DQ Advocates
In the case of X (as Trustee of the A Trust) v Y (as Beneficiary of the A Trust) (unreported) 15 March 2017...
Dixcart
The Crown Dependencies will shortly be approving new legislation, presented to the three respective Parliaments, to introduce economic substance requirements, for companies incorporated, or resident for tax purposes...
DQ Advocates
DQ Advocates acted as sole Isle of Man legal advisor for GVC Holdings Plc ("GVC") in its successful bid for, and proposed acquisition of, Ladbrokes Coral ("Ladbrokes")...
DQ Advocates
A landmark decision was handed down by the Court of Appeal (England and Wales) on 16 February 2017 in respect of beneficiaries using subject access requests under data protection law ...
Simcocks
Cohabitation agreements can be useful for couples who live together but are not married.
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