Mondaq All Regions - Isle of Man: Corporate/Commercial Law
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.
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.
DQ Advocates
Once appointed, a Trustee is subject to a number of duties. A Trustee's overriding duty is to act in the best interests of the beneficiaries of the Trust.
DQ Advocates
Creating a trust involves more than simply drafting a trust document and arranging for it to be signed.
DQ Advocates
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.
DQ Advocates
Despite the abolition of the Slavenburg register by the UK Overseas Companies (Execution of Documents and Registration of Charges) (Amendment) Regulations 2011 ("the Regulations"), DQ still receive some requests to register charges granted by Isle of Man companies over property in the UK.
DQ Advocates
Following a series of inconsistent judgments, the Supreme Court has set down a new flexible but structured approach to illegality based upon the purpose behind the public policy.
Appleby
It is not uncommon for a settlor to impress upon a trustee the wish that under no circumstances should his family be told anything about the trust he has just settled for their benefit.
Most Popular Recent Articles
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.
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
"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
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.
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.
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
In the case of X (as Trustee of the A Trust) v Y (as Beneficiary of the A Trust) (unreported) 15 March 2017...
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