The expectation is that the EU sanctions regime will cease to apply to the UK following any Brexit. We have worked with the Litigation team at Cains on various matters, some of which have involved very complex questions of law. Isle of Man > Insurance and pensions Cains is a popular choice for multinational insurers, with expertise in transactional work, regulatory compliance and dispute resolution. Cains is an internationally renowned independent offshore law firm providing expert legal services in the Isle of Man. Both agent and trust concepts are recognised in the Isle of Man in substantially the same way as they are under English law. Cains Advocates Limited Fort Anne, Douglas, Isle of Man, IM1 5PD, Isle of Man × Scott Leonard-Morgan. A man who gave a false name to border officials after returning to the Isle of Man has been jailed for six weeks for breaking Manx Covid-19 laws. Her main areas of expertise are listed as anti-money laundering, fraud, white collar crime and regulatory matters. They’re good academic lawyers but client-focused too, and I think that makes them stand out. Staff at Cains can be relied upon for their expert technical skills, but are also very responsive to and invested in their clients. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. Cains corporate trainee called to the Manx Bar. Such a lender will not need to be licensed, qualified or otherwise entitled to carry on business in, or otherwise registered with any governmental or other authority of, the Isle of Man. Alex is a Managing Associate and head of Cains’ Property team with almost 25 years’ experience in commercial property in the UK and Isle of Man. If you disable this cookie, we will not be able to save your preferences. Alex Poole-Wilson leads the team and advises on transactions, financing and property management matters. They are comprised of highly experienced lawyers, often with City experience. AIM) in the UK, or on any stock exchange in the Channel Islands or the Isle of Man. Its precise date of founding is not certain, but the firm claims to be over 100 years old. Consequently, there are no structures commonly used in this jurisdiction as an alternative to the trust structure. Standard Bank Isle of Man Reveals Strong Half-Year Results. They have a very commercial and collegiate approach and will always go the extra mile to ensure that matters are completed on time and consistently demonstrate a very strong understanding of the relevant law and its practical application to the transaction. Our expert team of legal specialists work across various disciplines advising clients from around the globe on Banking and Finance, Corporate and Commercial, … Have only just found this site, and am impressed by the number of US decendants, and mightily disappointed by the lack of UK and especially Isle of Man correspondents. Established in 1899 and headquartered in the Isle of Man, Cains is a leading independent offshore law firm at the forefront of maintaining the Isle of Man as a premier international finance centre. Cains supports KPMG IOM in the creation of new Crown Dependencies practice. Cains is an internationally renowned independent offshore law firm providing expert legal services in the Isle of Man. Oct 4, 2019. There are no statutory restrictions under Manx law that would prevent a corporate borrower in the Isle of Man granting security or guarantees to foreign lenders, although with regard to the latter, similar considerations of corporate benefit will apply as they do under English law, particularly where a borrower is giving an “upstream” or “cross-stream” guarantee to a lender (whether domestic or foreign). The purpose of this DNA project is to research the origins of six Manx families of Norwegian Viking descent that originated in the Isle of Man, namely the, Keig, Skaggs, Cain(e), Cormode, Curphey & Cretney families. Cains For some, ' the strength and depth of the dispute resolution team in Cains is unrivalled in the Isle of Man '. We provide both international and domestic clients with a focused insight into the world of offshore law. Cains’ Corporate team advises on sale of IOMA Group. AIM) in the UK, or on any stock exchange in the Channel Islands or the Isle of Man. CAINS ACHIEVES TOP-TIER RANKINGS IN THE LEGAL 500 UK. Start This article has been rated as Start-Class on the quality scale. Contact Details Chambers and Partners No.3 Waterhouse Square 138 Holborn London, United Kingdom EC1N 2SW View in maps Independent advice centred around our clients’ needs, allows us to deliver the very best commercially driven solutions, throughout every stage of the legal process. Such mechanisms will be set out in the facility agreement, which will usually provide that an existing lender may assign any of its rights or transfer by novation any of its rights and obligations to a new lender (an LMA style loan agreement will include schedules containing a form of transfer certificate and assignment agreement). The lawyers at Cains understand the commercial imperatives to which their clients are subject and strive to provide solutions to legal problems rather than simply reciting the law. You can find out more about which cookies we are using or switch them off in settings. They are a quality team with extensive experience and they are always able to offer an efficient and practical solution to the matter at hand. Stuart Foster Financial Controller & Investor at Pure The Winery Isle of Man… The City Code is based upon six General Principles, which are applied by the Panel in accordance with their spirit in order to achieve their underlying purpose, and also contains a series of rules. You can manage your cookie preferences or find out more by referring to our cookie policy. Frequently handles matters for national and international financial institutions and corporates operating in a range of key business areas. Practice head Tim Shepherd is highly skilled in the aforementioned areas and is very strong in multi-jurisdictional matters having previously worked in London and Bermuda. Assignments and novations under Manx law operate in the same way as under English law (with regard to the former, the relevant Manx statute governing assignments is based on section 25(6) of the Supreme Court of Judicature Act 1873 in England, which is the forerunner of section 136 of the Law of Property Act 1925 in England). Restrictions on Foreign Lenders Granting Loans. They are a very professional, reputable firm full of advocates that can be relied upon to give good legal advice. You can manage your cookie preferences or find out more by referring to our cookie policy. Cains Advocates has been named as Law Firm of the Year in the Isle of Man at the Citywealth International Financial Centre Awards. Civil Legal Aid Isle of Man Courts of Justice Deemsters Walk Douglas Isle of Man IM1 3AR Telephone:+ 44 1624 685977 legalaid.treasury@gov.im - that reads as follows; legalaid [dot] treasury@gov [dot] im Profile. Impressive corporate and finance outfit advising on market-leading transactions. Cains supports KPMG IOM in the creation of new Crown Dependencies practice. as full or restricted deposit takers) and other lenders regulated by the Isle of Man Office of Fair Trading are required by Manx law to ensure that the proceeds of loans made by them are not applied in a manner that would contravene Manx law in relation to matters such as financial sanctions. Investec Bank launches its new Isle of Man Office. Much of the lending to Isle of Man corporates is by UK, Irish and other European banks, which in each case will need to comply with their own domestic regulatory obligations regarding financial sanctions, anti-bribery and corruption and AML/CFT regulations. Solicitor - non-practising Admitted as a solicitor 01/11/84. Keeping this cookie enabled helps us to improve our website. Education The College of Law, Chester Legal Practice Course. Sep 27, 2019 The Isle of Man Government’s policy with regard to financial sanctions is to maintain the lists of those affected so that they correspond to those adopted by the UK (and by current association those adopted by the UN and the EU). Have only just found this site, and am impressed by the number of US decendants, and mightily disappointed by the lack of UK and especially Isle of Man correspondents. Independently offshore. Restrictions on the Borrower’s Use of Proceeds. Cains is one of the Isle of Man’s principal commercial law and professional services providers, with operations in the Isle of Man and London. Cains is an internationally renowned independent offshore law firm providing expert legal services in the Isle of Man. Such sanctions can, among other things, limit the provision of certain financial services to specific individuals or entities, and also target those persons and organisations involved in international terrorism. There are no Isle of Man law restrictions that prevent a foreign lender from making a loan to a company incorporated in the Isle of Man (whether such company is governed by the older Manx companies legislation, contained in the Isle of Man Companies Acts 1931-2004, or by the more modern regime principally set out in the Companies Act 2006). Established in 1899, Cains is the leading independent Isle of Man law firm at the forefront of the Isle of Man’s development as … As the transferee of all or part of the existing loan to a Manx corporate borrower, the new lender will typically become a “secured party” for the purposes of the finance documents and, as a result, benefit from the security (including any Manx law security) granted to the security agent/trustee, which is being held on trust for such parties. The project was originally established to research the Keig family. When it comes to more complex matters, from our experience Cains are the go-to firm who give us confidence with their professionalism and expertise. Solicitor Admitted as a solicitor 15/10/03. They are very responsive, deliver on our demanding requirements on local counsel and are able to understand the interplay between the various jurisdictions and transaction documents across a deal – not just the Manx law piece. Cains is one of the largest and oldest law firms in the Isle of Man.Its precise date of founding is not certain, but the firm claims to be over 100 years old. Tara left DQ in April 2020 to join Cains Advocates Limited. The development of the law in the Isle of Man has not followed the same course and no equivalent to the Law of Property Act 1925 or the Insolvency Act 1986 exists. Therefore, at least in relation to any Manx law governed security, there is no question of new security having to be granted, thereby resetting hardening periods and jeopardising the priority of security. Cambridge University (King’s College). If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks. Cains has provided the Isle of Man chapter to the guide and below is an excerpt of the section relating to Isle of Man structuring and documentation considerations. Cains Advocates Limited Overview. charges over shares in Manx obligors, charges over local bank accounts and assignments of subordinated intra-group debt governed by Manx law). Likewise, in respect of a facility agreement governed by Isle of Man law, the main transfer methods would be assignment and novation. Peter Clucas jointly leads the practice and is a key name in the market for insolvency disputes, while fellow practice head Robert Colquitt focuses on trusts disputes, fraud and asset tracing. Craig Anderson, of … As the largest of the independent advocate firms on the Isle of Man, Cains has retained a strong sense of personal relationships with clients, coupled with good technical knowledge. Keeping this cookie enabled helps us to improve our website. As a matter of Manx law, an Isle of Man-based borrower and a lender (whether located inside or outside of this jurisdiction) are free to contractually agree such buy-back terms in their loan agreements. University of Warwick ... CEO at Isle of Man Law Society Isle of Man. The City Code on Takeovers and Mergers (the “City Code”) is issued and enforced by the Panel on Takeovers and Mergers (the “Panel”), and applies to all offers for companies that have their registered offices in either the UK, the Channel Islands or the Isle of Man if, among other things, any of their securities are admitted to trading on a regulated market (e.g. Our expert team of legal specialists work across various disciplines advising clients from around the globe on Banking and Finance, Corporate and Commercial, Employment and Data Protection, Litigation, Property, Regulatory, Restructuring and Insolvency legal matters. Experience. Director at: Cains Advocates Limited Fort Anne, Douglas, Isle of Man, IM1 5PD, Isle of Man × Michael John Pinson. Cains is an internationally renowned independent offshore law firm providing expert legal services in the Isle of Man. We are always confident of receiving a first class service for ourselves and our clients. Cains Advocates is one of the largest and most established law firms in the Isle of Man, employing approximately 30 lawyers, many of whom have experience of working in the worlds leading financial centres. Under English law LMA syndicated loan agreements, it is possible for the option of debt buy-back by the borrower or sponsor to be included. 2005 to date – Cains, Isle of Man; 2003-2005 – Dickinson Cruickshank, Douglas, Isle of Man; 1997-2003 – Denton Wilde Sapte, London; Memberships. Please enable Strictly Necessary Cookies first so that we can save your preferences! We use cookies to optimise site functionality and give you the best possible experience. Cains Advocates Limited, Fort Anne, Douglas, Isle of Man IM1 5PDT: +44 1624 638300E: law@cains.com, © Cains Advocates Limited 2020 - All Rights Reserved. Worldwide Law Firms Worldwide Lawyers. Tristan is a Director and joint head of Cains' top tier Corporate and Commercial team. The guide provides comprehensive coverage of loan markets, tax considerations, guarantees and security, enforcement and project finance. Isle of Man litigation specialist, advocate Lindsey Bermingham has joined Douglas law firm Cains as a director. This means that every time you visit this website you will need to enable or disable cookies again. We provide both international and domestic clients with a focused insight into the world of offshore law. Peter is Cains’ Managing Director and head of our top tier Litigation team. If you disable this cookie, we will not be able to save your preferences. Oct 4, 2019. There are no foreign currency restrictions or controls in existence in this jurisdiction in relation to the exchange and remittance of sterling or any other currency from the Isle of Man, nor is there any legislation in place whereby such controls may be imposed. Peter Clucas jointly leads the practice and is a key name in the market for insolvency disputes, while fellow practice head Robert Colquitt focuses on trusts disputes, fraud and asset tracing. Isle of Man Law Society. They’re technically sound without overcomplicating matters. The firms origins can be traced back for more than a century. He has been repeatedly recognized as a leading practitioner in the Isle of Man and regularly advises clients on strategy and … Isle of Man recognised with three industry award nominations this year. 2010 - 2011. Their technical knowledge has been, as expected, excellent but what has really impressed us is that this technical knowledge comes wrapped in a complete package of responsiveness, commerciality and measured pragmatism where needed. The purpose of this DNA project is to research the origins of six Manx families of Norwegian Viking descent that originated in the Isle of Man, namely the, Keig, Skaggs, Cain(e), Cormode, Curphey & Cretney families. Cains from the Isle of Man By genealogy.com user December 14, 1999 at 09:54:04. First published in Chambers and Partners Banking & Finance 2019 Second Edition, the definitive global law guide offering comparative analysis from top ranked lawyers. Cains from the Isle of Man By genealogy.com user December 14, 1999 at 09:54:04. The guide also highlights key centres for Islamic finance. Other key names include Tim Shepherd, who is a key name for real estate finance mandates, and Stephanie Chew. Click here for the full Isle of Man Chapter prepared by Cains. The accolade recognises Cains as a winner that has “excelled in achievement, innovation, expertise and service”. Cains Advocates is one of the largest and most established law firms in the Isle of Man, employing approximately 30 lawyers, many of whom have .. Add an external link to your content for free For some, ‘ the strength and depth of the dispute resolution team in Cains is unrivalled in the Isle of Man ‘. Practice head Jonathan Latham handles transactional work and is notably strong in multi … Click here to view the complete Chamber and Partners Banking & Finance 2019 Second Edition. It was the first Isle of Man law firm to have a permanently staffed London office. Sep 27, 2019. Cains is one of the largest and oldest law firms in the Isle of Man. The lawyers at Cains understand the commercial imperatives to which their clients are subject and strive to provide solutions to legal problems rather than simply reciting the law. Geoff is a Manx Advocate with a practice that includes a wide range of Isle of Man corporate and structured finance work. Head of Cains’ Insurance and Pensions Department Isle of Man (Ranked Tier 1, Legal 500) Who’s Who Legal 100 (leading practitioner for the Isle of Man) Corporate International’s Magazine’s Global Award: Pensions Law Firm of the Year (Isle of Man) 2014, 2015 and 2016. Invariably they will be able to support our needs, and provide an excellent service. Education The College of Law, Chester Legal Practice Course. The Fraudulent Assignments Act 1736 therefore remains on the statute book having been neither repealed nor modified by any legislation enacted by the Island's government since. Stuart Foster. The project was originally established to research the Keig family. Established in 1899, Cains is the leading independent Isle of Man law firm at the forefront of the Isle of Man’s development as one of the world’s most respected international financial centres. Law Society of England and Wales. The depth of resources provided enables us to approach Cains for a variety of tasks. For the sake of completeness, in addition to such an assignment or novation, the commercial risk of an existing loan could be transferred to a new lender by means of sub-participating the same or entering into certain types of derivative contract (including a total return swap). Cains provides Isle of Man legal expertise to our international and domestic clients and regularly co-ordinate the provision of advice and the management of multi-jurisdictional transactions. Isle of Man’s only children’s theatre company receives support from Cains. Cains Advocates Limited Overview. Stuart Foster Financial Controller & Investor at Pure The Winery Isle of Man. Careers Chambers' Careers Student & Associate Student Associate. Restrictions on Granting Security to Foreign Lenders. After studying law at Cambridge and the College of Law, London, he worked in London on major property transactions for over 10 years before moving to the Island and joining Cains in 2005. Lindsey is currently acting as local counsel for AIM listed company HIRCO plc in high court proceedings in the Isle of Man. This article is within the scope of WikiProject Isle of Man, a collaborative effort to improve the coverage of the Isle of Man on Wikipedia. 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