Each case will be decided on its merits, however, the following sets out the general principals. Business assets, whether in the form of shares in a limited company, interest in a partnership or LLP, or those of a sole trader, will be considered part of the relevant assets of the relationship alongside other property or investments. [...]
Unfair Dismissal An employee has the right to not be unfairly dismissed. It is for the employer to show the reason for an employee’s dismissal and that it was justified. An employee does not have to prove that he or she was unfairly dismissed. A claim for unfair dismissal may not normally be brought if an [...]
The Isle of Man Government’s Department of Economic Development has recently has recently announced that it is seeking Tynwald’s approval for the relaxation of work permit controls in the ICT (Information Communications Technology), e-Business and e-gaming sectors. E-Business and e-Gaming have become a key part of the Isle of Man’s economy and there is a current [...]
The Isle of Man financial Services Authority and the Isle of Man Office of Fair Trading have recently issued a consultation on crowdfunding which included consultation on other legislative changes. These other legislative changes centre around proposed changes to the Regulated Activates Order, Financial Services (Exemptions) Regulations and Financial Services (Fees) Order. One of these changes [...]
Often, as a cost saving device, Advocates and legal advisors on request give corporate service providers and other clients a selection of precedents suitable for the establishment and management of trusts. A precedent is selected by the administrators which they imagine is required, names are added, some changes may be made to reflect particular needs, wishes [...]
Article originally posted on 24 October 2016 Why Make a Will? A Will is a legal document that allows you to direct what should happen to your estate after your death. It ensures that your possessions are given to your loved ones in accordance with your wishes. A Will gives you the opportunity to: Name [...]
Article originally posted on 24 October 2016 Frequently Asked Questions The loss of a loved one always has devastating effects. Add to that funeral arrangements, application for death certificate, coping with the loss yourself and on top of all that’ you are presented with a whole heap of papers, forms and questions by asset [...]
