Ethical Structured Company
In response to a growing aspiration for individuals and families to invest and work in an ethical manner, IQE Limited (now taken over by Boston Limited) and MannBenham have collaborated to establish a structure which can be used for a range of ethical purposes including Shariah compliance, ‘green’ social impact investment and philanthropy - the new [...]
Doing business in the Isle of Man
When moving forward with any business idea, forward planning and difficult decision making are needed at an early stage and good quality, expert legal advice is required at an early stage. The right advice will help you strategically and commercially and ensuring the right decisions are made at the start of a venture ensures that pitfalls [...]
Isle of Man Corporate Insolvency
I Insolvency Law, Policy & Procedure i Statutory Framework and Substantive Law Insolvency law on the Isle of Man is governed primarily by the following legislation: The Fraudulent Assignments Act 1736 Preferential Payments Act 1908 Preferential Payments and Other Acts (Financial Adjustments) Act 1973 Companies Act 1931-2004 Companies Act 2006 The primary legislation [...]
Isle of Man Foundations
What is a Foundation? A foundation is an incorporated legal entity, which whilst sharing some similar aspects with limited companies and trusts, has some distinguishing features. A foundation has a separate legal personality and as such is capable of holding assets for its objects, and is capable of suing and being sued and prosecuted. However, by [...]
Rectification of Trust Documents: all may not be lost.
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 [...]
Enforcement of Overseas Judgments
Enforcement of overseas judgments from courts of other jurisdictions are enforced in the Isle of Man using either: The Judgments (Reciprocal Enforcement)(Isle of Man) Act 1968 (“the Reciprocal Enforcement Act”); or The Common Law. The Judgments (Reciprocal Enforcement)(Isle of Man) Act 1968 (“the Reciprocal Enforcement Act”) The Reciprocal Enforcement Act applies in respect of money judgments [...]
Beneficial Ownership | Media Release
Advocate Paul Beckett presents paper on beneficial ownership at Oxford University Paul Beckett | Senior Advocate | Originally published 20 September 2016 Paul Beckett, Senior Counsel at MannBenham, recently delivered a paper on beneficial ownership at the 107th Annual Conference of the Society of Legal Scholars (SLS), held this year at St Catherine’s College, Oxford. The [...]