Financial Services and Private Equity

/Financial Services and Private Equity

Isle of Man’s Banking Renaissance

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Front Page Publication, Funds, Insurance and Pensions (Retirement Benefit Schemes), International|

In a far sighted and at the same time very contemporary reading of the development of the financial services industry, the Isle of Man Government has created an alternative banking regime which came into effect on 1 August 2016.1 The new regime will enable corporations and high net worth individuals to become masters of their own [...]

Isle of Man Corporate Insolvency

By |2020-01-22T20:56:42+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Cell Companies, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Company Law, Corporate and Trust Service Providers, Corporate Governance, Directors’ Duties and the Law and Conduct of Meetings, Corporate Restructuring, Credit Unions, Crowd‐Funding, Designated Business, Dispute Resolution, Financial Services and Private Equity, Front Page Publication, Insurance and Pensions (Retirement Benefit Schemes), Isle of Man Foundations, Joint Ventures and Shareholder Agreements, Mergers and Acquisitions, Purpose Trusts, Sale and Purchase of Businesses, Trust Law, Trust Structures, Trusts, Foundations and Companies|

Insolvency Law, Policy and 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 governing insolvent companies can [...]

Execution of contracts by Isle of Man Companies

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Insurance and Pensions (Retirement Benefit Schemes), Regulatory and Compliance|

When a company is considering entering into a particular business venture considerable time is taken in discussing, negotiating and reviewing the contractual terms in the proposed agreement between the parties. Whilst focusing on key contractual terms of the proposed agreement, often the signing provisions to the agreement to bind the company are overlooked. Failure by a [...]

Changes to the Financial Services (Exemptions) Regulation

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Insurance and Pensions (Retirement Benefit Schemes), Pensions and Insurance|

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 [...]