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Keystone Law | Isle of Man | 21 Apr 2022

Is litigation funding legal in the Isle of Man?

The question of the legality of litigation funding has very rarely come before the Isle of Man High Court of Justice and uncertainty remains as to…
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Keystone Law | Isle of Man, United Kingdom | 3 Mar 2022

Going Hands-Free: Autonomous Driving in the Isle of Man

On 26 January 2022, the Law Commission of England and Wales and the Scottish Law Commission published a joint report recommending new laws to…
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Macfarlanes LLP | Bermuda, Cayman Islands, Guernsey, etc. | 22 Jul 2021

Economic Substance - extension to partnerships

At the end of 2018, various jurisdictions introduced economic substance legislation, requiring certain entities to demonstrate “substance” in the…
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Cains | Isle of Man | 1 Jul 2021

An update on the Companies (Amendment) Bill 2020.

On 15 June 2021 the Companies (Amendment) Act 2021 (the “Act”) received Royal Assent. The purpose of the Act is to address two primary…
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Cains | Isle of Man | 23 Jun 2021

Isle of Man Economic Substance Rules extends to Partnerships and LLC’s.

Isle of Man Economic Substance Rules now extends to Partnerships and LLC’s following Tynwald’s approval of The Income Tax (Substance Requirements)…
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Cains | Isle of Man | 23 Jun 2021

Enforcement of lending beyond COVID-19.

The last year has seen many financial institutions implement a period of ‘moratorium’ in respect of the enforcement of lending in default. Instead…
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Taylor Vinters LLP | Isle of Man | 20 Jul 2020

Isle of Man: How Isle of Man employers have adapted to the changes caused by COVID-19

Following lockdown measures implemented in March 2020 by the Isle of Man Government, all businesses with the exception of essential businesses (e.g…
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Morgan & Morgan | Cayman Islands, Global, Guernsey, etc. | 13 Aug 2019

Regulations on Accounting Records for offshore companies

In order to comply with the international guidelines regarding corporate transparency, the government of Panama enacted Law 52 of October 27, 2016 in…
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Macfarlanes LLP | Bermuda, British Virgin Islands, Cayman Islands, etc. | 28 Jun 2019

Economic substance - application to trust structures

At the end of December 2018, several offshore jurisdictions including Bermuda, the British Virgin Islands (BVI), the Cayman Islands and the Crown…
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McDermott Will & Emery | Bermuda, British Virgin Islands, Cayman Islands, etc. | 19 Feb 2019

The Economic Substance Requirements

In order to address concerns raised by the EU Code of Conduct Group, a number of jurisdictions have recently taken steps to meet the European Union's…
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