Offshore Britain - Isle Of Man

Appleby

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The corporate group at Appleby advises on all aspects of corporate and commercial work in the Isle of Man and abroad. The team undertakes some of the market’s most complex multinational transactions across a number of key sectors, while also providing advice on reorganisations and regulation. Kyle Sutherland regularly acts on significant corporate and capital market matters on both the Isle of Man and British Virgin Islands. Juan Thornley leads on complex transactional and advisory work with a particular focus on the financial services sector, while Garry Manley has considerable experience with onshore M&A. Recently-promoted counsel Katherine Garrood handles general corporate and regulatory matters in addition to her strong track record in investment funds. Michelle Brook and Sophie Corkish are also key names.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Excellent and practical corporate and regulatory team.’

  • 'I would single out Garry Manley. I take great vicarious satisfaction (but no credit) at how well his career has developed and indeed flourished at Appleby. Garry is the complete package; first class academics, terrific international experience at a blue chip US firm, excellent technical skills, commercial (on both sides of the coin), very personable and has an acute sense of ESG responsibility both locally and beyond.'

  • ‘Juan Thornley is naturally commercial, extremely client friendly and translates complex regulatory issues into business speak effectively. Extremely responsive and my go to for Isle of Man regulatory advice.’

  • ‘Juan Thornley and Katherine Garrood were responsive and gave the timely pragmatic advice we needed to get the deal done.’

  • ‘Efficient and pro-active team - they make our life very easy.’

  • ‘Kyle Sutherland is outstanding - super responsive, super commercial, always in front of any issues and gets the job done with a minimum of fuss.’

Key clients

  • Zurich Insurance Group
  • Peel Group
  • Utmost Group
  • Monument Re Limited
  • Playtech Plc
  • International Financial Group Limited
  • Strix Plc
  • Alvarium Investments
  • Blackfridge

Work highlights

  • Acted as Isle of Man legal advisors to a major private equity fund on the recapitalisation of its pan-European logistics group.
  • Acting for Zurich on the sale of its Singapore life insurance business to Monument Group.
  • Acting as lead counsel to Monument Re Limited on the transfer of the entire insurance business of its Guernsey subsidiary, |Nordben| Life and Pension Insurance Co. Limited, to its Isle of Man subsidiary.

Lawyers

Rising stars

Katherine Garrood

Katherine Garrood

Appleby

Katherine is Counsel within the Corporate department in the Isle of Man, specialising in Isle of Man funds. Katherine regularly provides regulatory advice, including assisting with a number of change of control submissions to the Isle of Man Financial Services Authority for regulated insurance and financial services entities.  She is a member of the data protection team at Appleby and has also acted on mergers and acquisitions, restructurings and listings. Katherine joined Appleby in 2011 and was commissioned as an Isle of Man advocate in 2013 after being awarded a commendation in the Manx Bar Exams. She has previously undertaken a secondment to Appleby’s Guernsey office.

Leading individuals

Garry Manley

Garry Manley

Appleby

Garry Manley is a partner in the Isle of Man office who advises on a broad range of Isle of Man and BVI corporate transactions. He has extensive experience of advising on domestic and cross-border mergers & acquisitions and venture capital/private equity investments, with a particular focus on regulated financial services and insurance businesses. In addition to his M&A practice, Garry is one of the Isle of Man’s leading regulatory lawyers, with a particular focus on insurance companies, banks and corporate service providers. Garry’s insurance work sees him advising many of the Isle of Man’s leading insurance groups and insurance managers on the full spectrum of matters including M&A transactions, portfolio transfers, new authorisations, change of control applications and ongoing business regulation, including solvency issues. In addition to the regulation of traditional sectors, Garry advises on a range of novel and developing regulated industries, including payment services and cryptoassets. He is a pre-eminent thought-leader in respect of the regulated cannabis sector on the Isle of Man and is also distinguished in the area of economic substance, having been the only lawyer on the Isle of Man government’s public-private working group since 2019. He also supports clients in contentious regulatory matters, including regulatory investigations and enforcement proceedings, alongside colleagues in Appleby’s market-leading disputes team. Garry has a first- class law degree from Oxford University, and before joining Appleby he practised for almost a decade as a mergers & acquisitions and transactional private equity specialist in the London, Hong Kong and New York offices of Cleary Gottlieb Steen & Hamilton LLP. In addition to his advisory work, Garry frequently provides input into legislative developments across a broad range of topics. He was closely involved in the development of the Isle of Man’s first merger control regime, and he has also been consulted about legislative developments in the areas of company law, cannabis regulation, economic substance and beneficial ownership.

Kyle Sutherland

Kyle Sutherland

Appleby

Kyle Sutherland advises on both the laws of the BVI and Isle of Man, and specialises in a broad range of offshore corporate law in those jurisdictions, ranging from joint venture work, restructurings, mergers and acquisitions, real estate finance transactions, private placement and listing work. Kyle has been qualified for over 20 years with both onshore and offshore experience. Prior to re-joining Appleby in 2010, Kyle spent several years working in the corporate department of a leading British Virgin Islands law firm, where he was involved in a wide spectrum of cross-border transactions, and was lead lawyer on a number of high-profile deals. Kyle now heads up Appleby’s BVI (GMT) team, servicing clients with BVI legal advice in a European friendly time zone.

Juan Thornley

Juan Thornley

Appleby

Juan Thornley is Partner in the Corporate department with a broad corporate practice. He has extensive experience in M&A, restructuring and regulatory matters, with particular focus on the financial services sector. He heads the Isle of Man Regulatory and Insurance & Pensions teams. He also has a wealth of experience acting on public M&A transactions. Juan is an Isle of Man Advocate, BVI Attorney and a Solicitor of the Senior Courts of England and Wales (non-practising). He is also a Notary Public. In addition to this, he is a member of the Isle of Man’s Bank Resolution and Recovery Technical Advisory Group.

Next Generation Partners

Tom Brook

Tom Brook

Appleby

Tom Brook is Partner within the Corporate department and specialises in advising clients on a wide range of debt finance, equity finance, M&A, and restructuring transactions. Tom spent seven years in the banking and finance teams of two UK based international law firms before moving offshore and joining Appleby in 2011. Tom has experience of advising on domestic and cross-border debt finance transactions, mergers and acquisitions, corporate restructurings and corporate governance issues. His clients include onshore law firms, international financial institutions, listed and private companies and high net worth individuals.

Practice head

The lawyer(s) leading their teams.

Kyle Sutherland, Juan Thornley, Garry Manley

Other key lawyers

Katherine Garrood, Michelle Brook, Sophie Corkish