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DQ Advocates
There are a number of ways in which a Trust may end. This may involve action taken by the Trustees, the Settlor, the Beneficiaries, a third party or the Court.
DQ Advocates
The US Internal Revenue Service has announced (16 February 2017) that avoiding tax by hiding money or assets in unreported offshore accounts remains on its 2017 list of tax scams that it calls...
DQ Advocates
2017 already looks like being a busy year for Tynwald, the Island's parliament, but one of the most important bills likely to be introduced into the House of Keys in the next few weeks...
DQ Advocates
Do you work at senior management level or are you an MLRO or compliance officer within the financial services industry?
DQ Advocates
Following the successful introduction of ‘failure to prevent' offences in the areas of bribery and tax evasion, the UK government is priming another possible corporate offence with a call for evidence launched on 13 January 2017, to end on 24 March 2017, on ‘corporate liability for economic crime'.
Simcocks
Under the Manx and UK copyright legislation it is not an infringement of a design document to make industrially articles in accordance with the design which are not themselves artistic works, including works of artistic craftsmanship.
DQ Advocates
A 2016 case has marked a departure by the Courts from the usual standard of care imposed upon a financial advisor when advising clients.
DQ Advocates
There is currently, and rightly, much focus on mental health problems and illnesses such as Alzheimer's disease and other cognitive disorders.
DQ Advocates
During the lifetime of the Trust, it is likely that the Trustee will receive requests for information about the Trust, or its administration, from a beneficiary.
Information Management Solutions Limited
Passports have become a commodity.
DQ Advocates
When considering a request by a beneficiary for a distribution from a Trust Fund, a Trustee should first ensure that they have power under either the terms of the trust instrument...
DQ Advocates
In December 2015, Tynwald approved an Order to bring the Disability Discrimination Act 2006 (the "Act") into force.
DQ Advocates
In December 2015, Tynwald approved an Order to bring the Disability Discrimination Act 2006 (the "Act") into force.
DQ Advocates
Senior Associate Leanne McKeown addressed the ACSP's packed AGM at the end of October on the topic of "Employment Law Developments – Equality and Whistleblowing".
DQ Advocates
Isle of Man trusts may continue for a number of years, (and indeed in perpetuity following the Trusts Amendment Act 2015), during which time it may be necessary for a change in trustees.
Simcocks
The use of hyperlinks to access third party websites is such a common part of internet communication that it is hard to imagine that they might give rise to a claim of infringement of copyright in material on the site being accessed.
DQ Advocates
Once appointed, a Trustee is subject to a number of duties. A Trustee's overriding duty is to act in the best interests of the beneficiaries of the Trust.
Appleby
A recent judgment highlighted an area of uncertainty in Manx trust law by questioning under what circumstances would the Manx courts be willing to interfere with a trustee's decision which has given rise to unintended consequences.
DQ Advocates
Creating a trust involves more than simply drafting a trust document and arranging for it to be signed.
DQ Advocates
The Isle of Man's first Tax Information Exchange Agreement ("TIEA") case has provided guidance on the position in Manx Law in respect of tax information exchange requests.
Most Popular Recent Articles
DQ Advocates
Following the successful introduction of ‘failure to prevent' offences in the areas of bribery and tax evasion, the UK government is priming another possible corporate offence with a call for evidence launched on 13 January 2017, to end on 24 March 2017, on ‘corporate liability for economic crime'.
DQ Advocates
Do you work at senior management level or are you an MLRO or compliance officer within the financial services industry?
DQ Advocates
2017 already looks like being a busy year for Tynwald, the Island's parliament, but one of the most important bills likely to be introduced into the House of Keys in the next few weeks...
Information Management Solutions Limited
Passports have become a commodity.
Simcocks
Under the Manx and UK copyright legislation it is not an infringement of a design document to make industrially articles in accordance with the design which are not themselves artistic works, including works of artistic craftsmanship.
DQ Advocates
The claim followed the conclusion of two years of litigation (ORD 12/0035 & ORD 12/0034) between the parties in respect of the Bank's contractual claim for amounts owed by TSEL to the Bank pursuant to certain business loans.
Simcocks
A table detailing comparison of Foundations in different jurisdictions.
DQ Advocates
Isle of Man trusts may continue for a number of years, (and indeed in perpetuity following the Trusts Amendment Act 2015), during which time it may be necessary for a change in trustees.
DQ Advocates
The application was brought without notice on the basis that if notice were given there would be a real risk of dissipation of the assets.
DQ Advocates
A 2016 case has marked a departure by the Courts from the usual standard of care imposed upon a financial advisor when advising clients.
Appleby
The Isle of Man's low tax status, political and economic stability and proximity to the key markets of Europe make it a compelling and cost-effective alternative for the domicile of investment funds.
Simcocks
Reforms to Isle of Man trust law are being introduced under the Trusts (Amendment) Act 2015 expected to become operational on June 16 2015.
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