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Isle of Man's TIEA With Italy Now In Force
The Isle of Man's Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Italian Republic entered into force on 10 June 2015.
Isle of Man
24 Jun 2015
Injunctive Relief Against Third Parties: The Chabra Jurisdiction
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.
Isle of Man
30 Apr 2015
Insolvency Update: Court Guidance On Provisional Liquidators' Fees
The Isle of Man High Court issued useful guidance on the procedure and principles applicable to payment of provisional liquidators' fees in a protracted winding up case.
Isle of Man
5 Nov 2014
Unprecedented Global Commitment To Common Reporting Standard In One Day
On 29 October 2014, 51 countries formally signalled their commitment to the Common Reporting Standard ("CRS") by signing a multilateral competent authority agreement to automatically exchange information based on Article 6 of the OECD’s Convention on Mutual Administrative Assistance in Tax Matters.
Isle of Man
30 Oct 2014
DQ Beats George Osborne In Isle of Man Court
After a long-running litigation in the Isle of Man, DQ’s client, Paracale Gold Limited ("PGL") succeeded in its claim against George Michael Osborne ("Mr Osborne").
Isle of Man
27 Oct 2014
OECD Releases Common Reporting Standard
The OECD has released the full version of a new global standard for the exchange of tax information between jurisdictions.
Isle of Man
25 Jul 2014
IOM Court's Guidance On Winding Up Insolvent Companies
In the recent case of Lombard Manx Limited v The Spirit of Montpelier Limited (CHP 2014/23), the Isle of Man High Court considered the law in respect of when a creditor will be entitled to a winding up order "virtually as of right" against a defaulting debtor.
Isle of Man
19 Jul 2014
Bring Back The Adequate Consideration Defence
In a surprising move, the Isle of Man abolished the "adequate consideration" defence in its anti-money laundering legislation after the IMF identified the defence as a weakness in the Island's legislation.
Isle of Man
13 Feb 2014
Isle Of Man Court Issues Request To English High Court For Administration Of Manx Company
On 9 January 2014, His Honour Deemster Doyle (the Isle of Man's Chief Justice) issued his judgment in the case Capita v Gulldale.
Isle of Man
24 Jan 2014
Isle Of Man Signs Landmark Agreement With United States
A landmark agreement on sharing tax information was signed on Friday 13 December by the Isle of Man and the United States.
Isle of Man
17 Dec 2013
Isle of Man Gets Top Rating by OECD
The Isle of Man has been awarded the top ‘Compliant' rating by the global body reviewing tax transparency around the world.
Isle of Man
23 Nov 2013
Supreme Court Decision Clarifies Important Insolvency Issue
In May 2013, the Supreme Court handed down judgment in the case of "BNY Corporate Trustee Services Limited and others v Eurosail-UK 2007-3BL PLC".
Isle of Man
22 Oct 2013
George Osborne Says UK-IOM Tax Deal Is A 'Momentous Step'
Last week the Isle of Man became the first British dependency to sign an agreement with the UK on automatic sharing of tax information.
Isle of Man
22 Oct 2013
Isle Of Man Signs Tax Co-Operation Agreement With Italy And Lesotho
As part of the Isle of Man Government's ongoing programme of signing Double Taxation Agreements and Tax Information Exchange Agreement, Treasury Minister Eddie Teare MHK signed TIEAs with Italy and Lesotho today in London.
Isle of Man
23 Sep 2013
Isle of Man Signs TIEA With Switzerland
The Isle of Man continues to promote its economic and taxation cooperation scheme with other countries by signing a tax information exchange agreement (TIEA) with Switzerland.
Isle of Man
29 Aug 2013
Court Of Appeal Ruling On Foreign Insolvency Assistance
In the recent case of HSBC Bank plc v Tambrook Jersey Limited [2013] EWCA Civ 576, the English Court of Appeal issued guidance in respect of when an English Court will assist a foreign Court in insolvency matters.
Isle of Man
15 Jul 2013
DQ Attends Transcontinental Trusts Conference 2013
Annemarie Hughes and Donna Matthews, members of Dougherty Quinn’s specialist trust team, attended the Transcontinental Trusts Conference in Geneva.
Isle of Man
4 Jul 2013
Breaking News: Supreme Court Pierces Corporate Veil In Divorce Proceedings
The Supreme Court in England has today issued its judgment in the case of Prest v Petrodel Resources.
Isle of Man
13 Jun 2013
Isle Of Man’s TIEA With Argentina Now In Force
The Isle of Man concluded a Tax Information Exchange Agreement (TIEA) with the Argentine Republic on 14 December 2012.
Isle of Man
20 May 2013
Breaking News: Supreme Court Rules On Trustees’ Mistakes
The Supreme Court in England has today issued its judgment in the cases of Pitt v Holt and Futter v Futter.
Isle of Man
20 May 2013
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