“The team is always available and really helpful in dealing with challenging deal timelines.”

Chambers & Partners UK Guide 2024
Alex Spencer

Alex Spencer heads our Banking and Finance team, which advises banks, financial institutions and corporates on all areas of finance including general bank lending, project finance, property finance, acquisition finance, asset securitisation and structured finance. We are the first port of call for many financial institutions, both locally and internationally.

“Alex is great. He’s a really reliable and trusted adviser. His input is always clear, to the point and has helped us complete deals within challenging timescales.” – Chambers & Partners UK Guide 2024

Many of the world’s leading financial institutions conduct business in the Isle of Man and our knowledge and experience enables us to advise them in respect of all areas of their operations. Our clients range from domestic banking operations to global financial institutions. We provide quick, commercially focused advice to enable transactions to complete without delay

The depth and range of our Isle of Man advocates’ expertise and experience generates many complex referrals and we are regularly instructed by Magic Circle and Silver-Circle firms. The group is strong on litigation support as well as transnational, restructuring and complex advisory work.

Our borrower clients operate in a diverse range of industries, including heavily regulated sectors and our lender clients include banks, insurance companies, funds and other financial institutions.

The team provide advice on:

  • The establishment and licensing of banks licensed in the Isle of Man
  • Regulatory and compliance issues encountered by Isle of Man licensed banks
  • Acquisition, project and asset finance transactions, syndicated loans and other domestic and international financing transactions
  • Securitisations and derivative products
  • Syndicated letter-of-credit facilities in support of insurance/reinsurance and capital market liability
  • Onshore lending secured by a portfolio of securities offshore with or without custodial obligations
  • Reviewing terms/conditions of facility and security documentation
  • Registration requirements in the Isle of Man
  • Restructuring and change of control of Isle of Man licensed banks
  • Isle of Man Legal Opinions

Drafting of Security Documents

We can assist with the drafting of a wide range of security and other finance documentation. Our Isle of Man lawyers act on a diverse range of finance transactions including restructuring of loan facilities, refinancing transactions, and also assist clients with enforcement actions. We also advise on issues relating to ranking, registration, priority and discharge of security. Our Banking and Finance lawyers work closely with our Corporate and Commercial Property lawyers and also with our Dispute Resolution team to provide appropriate advice to clients.

Undertaking of Security Reviews

We are regularly instructed to conduct security reviews by institutional and non-institutional lenders in connection with the review of existing loan arrangements entered into with Isle of Man companies and the review of Isle of Man law security documents. Our lawyers are experienced in undertaking such reviews and in preparing reports for our clients.

Our Manx advocates in the banking and finance department have strong relationships with the regulatory authorities in the Isle of Man. We play an active role in maintaining the Isle of Man’s position as a leading international finance centre.

Speak to our experienced local team

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