The UK's Insurance Act 2015 means there will be differences affecting business policies issued in Isle of Man and those issued in UK, including renewals.
A recent judgment has significant implications for professional trustees in the Isle of Man and for those who advise them.
Simcocks advise on most shipping and ship related matters working alongside ship owners, charterers, managers traders, banks and insurers.
The dispute resolution department adopts a commercially realistic approach to bring each case to an efficient and practical conclusion.
Decisions in the cases of Sharland, Gohill and Wyatt v Vince appear to open the doors to allow a second bite of the financial cherry but is that correct?
The issue before the court was whether to grant leave to the Privy Council.
The corporate and commercial department has an international background and is flexible enough to provide a wide range of corporate legal services to both large, established institutions and small businesses.
Simcocks has a dedicated team providing advice on business restructuring, recovery and insolvency.