Dalemont Limited v Alexander Gennadievich Senatorov and others is a recent case in the Jersey Royal Court which criticised how the foundations legislation passed in Jersey in 2009 seemed to operate in practice. Essentially this was because there seemed to the court no basis upon which the qualified council member of the Jersey foundation could compel fellow council members to produce information. This article considers whether similar criticism could be made of the Isle of Man foundations legislation passed in 2011. We conclude that the statutory rights to information and documents available to the registered agent and council members under the Isle of Man foundations legislation make that unlikely.
Download the full article here: Firm foundations: Dalemont v Senatorov in the Isle of Man