Keystone Law Isle of Man continue success with roster of corporate and commercial deals in 2023

Keystone Law Isle of Man’s corporate and commercial partner Stephen Rodd has led teams advising a range of clients in 2023, including an international trading group, an Asia-based e-gaming company, and a luxury leisure and hospitality business on a broad spectrum of issues.

Stephen and the team have advised:

1. A market-leading, regulated Isle of Man company and its shareholders in relation to potential unfair prejudice issues arising in relation to the departure of founder, shareholder and employee, including the identification and implementation of a commercial acceptable and legally compliance strategy to support the client’s growth and subsequent fund-raising activities.
2. An Isle of Man company in relation to the purchase of a commercial property held in an Isle of Man company, including identifying and resolving title issues with the target commercial property and company law breaches by the target company.
3. An international trading group in relation to the establishment of an Isle of Man foundation and the structuring of a group holding company.
4. Asia-based businesspersons on the preparation of source-of-wealth statements to satisfy the requirements of the UK/Isle of Man banking system.
5. Asia-based businesspersons on the formation of an Isle of Man trust.
6. An Asia-based e-gaming client and its owners on its successful application for an Isle of Man e-gaming licence and structured the underlying holding and operating companies.
7. An Asia-based e-gaming client, its owners and an escrow agent regarding the formation and operation of an escrow arrangement to fund the operation of the Isle of Man licensed e-gaming group.
8. An Isle of Man-based online payments advisory and consultancy company on its formation, structuring and operations during its start-up and operations phases.
9. A UK-based online global marketplace on its formation, structuring and operations during its funding round.
10. An Africa-based luxury leisure and hospitality business on the acquisition and restructuring of its Isle of Man holding company to enable future growth and investment.
11. A Isle of Man-based digital compliance and regulatory business on its online business terms and conditions ahead of its launch into the UK and IoM markets, including the preparation of relevant liability limitation clauses and GDPR compliance.
12. A UK-tax resident family on the creation and implementation of an IHT minimisation structure regarding their £15m plus of UK commercial and residential real estate assets (held in offshore companies) following the majority owner and head of the family being diagnosed with a terminal illness.

Stephen Rodd said:

“In the eight years since we established on the Island, Keystone Law has continually attracted experienced lawyers in a wide variety of disciplines that enables us to create deal teams to meet our clients’ needs for complex Isle of Man advice that frequently involves sophisticated cross-border structures.

“The above provide a snapshot of some of the recent concluded and ongoing fascinating matters on which we have been engaged.”

Keystone Law IOM provide a full range of market-leading Isle of Man corporate and commercial legal services, with clients ranging from local start-up businesses to international groups and global financial institutions.