Directors’ Duties and Liabilities: A Practical Overview in the Isle of Man
Description
This webinar provides directors with a clear and practical understanding of their core duties and liabilities under Isle of Man law. It explores both statutory and common law responsibilities, offering real-world examples of how directors can best discharge their obligations.
This webinar provides one-hour of CPD and offers insights and updates from a leading industry-expert speaker.
Delegates places are interchangeable with colleagues from the same organisation.
Content
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Core statutory and fiduciary duties of Isle of Man directors
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Consequences of breach: liability, penalties, reputational risks
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Balancing shareholder, regulator, and stakeholder interests
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Practical steps to mitigate risk and protect directors
Presenter
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Garry Manley Partner, Head of Corporate at Appleby |
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Garry Manley is Corporate Local Practice Group Head in the Isle of Man, where he also leads the Funds and Investment Services team. One of the leading corporate and regulatory lawyers in the Isle of Man, he has extensive experience of advising on a wide range of corporate matters, including mergers & acquisitions, venture capital/private equity investments, debt financing transactions, investment fund formation & operation, corporate restructurings and debt/equity capital markets. In addition to his general corporate practice, Garry is one of the Isle of Man’s pre-eminent regulatory lawyers, with a particular focus on insurance companies, banks & corporate service providers and on the formation and operation of investment funds. His insurance work sees him advising many of the Isle of Man’s leading insurance groups and managers on the full spectrum of matters including M&A transactions, portfolio transfers, new authorisations, change of control applications, transfers of domicile and ongoing business regulation, including solvency issues. Garry also advises on a range of novel and developing regulated industries, including payment services and cryptoassets. He is a thought-leader in respect of the regulated cannabis sector on the Isle of Man and is also distinguished in the area of economic substance, having been the only lawyer on the Isle of Man government’s public-private working group since 2019. He is experienced at supporting clients in contentious regulatory matters, from inspection all the way to enforcement proceedings and settlement with the regulator, working where necessary alongside colleagues in Appleby’s market-leading disputes team. Garry has a first-class law degree from Oxford University, and before joining Appleby he practised for almost a decade in the London, Hong Kong and New York offices of Cleary Gottlieb Steen & Hamilton LLP. In addition to his advisory work, Garry frequently provides input into legislative developments across a broad range of topics. He was closely involved in the development of the Isle of Man’s merger control regime, and he has also been consulted about legislative developments in the areas of company law, cannabis regulation, economic substance and beneficial ownership. |