Banking Opinions
The Isle of Man is one of the key Offshore commercial centres in the British Isles, and there are many companies registered in the Isle of Man, whcih are subject to Isle of Man law.
Many Isle of Man companies hold land in other jurisdictions, and when that wish to take out a mortgage on that land, it is important to establish that the Isle of Man company is in good standing and has the appropriate power to buy and sell land, and to charge land as security. It is also important to ensure that the company has executed the charge documentation correctly, in accordance with Isle of Man law.
We are able to undertake the necessary company searches and provide Opinion letters to Banks and other lenders, to satisfy the lenders' requirements. We know that these things need to be carried out quickly, and are happpy to provide assistance even at short notice.
Many Isle of Man companies hold land in other jurisdictions, and when that wish to take out a mortgage on that land, it is important to establish that the Isle of Man company is in good standing and has the appropriate power to buy and sell land, and to charge land as security. It is also important to ensure that the company has executed the charge documentation correctly, in accordance with Isle of Man law.
We are able to undertake the necessary company searches and provide Opinion letters to Banks and other lenders, to satisfy the lenders' requirements. We know that these things need to be carried out quickly, and are happpy to provide assistance even at short notice.