Cains has a strong reputation for its restructuring and insolvency work and its ability to provide a seamless service to its clients.

In recent years the number of restructuring and insolvency instructions which Cains has received has increased dramatically. While a large proportion of such instructions have been motivated by the difficulties caused as a result of the economic crisis, Cains’ advice is not limited to advising companies in financial difficulties; Cains has advised numerous property holding companies, financial institutions and other entities seeking a means of restructuring their business.

As such, Cains has the expertise and experience to advise on a range of matters, including but not limited to:

  • restructurings, whether solvent or insolvent, by means of schemes of arrangement;
  • refinancings;
  • insolvency disputes, receiverships and liquidations;
  • multi-jurisdictional issues, including advice regarding the recovery of assets and debts; and
  • regulatory and other ancillary contentious and noncontentious issues associated with the above.


Cains has been involved in advising on, and assisting in, some of the largest liquidations, receiverships and restructurings (whether solvent or insolvent) which the Isle of Man has seen, including:

  • advising the receivers appointed over certain shares held by each of Speymill Deutsche Immobilien Company Plc and Speymill (Cayman) Limited in a large German predominantly residential property group consisting of some 88 property companies;
  • advising PricewaterhouseCoopers who are acting as the joint liquidators of Kaupthing Singer & Friedlander (IOM) Limited (“KSFIOM”) in connection with the liquidation of KSFIOM, and in respect of all ancillary issues, including advising on all procedural matters on the liquidation, on multi-jurisdictional recovery of assets and debts and resisting claims against KSFIOM;
  • advising on the de-listing of UMP Plc, the Isle of Man subsidiary of UTV Software Communications Ltd (“UTV”), from London’s Alternate Investment Market and the subsequent acquisition by UTV of the business and assets of UMP partly by means of a court approved scheme of arrangement in the Isle of Man, and the subsequent dissolution without winding-up of UMP;
  • advising the English administrators and receivers appointed in respect of certain companies in the Jackson Holdings group, including, in respect of real property issues in the Isle of Man.