Triay & Triay / Gibraltar / Add to Shortlist

Triay & Triay

PO Box 15 28 Irish Town Gibraltar

Phone: +350 (20) 072 020 Fax: +350 (20) 072 270 www.triay.com

Firm Profile

The law firm Triay & Triay was established in Gilbraltar in 1905. The strength of the firm lies in the fields of shipping & admiralty, finance, company & commercial, estate & financial planning, property, private client, employment and litigation. Gibraltar is a well-recognised finance centre resulting in a large part of the firm's practice being devoted to finance related work, both local and international.

Practice Overview

Shipping & Admiralty

Admiralty
Triay & Triay is the leading firm of shipping lawyers in Gibraltar. It enjoys a long established reputation within the shipping industry, offering comprehensive advice in areas of finance and registration and also litigation and advocacy in the Admiralty Jurisdiction of the Supreme Court of Gibraltar.

Ship Finance
The firm is involved in ship finance transactions, with particular emphasis on the appropriate group structures, and the drafting of security documentation. This work goes hand in hand with the firm's expertise in advising banks on commercial lending of a more general nature.

Gibraltar as a Port and Registry
In 1997, Gibraltar re-established its Ship Registry with Category 1 Status allowing it to register vessels of all types and tonnage other than fishing vessels. Ships registered in Gibraltar are British ships entitled to all the protection and privileges afforded to vessels registered at other British Ports of Registry. Furthermore, Gibraltar's new Category 1 Status establishes parity with Bermuda, the Cayman Islands, and the Isle of Man - with the added advantage that Gibraltar's unique position within the EU gives its fleet access to EU cabotage trades. It is, along with the UK, the only Red Ensign Group Member within the EU. Standards are high, mirroring those set in the UK. As a result, vessels that fly the Gibraltar flag, enjoy the reputation which rightly attaches to the maintenance of these high standards. Shipowners and operators can feel safe in the expectation that their vessels will meet MOU requirements on Port State Control.

Gibraltar registered ships fly the Red Ensign defaced with the Gibraltar Arms, - the Castle and Key.

Company & Commercial

Triay & Triay provide assistance with an extensive range of company and Commercial matters including:
  • Corporate finance
  • Merger, acquisition & take-over including management buy-ins & buy-outs
  • Company formation & structuring
  • Corporate reconstruction & refinancing
  • Agency, distribution & licensing
  • Information technology & telecommunications
  • Intellectual property
  • EC & competition law
  • Commercial contracts
  • Partnerships & joint ventures
  • Employment contracts
  • Insolvency
  • Franchising
  • Trade marks

The firm has expertise across the widest base of industry, commerce and finance. It also has the largest practice in intellectual property in Gibraltar.

In recognition of the importance of technology in a commercial enviroment Triay & Triay has set up a team to assist clients establishing e-business operations

Estate & Financial Planning

Taxation
Triay & Triay provides assistance with all aspects of taxation with particular emphasis on offshore tax planning of companies and individuals.

Tax-exempt or low tax companies, trusts, and special tax status available to individuals are all useful and available means of achieving efficient tax planning.

In this regard we work closely with our associated corporate management company, T & T Management Services Limited and its international network of contacts.

Trusts
Trust law in Gibraltar is based on English law and provides the same flexibility on the one hand, and security on the other. Gibraltar is well equipped to meet the needs of clients who are properly able to avail themselves of the benefits of holding assets offshore through trusts.

We provide advise on all types of trust structures. Trusts form an important part of the work of the practice. The firm has developed a growing international reputation for managing assets this way through our associate company T & T Management Services Limited.

Private Client
When advising private clients we draw upon our experience in areas of:
  • Financial & tax planning
  • Personal & business taxation
  • Creation, management & re-organisation of trusts
  • Probate & winding up of estates upon death
  • Property & Family
  • Asset management

Finance
Gibraltar has a strong and thriving finance industry, regulated to EU and UK standards. The firm covers all aspects of financial services law.

Banking
The firm is involved in all aspects of banking law including compliance and other regulatory matters.

The firm have assisted and advised several banks of various nationalities, (including British, French, Spanish, German and Danish banks each importing their own domestic background into their Gibraltar operations) generally with licensing requirements on their establishment in Gibraltar, and subsequently with their operational needs.

Mergers affecting banks already established in Gibraltar have also required our advice and assistance. Insurance Triay & Triay advise on insurance work, both on the formation of insurance companies, and the onward requirements of conducting insurance business, and managing the diverse claims that arise in the ordinary course of insurance business.

Insurance
Triay & Triay advise on insurance work, both on the formation of insurance companies, and the onward requirements of conducting insurance business and managing the diverse claims that arise.

Financial Services
The firm can also assist with all other activities requiring licensing under the Financial Services Ordinance including:
  • Investment dealers
  • Investment managers
  • Investment advisers
  • Collective investment schemes
  • Company management
  • Professional trustees
  • Insurance brokers
  • Investment exchanges and clearing houses

Litigation
Gibraltar's growing reputation as a sophisticated common law jurisdiction able to handle important commercial disputes in a prompt, cost effective and competent manner has led to a large increase in high profile litigation in recent years.

The firm has established a solid reputation for the efficient and imaginative representation of our clients' interests in litigation matters, We are at the forefront of developments in procedural practices which enhanced the attractions of Gibraltar as a jurisdiction for the resolution of commercial disputes, particularly in Admiralty cases.

The firm provides mediation and conciliation services as alternative forms of conflict management.

Areas of speciality include:
  • Admiralty
  • Company & Commercial
  • Contract
  • Insolvency
  • Trust/Asset Tracing
  • Construction Disputes
  • Judicial Review/Administration Law
  • Landlord & Tenant
  • Tort
  • Personal Injury
  • Criminal
  • Inquests
  • Family/Childcare

Employment
The unrelenting pace of new European employment legislation coupled with changes in Health & Safety legislation has led to an increased awareness on the part of employers and employees as to their respective rights and obligations and the need to keep abreast of developments. The firm's corporate clientele require a swift response to employment issues on a daily basis.

The firm has provided this service recognising the importance of this area of law to the successful running of any enterprise. We provide comprehensive and practical advice in all areas of employment law including:
  • EC Employment Legislation
  • Post-termination & confidentiality provisions
  • Employment contracts
  • Redundancy
  • Unfair dismissal
  • Industrial action
  • Equal opportunities
  • Sex discrimination

Property
Our property practice deals in all aspects of property law including conveyancing, landlord and tenant, and commercial and residential property development projects. As advisers to a number of international banks in Gibraltar, this has included property financing, security transactions and enforcement. Triay & Triay's client base consists of both commercial and private clients. In the case of the former, we act for several major landlords in Gibraltar. Our practitioners offer a dedicated and thorough service to homebuyers, as well as to individual traders and going concerns on matters of landlord and tenant.
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