At a ceremony held at the Chesterfield Mayfair Hotel in London last week, FundDomiciles.com hosted their annual Global Funds conference and awards ceremony where law firms from each of the leading funds jurisdictions were recognised. ISOLAS received the award for Best Gibraltar Law Firm in Funds at a gathering that included the major law firms and players in the Funds Industry.
The selection criteria for the Award were detailed and stringent and the selection process was a three-stage one; the first part of the selection was a qualitative assessment of providers in Gibraltar by managers and other service providers. All respondents were required to engage directly with Funddomiciles.com to offer their views on the local market, its players and practitioners of note. The second part of the assessment was a quantitative one where local players were asked to select the leading providers in the jurisdiction and the number of votes counted. Following these initial surveys, a committee made up of industry experts then reviewed the feedback and provided their own input before selecting the winners from the various jurisdictions.
The shortlist for Gibraltar for what is currently the only award of its kind for Funds Law Firms in GIbraltar was limited to two candidates. On collecting the award, Joey Garcia, on behalf of ISOLAS, explained that “I am delighted to receive this award on behalf of the Funds Team at ISOLAS. It is recognition by our peers on an international level of the quality of service received and ISOLAS' position at the leading edge of a very competitive and fast-moving funds industry in Gibraltar.” When asked for comment, Albert Isola, partner in charge of Funds at ISOLAS, was “very pleased with the news of winning the award. The fact that Gibraltar is represented at an International Funds event of this importance is the recognition that Gibraltar is a real and viable alternative to the more established funds Jurisdictions and this has only been possible as a result of the work and efforts of all the players in the local funds sector. I am very proud that our growing Funds team at ISOLAS have played their small part in this process.”
ISOLAS wishes to thank all its collaborators in the Industry for their support.