Fees for TISE Guernsey

Summary

The request sought the fees paid by the Isle of Man Treasury to Clifford Chance LLP for a September 2021 sustainability bond issue on TISE. The Treasury disclosed the total professional service fees, providing amounts both excluding and including VAT.

Key Facts

• The fees were paid to Clifford Chance LLP for professional services relating to a sustainable bond issue.
• The bond issue took place on TISE in September 2021.
• The total fee excluding VAT was £169,549.86.
• The total fee including VAT was £203,459.83.
• The request was received on 3 March 2022 and responded to on 9 March 2022.

Data Disclosed

• £169,549.86
• £203,459.83
• September 2021
• 3 March 2022
• 9 March 2022
• 2306897

Original Request

What amount in fees were paid by the IOM Treasury/Govt to Clifford Chance LLP in connection with the sustainability bond issue on TISE in September 2021?

Data Tables (1)

Full Response Text

Freedom of Information Seyrsnys Fysseree

The Treasury Government Office, Douglas Isle of Man, IM1 3PU

Telephone: (01624) 685605 Email: FOI.Treasury@gov.im

Government Website: www.gov.im

Our ref: 2306897 9 March 2022

Dear ###,

We write further to your request which was received on 3 March 2022 and which states:

"What amount in fees were paid by the IOM Treasury/Govt to Clifford Chance LLP in connection with the sustainability bond issue on TISE in September 2021?" The total amount paid to Clifford Chance LLP for professional services relating to the sustainable bond issue was £169,549.86 (excluding VAT), £203,459.83 (including VAT).

Please quote the reference number 2306897 in any future communications.

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