Isle of Man: Country and Foreign Investment
The Isle of Man is a self-governing British Crown dependency. The Queen of England, as Lord of Mann, is Head of State, and she is represented on the Island by the Lieutenant Governor, who is appointed by the Crown for a five year term. The Government of the United Kingdom is responsible for the conduct of the external relations and defence of the Island.
The Island's ancient parliament, Tynwald, is the oldest legislature in the world in continuous existence, dating back to Viking origins over one thousand years ago. Its Parliament has two branches: the House of Keys and the Legislative Council. The majority of Members sit as independents, and the virtual absence of party politics encourages a high degree of consensus. This has contributed to the remarkable stability of the Manx system.
The island has its own courts, but the body of the law is based on English common and civil law. English precedents are often followed. Some UK legislation is adopted as such by the Isle of Man by agreement with the British Government. The ultimate court of appeal is the English Privy Council. Advocates at the Manx bar have the fused rights of solicitors and barristers.