General

Tajuana Ewing, the firm’s chief compliance officer, and MLRO have recently undertaken a Compliance Awareness course accredited by the International Compliance Association. The course has given Tajuana training and knowledge of how best to manage and mitigate compliance risk at the firm. She will be utilizing these skills and the information gained to provide the firm with effective training and education in respect of minimizing risk and adhering to best compliance practice, policies and procedures. …

The well-known legal directory for law firms around the world, Chambers & Partners, has ranked Misick & Stanbrook in Band 1 (the top tier) for General Business Law in the Turks and Caicos Islands. They also highly recommend Ariel Misick QC, who founded the firm. The firm takes pride in this global recognition and continues striving for excellence within the jurisdiction.

Misick & Stanbrook’s corporate and commercial partner, Owen Foley, has recently been appointed to the Caribbean Regional Council of World Services Group. World Services Group is a global organization of member firms across 115 countries throughout the world. It is a leading network of independent elite professional services firms and companies. Misick & Stanbrook has been a member since 2005. For more information please go to the World Services Group website here

The Turks and Caicos Islands is a British Overseas Territory and a common law jurisdiction which is modeled on the English legal system. It has a written constitution. The judicial courts are based in the country’s capital Grand Turk and in Providenciales.

TCI’s anti-money laundering (AML) regulations were extended in 2010 to certain classes of non-regulated financial business (NRFBs). The categories concerned include:- A person who by way of business provides accountancy or audit services. A person who by way of business acts as a real estate agent. An independent legal professional. A high-value dealer (someone trading in goods, precious metals or precious stones when he receives in respect of any transaction a payment in cash of …

In the clearest sign yet that some buoyancy has returned to the TCI real estate market, the TCI Government has announced changes to TCI’s stamp duty regime. With effect from 1st July 2013:- The previous discount of 10% for payment of stamp duty in a lump sum within 30 days of the date of the instrument concerned will be removed; The rate of stamp duty on TCI land transactions will increase, with the new rates …

Attorney General of the Turks and Caicos Islands and another (Appellants) -v- Ross Richardson (as Trustee in the bankruptcy of Yellowstone Club World LLC) (Respondent) In a recent case before the Privy Council in London, Ariel Misick O.B.E, Q.C. appeared on behalf of the Respondent in an appeal by the Turks and Caicos Islands Attorney General. The case was heard before Lord Hope, Lord Kerr, Lord Reed, Lord Carnwath, and Sir John Chadwich. The TCI …

Kishanti Hall is the newest member of the Misick & Stanbrook team of attorneys. Having worked closely under the guidance of Ariel Misick QC to complete her pupilage, she was called to the Turks and Caicos Bar before Judge Margaret Ramsay-Hale acting as Chief Justice in February 2013. Kishanti was born in the Bahamas and completed an undergraduate degree in Mass Communications and Journalis/blog/misick-stanbrook…l-called-tci-bar/m at Clark Atlanta University in Georgia in 2006. Following this, she …

Article by Owen Foley. Click here to download a copy The Turks & Caicos Islands (TCI) has recently introduced a raft of legislation to enhance its existing comprehensive anti-money laundering regime. The provisions largely follow the “Review of Financial Regulation in the Caribbean Overseas Territories and Bermuda” recently conducted for the British Government by KPMG (generally known as “the KPMG Report”). Since passage of the legislation, the Paris-based Financial Action Task Force (FATF) has published its updated list of …

INTRODUCTION The Turks & Caicos Islands (“TCI”) has recently introduced a law regulating investment dealers, The Investment Dealers Ordinance 2001. The Ordinance came into effect on 22nd May 2001. INVESTMENT DEALERS An investment dealer means a person who trades on behalf of customers, acts as a fund manager, solicits subscriptions for new issues of investments, and offers advice about investments by way of a business. Investments include commodities trading, corporate bonds, equities, government and local …