7 Nov 2017

Financial Services

The Financial Services team acts as lead counsel to numerous local financial institutions and also specializes in the provision of regulatory and structural advice to international financial institutions. As an international offshore financial center, TCI has in place extensive anti-money laundering and anti-terrorist financing legislation and upon which the team provides advice. The team also advises local and international financial institutions on security and lending issues involving TCI entities and on local regulatory and licensing …

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7 Nov 2017

Employment Law

Our employment team advises on employment and industrial relations law in the TCI. Our Attorneys help clients navigate domestic and international issues, with particular expertise in advising some of the biggest employers in the Turks and Caicos Islands. Our lawyers advise most of the major new resort development projects that are in the jurisdiction today. We advise on M&A, service contracts, contracts of employment, employment handbooks, confidentiality, and restrictive covenants. We also advise on employee …

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7 Nov 2017

Dispute Resolution, Commercial Litigation and Arbitration

The firm is widely regarded as the pre-eminent litigation practice in the TCI. The firm’s litigation attorneys have been involved in most of the major commercial cases, including high profile multi-jurisdictional disputes, in recent years. Our practice includes all aspects of civil and commercial litigation including insolvency, asset tracing, intellectual property disputes, professional negligence, trust litigation, corporate and shareholder disputes and fraud. The team frequently advises overseas lawyers on matters of TCI law. Our litigation …

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7 Nov 2017

Commercial Property Development & Tourism

As the recovery from the recession continues apace, tourist arrival numbers to the Islands have resumed their upward track and in view of the TCI’s proximity to the North American mainland, pristine environment, political stability and favorable investment climate, further growth is expected in this area. We have advised on many major tourism and resort projects in the Islands. Past and present clients in this field have included Jasper Development (West Caicos development), Desarrollos Hotelco …

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15 Dec 2016

TURKS AND CAICOS ISLANDS ENACTS A NEW TRUSTS ORDINANCE

Special trusts of company shares (STOCS trusts), purpose trusts, and enhanced creditor protection provisions all included in a wholesale and exciting revamp of TCI’s trusts statute Owen Foley of Misick & Stanbrook looks at TCI’s new Trusts Ordinance. Background As a British Overseas Territory with no direct taxes, the Turks and Caicos Islands (TCI) has been an attractive domicile for trust establishment by high-net-worth individuals and their advisers for many years. However, in the recent …

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12 Nov 2016

POLITICAL DONATIONS IN TCI – A ROUGH OUTLINE FOR DONORS

Now that we are in election season here in TCI, many clients are being asked for political contributions. In light of TCI’s recent history, that causes concern as to what, if anything, is permissible, hence this brief legal summary: The matter is now regulated by the Political Activities Ordinance 2012. Part IV of the Ordinance deals with donations to political parties, but the aspects referred to below apply likewise to donations to independent candidates. We …

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6 Jul 2016

HOW TO CONDUCT A SUCCESSFUL DISCIPLINARY SEMINAR

Sam Nicholls and Dominique Rolle recently hosted a very successful employment law seminar on “How to Conduct a Successful Disciplinary”. The two hosts discussed the key aspects of disciplinary proceedings. The talk was extremely well attended by leading HR officers from the major employers in Providenciales. If you are interested in attending a talk hosted by Misick & Stanbrook, please contact: info@misickstanbrook.tc.

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18 Dec 2015

REGISTRATION OF A FRACTIONAL SCHEME – THE PRACTICALITIES

Clients are first directed to our client memo on the general principles regarding fractional ownership of real estate in the Turks and Caicos Islands on our website (www.misickstanbrook.tc/fractional-ownership-TCI/). So, you have read that and you have a property that you would like to submit for fractional registration: what happens next? 1. Application for Registration of your Scheme An application for registration of a fractional interest scheme with respect to a particular villa or strata lot …

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8 Nov 2015

CHANGES TO IMMIGRATION ORDINANCE

How do I get status in the Turks and Caicos Islands? Obtaining status in the Turks and Caicos Islands (“TCIs”) is governed by the new Turks and Caicos Islander Status Ordinance 2015, which obtained assent on 30th September 2015. The Ordinance has not yet come into force, but shall do so once announced in the Gazette. In essence, a person entering into the TCIs to live or to partake in gainful occupation[1] is required to …

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18 Oct 2015

HARD TIMES LOOM FOR TCI SMOKERS

The TCI Government has just passed the Tobacco Control Ordinance 2015, to regulate tobacco use, and to protect individuals from the exposure to tobacco smoke. The Ordinance, though passed, has not yet come into force. It will come into force on a date to be announced in the Government Gazette. Of primary interest is:- A prohibition on smoking or holding lighted tobacco products in an enclosed public place, an enclosed workplace, on public transport or …

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