An inevitable by-product of the growth of the Turks and Caicos Islands economy and growth as an offshore financial centre has been an increase in the volume of corporate receiverships and liquidations. Much of the work is of an international nature and Misick & Stanbrook’s attorneys frequently work as part of a global team with other top law firms in multiple jurisdictions. Misick & Stanbrook’s insolvency lawyers have been involved in almost all of the significant insolvency and receiverships which have occurred in the Turks and Caicos Islands to date.
In 2018, a whole new insolvency statute was introduced, in the Turks and Caicos Islands, the Insolvency Ordinance. This has greatly modernised the Turks and Caicos Islands’ insolvency and bankruptcy regime and expanded the options available in corporate recovery matters.
The team’s services include the giving of advice on all aspects of liquidations and receiverships, in the Turks and Caicos Islands, to local and international legal and accounting professionals, the appointment and removal of liquidators and receivers, securing corporate assets, including asset protection, advising on claims by and against liquidators and receivers and on all other aspects of corporate recovery.