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 past, with the Government’s focus firmly on developing TCI’s enormously successful luxury tourism industry, the updating of TCI’s non-regulatory legislation in the field of financial services had been a little neglected. The Government has now turned its attention to modernising TCI’s financial services offering, and as a first step has introduced a new trusts statute, the Trusts Ordinance 2016...
Misick & Stanbrook is one of the leading law firms in the Turks & Caicos Islands. They service the legal and corporate requirements of a worldwide client base and have an international reputation for the high quality of their attorneys work.
They are the Turks & Caicos Islands member of two major international law firm networks, Lex Mundi and Terralex whose members have set themselves apart as centres of excellence. Through their association with the European law firm Stanbrook & Partners they can draw on the resources of its associated offices in Brussels, Copenhagen, Hamburg, Lisbon, London, Madrid, Paris and Stockholm.
This law firm was established by their current senior partner Ariel Misick OBE QC in 1981 and has thrived since then, in line with the growth in development of the Turks & Caicos Islands as a leading offshore finance centre and premier tourism destination. They are able to provide their clients with a renowned level of service in all areas of offshore company formation and banking, assistance with offshore investments and tax planning, trust formation, resort development and financing, litigation, arbitration and regulatory support.
Year this Office was Established: 1981
Lawyers Worldwide: 11
Areas of Practice
Aside from a passing reference to data protection in the Electronic Transactions Ordinance (see below), TCI has no data protection statute. However, a number of other areas of local law are applicable or, in the context of the advice sought, ought to be considered in relation to data protection, confidentiality and privacy matters. In that respect:- a. Data protection, privacy and confidentiality at common law TCI is a British Overseas Territory and is a common law jurisdiction...
Misick & Stanbrook Act for the Desarrollos Hotel Group in the Signing of a Development Agreement for a USD $224 Million Project
Owen Foley and Karen Willis of Misick & Stanbrook act for the Desarrollos Hotel Group in facilitating its signing of a development agreement with the Turks and Caicos Islands Government for the development of a USD $224 million Ritz Carlton Hotel in Grace Bay, Turks and Caicos Islands. This development is a much welcomed boost to the luxury tourism market in the Islands with development planned to commence in November 2015. Misick & Stanbrook is the leading law firm in the Turks & Caicos Islands, with specialism in hotel development and tourism, corporate acquisitions and structuring and real estate...
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...