Saudi Tadawul Group Acquires Major Stake in DME Holdings
Saudi Tadawul Group Holding has acquired a 32.6% stake in DME Holdings Limited, a leading international commodities exchange. This acquisition makes Saudi Tadawul Group a joint largest shareholder alongside CME Group, with other investors including the Oman Investment Authority and Dubai Holding. DME, soon to be rebranded as Gulf Mercantile Exchange (GME), aims to meet the rising demand in energy, metals, and agricultural markets while supporting the global shift towards sustainability through new derivatives contracts. Saudi Tadawul Group stated that the investment will enhance GME’s growth as a regional commodities leader and leverage the Middle East’s strategic position between key …
Experience Turks and Caicos Announces Nomination for Best Overall Destination in Recommend Magazine’s 2024 Readers’ Choice Awards
Experience Turks and Caicos proudly announces that the Turks and Caicos Islands have been nominated for Best Overall Destination – Caribbean in Recommend Magazine’s 2024 Readers’ Choice Awards. …
Turks and Caicos Real Estate Market Thrives in Exceptional Conditions
Tourism and real estate sales are booming in the Turks and Caicos Islands (TCI), surpassing other Caribbean regions. Both sales and pre-construction numbers reflect a thriving market, with many large beachfront parcels in Providenciales being transformed into high-end, branded hotels and residences to meet the strong demand for investment and vacation properties. A report from Turks & Caicos Sotheby’s International Realty highlights that the islands’ exceptional tourism offerings continue to attract A-listers from around the world, as well as buyers seeking homes with stunning ocean views, a mild climate, and a serene Caribbean atmosphere. The first quarter of this year …
Turks and Caicos Emerges as Top Luxury Destination
Turks and Caicos has emerged as the Caribbean’s leading luxury travel destination in 2024, recording an impressive 73% growth in premium-class travel compared to the previous year. According to data from Forward Keys Destination Insights, this surge underscores the region’s appeal to affluent travelers seeking exclusive experiences. The Caribbean’s overall overseas air passenger arrivals have increased by 9% year-on-year in the first half of 2024, with high-end cabin bookings, including First and Business Class, soaring by 39% compared to the same period in 2023. Minister of Tourism, Hon Josephine Connolly, credits this achievement to the Turks and Caicos Islands’ status …
Air and Cruise Arrivals Surge in Turks and Caicos: High Expectations for Summer
The Turks and Caicos Islands are experiencing growth in visitor arrivals, with increases reported at its primary entry points. According to the Ministry of Tourism, from January to April, the Islands welcomed 271,326 air travelers, marking a 10.46% rise compared to the 245,637 arrivals during the same period in 2023. Tourism Minister Hon. Josephine Connolly expressed her pride in Turks and Caicos continuing to be a top destination for vacationers. She highlighted that preliminary data indicates high air arrival numbers are expected to persist through August. “This is excellent news for the people of Turks and Caicos. Through Experience Turks …
Landmark Development Deal Brings Three IHG-Branded Hotels to Turks and Caicos
The government of the Turks and Caicos Islands has signed a major development deal with Molo Hotel Group to build three new IHG-branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos, and Hotel Indigo Turks and Caicos. Set for completion by 2027, these hotels will offer luxury accommodations and amenities along Grace Bay Beach, enhancing the island’s tourism infrastructure. This agreement not only boosts the tourism sector but also aims to foster economic growth and create jobs. Molo Hotel Group will partner with the Turks and Caicos Islands Community College to promote hospitality careers through training programs, career fairs, …
Wessex Fairchild Attorneys rank in Chambers
We proudly announce that our firm has been ranked in Chambers General Business Law category for the third consecutive year, reaffirming our commitment to excellence and client satisfaction. Wessex Fairchild is synonymous with excellence in dispute resolution, a reputation earned through years of dedicated service and successful outcomes. We are honoured by this recognition and remain devoted to delivering legal services to clients across Turks and Caicos. See our ranking at: https://chambers.com/department/wessex-fairchild-attorneys-general-business-law-global-2:852:219:1:23166349 …
LawToolBox Unveils AI for Legal Professionals
LawToolBox, a provider of legal solutions unveiled a suite of AI-powered features that transforms its award-winning experience for legal professionals with groundbreaking advancements in deadline extraction and rules-based calendaring in Microsoft Teams and Outlook. LawToolBox AI amplifies core deadline management functions, safely and responsibly by processing AI behind Microsoft’s enterprise-grade security. The introduction of LawToolBox AI facilitates the conversion of handwritten court orders into actionable deadlines, clause extraction from real estate contracts, automatic deadline tracking in commercial agreements, and more. Highlights of LawToolBox AI include: • Extracting deadlines from emails and attachments then add to user/matter calendar • Mapping deadlines …
Coroner’s Court Created in the Turks and Caicos Islands
The Turks and Caicos Islands’ first Coroner’s Court of the Judiciary of will officially be opened on November 20th, 2023. Her Ladyship Chief Justice Mabel Agyemang in a press release from her office said the establishment of a court dedicated to coronial matters is in response to a growing need to deal with the increasing number of unexplained deaths in the islands. “The resultant backlog requires the focused, urgent attention of a magistrate dedicated to the performance of this very important jurisdiction of the court,” the press release stated. “The function of the Coroner includes the making of orders for …
What is Voir Dire?
Voir dire is a legal term that refers to the process of questioning prospective jurors to determine their qualifications and suitability to serve on a jury in a particular case. The term “voir dire” is derived from French and means “to speak the truth.” This process is an essential part of jury selection and is used to identify any potential biases, prejudices, or conflicts of interest that may affect a juror’s ability to fairly and impartially decide the case. During voir dire, attorneys from both sides (prosecution and defense) have the opportunity to question potential jurors. The goal is to …