TCI Amends Ordinance to Combat Illicit Financial Activities
The TCI Government has amended the Invest Turks and Caicos Islands Agency Ordinance to empower the agency to develop stringent due diligence policies in an effort to combat money laundering, terrorist financing, and other illicit financial activities. The move came in the wake of the arrest of Sam Bankman-Fried, founder and CEO of the cryptocurrency exchange FTX which collapsed in November 2022. He was indicted on multiple criminal fraud charges levied by the U.S. Attorney of the Southern District of New York, Damian Williams. Williams called Bankman-Fried’s actions “one of the biggest financial frauds” in American history. Hon. Erwin “Jay” …
TCI and UK Governments Review Management of Crown Land
TCI and UK Governments recently commissioned a joint independent review of the management of Crown Land in the Turks and Caicos Islands. Members of the public and a wide range of stakeholders were consulted by Attorney at law Mr R Donhue Gardiner, TCI Attorney with experience in land law and policy development in TCI, and Professor Simon Cooper PhD, an expert in Caribbean land law and registration systems. The final report, published on 1st December 2022 contains 146 joint recommendations, to improve the management of this resource and maximise its use for the benefit of all the people of TCI. …
Third Party Disclosure and Jurisdiction
Following a significant court decision, third party disclosure orders could be served on Turks and Caicos Island (TCI) businesses and other organizations by English courts. ParrisWhittaker’s commercial litigation attorneys, who have won awards in the past, have extensive experience representing individuals and businesses that have been served with disclosure and other orders within the TCI and the jurisdictions that surround it. A third party disclosure order is an one which requires a person or organisation who isn’t party to the litigation to disclose information or documents in its possession. The Norwich Pharmacal Order is one example, and it can be …
Musician John Legend Shares Investing Tips with Brooklyn Law Class
Grammy Award-winning musician and a veteran investor for several business startups, John Legend shared investing tips with a Brooklyn law class. Mitchell Littman, a professor at the Brooklyn Law School, gave an informative lecture in his Transactional Skills for Startups class using Legend’s investing experience. The musician shared his insights on how he compares startups through a dashboard software created by one of his advisors. The insights shed light on how people should effectively evaluate startups in their early stages. The crucial factors to consider when evaluating the investment health of startups as shared by Legend include: Look at the …
Justice K. Neville Adderley appointed as Acting President of TCI Court of Appeal
His Excellency Governor Nigel Dakin on November 15, 2022 appointed Mr. Justice K. Neville Adderley as acting President of the Court of Appeal with effect from 16 January, 2023 to 28 February, 2023. The Hon. Mr. Justice K. Neville Adderley has served as a non-resident Justice of the Court of Appeal of the Turks and Caicos Islands for the past 6 years. Justice Adderley is a former Bahamian Senator and has served as a member of the Bahamas’ Judiciary at the commercial bar for several years. He was a Justice of the Supreme Court for five years and at the …
Cayman Islands Hosts Historic Privy Council Meeting
In another historic first for the Cayman Islands and the Overseas Territories (OTs), the Judicial Committee of the Privy Council (JCPC) opened its Sitting in the Cayman Islands on Tuesday, 15 November 2022. The four-day Sitting will conclude on Friday, 18 November. In addition to conducting hearings, the Justices have been engaged in several informationsharing initiatives designed to add value to the visit for the Cayman Islands. These include a “Court Users” meeting, to be attended by a cross-section of legal practitioners; a meeting with senior highschool-aged students from St. Ignatius High, Cayman Prep High, and the “Dual Enrolment” programme …
What is Attorney-Client Privilege
Attorney-client privilege is a legal principle that protects communications between a client and their lawyer from being disclosed without the client’s consent. This privilege applies to both oral and written communications, and applies in a variety of legal contexts, including criminal cases, civil litigation, and regulatory investigations. It is intended to encourage clients to make full and frank disclosures to their attorneys so that the attorneys can provide effective legal representation. The attorney–client privilege is one of the oldest privileges for confidential communications. What’s Covered Under Attorney Client Privilege? The attorney-client privilege in the United States is often defined by …
Demystifying Esquire, Attorney, and Lawyer
The terms “esquire,” “attorney,” and “lawyer” are often used interchangeably to refer to professionals who practice law. However, there are some differences in the specific meanings of these terms. In the United States, an “esquire” (abbreviated as “Esq.”) is a title that is often used by lawyers. It is typically added to the end of a lawyer’s name, and it is used as a formal indication of their profession. An “attorney” is a person who is qualified to practice law and provide legal representation to clients. In the United States, an attorney is a general term that can be used …
What is the Privy Council
The Privy Council of the United Kingdom is a formal body of advisers to the British monarch. It is made up of various senior politicians, judges, and other officials who are appointed by the monarch on the advice of the Prime Minister. The Privy Council has a number of functions, including acting as a court of final appeal for a number of countries and territories that are part of the Commonwealth of Nations. It also has the power to issue orders and ordinances on behalf of the monarch, and it serves as a ceremonial body for certain formal occasions. In …
What Is Intellectual Property?
Intellectual property is a broad category that refers to the collection of intangible assets that a company or individual owns. These are legally protected from being used or implemented by anyone else without their explicit permission. A non-physical asset that a business or individual owns is an intangible asset. The idea of intellectual property is that certain products of human thought ought to be protected in the same way that physical property, also known as tangible assets, is protected. Legal safeguards for both types of property are in place in the majority of developed economies. Understanding Intellectual Property Given its …