Tim Prudhoe Compares New TCI Draft Insolvency Legislation With Existing BVI Regime
September 5, 2017
Publication: INSOL International
The Turks and Caicos Islands (TCI) have had an impressive legislative agenda of late that has included innovative trusts legislation and a comprehensive new Companies Ordinance — the main parts of which will come into force October 1. The companies legislation is nearing completion and will be the first time that TCI has ever had a statute dealing with insolvency issues that does not simply form a subset of company legislation. In a recent INSOL International article, Tim Prudhoe sets out some of the highlights from a comparison between the TCI draft legislation and the British Virgin Islands legislation on which the intended new TCI insolvency regime is based.