Arbitration And Mediation In Turks And Caicos

The economy of the Turks and Caicos Islands ("TCI") has seen well above average growth in the past years, notwithstanding a worldwide pandemic.  The tourism sector is of course one of TCI's largest drivers of growth, however the financial services industry and high-end real estate sector have also supported economic development.

As with any economy, real financial and economic growth is accompanied by necessary and required developments to the legal system.  Changes to the legal system combined with economic growth are further a recipe for an increase in litigation.  While adversarial litigation in the court room is most commonly the manner in which disputes are resolved, businesses, individuals and attorneys can sometimes overlook the opportunity for disputes to be resolved through alternative dispute resolution ("ADR").