Firm / Organisation

Saunders & Co

Current View:

This content is provided by Saunders & Co.

Managing Partner: Norman Saunders
Languages:English, Spanish, French
Number of lawyers: 5

Firm Overview:
Saunders & Co is one of the leading Turks & Caicos Islands (“TCI”) law firms, offering a full range of legal services to international and local clients. The firm advises TCI’s leading institutions, businesses, and individuals on their most challenging transactions, all of which is delivered to the most exacting standards. Since its inception Saunders & Co has attracted TCI’s most demanding clients, and has dominated TCI’s property and development practice, where it is the firm of choice, at times advising more than half of all major developers in the country, and consistently at the forefront of changes in the area.

Main Areas of Practice:  

Banking & Finance:
1 Partner; 3 fee earners based in Providenciales
• Advising Barclays Private Bank Limited on the security for a $260m loan to a TCI regulated, but globally operating insurance company
• Advising a former owner of Dellis Cay on the security aspects of a $25m vendor financing on the sale of that Island to a recent developer
• Advising a local bank on the regulatory aspects of raising capital from the public, and advising on and arranging the issuance of Government bonds
• Advising and representing the borrower on a $25m loan from CIBC First Caribbean International Bank (Bahamas) Limited
• Representing Lehman Brothers Inc on a $127m construction loan for the Ritz Carlton, West Caicos, along with variations to the security documentation and loan terms, then assignment of the debt to various entities on the lender’s liquidation
• Representing the Bank of San Antonio in securing a loan over local property as collateral security for a debt obligation of a US resident and citizen
Key Clients: Lehman Brothers Inc., Trinidad and Tobago Unit Trust, CIBC First Caribbean International Bank Ltd., The Bank of San Antonio, and TCI Bank Limited.
Contact: Norman Saunders
Tel: 649 941 4500
Email: [email protected]

Property & Resort Development:
1 Partner; 3 fee earners based in Providenciales
• Advising Sedalco Development Company Ltd on its development of the ground breaking Seven Stars resort, the tallest building and first seven story development in the country
• Advising the developers on the development of the Pinnacle on Grace Bay, the Gansevoort, The Yacht Club, the Queen Angel Condominium Resort, The Grandview on Grace Bay, East Bay Resort, the Seven Stars, the Gansevoort, The Tuscany, and the Venetian
• Advising East Bay Resort Ltd on the acquisition of title from a judgment creditor of a failed development, and advising on all planning and regulatory issues in the redevelopment of an abandoned site Key Clients: Vail Resorts/Rock Resorts, East Bay Resort Ltd., Sodalco Development Company Ltd., The Pinnacle on Grace Bay Ltd., The Grandview on Grace Bay Ltd., The Yacht Club Ltd., The Queen Angel Condominiums and Resort, Wymara Ltd (developer of the Gansevoort), The Tuscany Ltd., and The Venetian.
Contact: Norman Saunders
Tel: 649 941 4500
Email: [email protected]
Contact: Larry Caroe
Tel: 649 941 4500
Email: [email protected]

Real Estate & Conveyancing:
1 Partner; 3 fee earners based in Providenciales
• Conducting a three year negotiation of the $23.75m sale of Treasure Beach Resort to the Sandals Group, along with a $13.75m vendor’s take back mortgage, a vendor’s leaseback of part of the acquired site, etc
• Representing a purchaser on a 104 acre purchase of land at North West Point, Providenciales, adjacent to the Aman resort
• Representing both vendors, purchasers, and lender’s in the Island’s most significant property transactions
Contact: Larry Caroe
Tel: 649 941 4500
Email: [email protected]
Contact: Bianca Harvey
Tel: 649 941 4500
Email: [email protected]

Commercial Law:
1 Partner; 3 fee earners based in Providenciales
• Representing AT&T Wireless Inc./Cingular Wireless Inc. on their application and negotiations for a telecommunications license following the Turks & Caicos Islands Government’s deregulation of the 100+ year telecommunications monopoly.
• Providing collateral support, as borrower’s counsel, for a US$200m multicurrency, multi-jurisdiction, syndicated senior secured credit facility, in support of the reorganisation of a pan-Caribbean retail group
Key Clients: Cingular Wireless Inc., the Facey Group, and TCI Bank Limited.
Contact: Norman Saunders
Tel: 649 941 4500
Email: [email protected]
Contact: Bianca Harvey
Tel: 649 941 4500
Email: [email protected]

Litigation:
1 Partner; 2 fee earners based in Providenciales
• Representing a major international hotel group and brand in a US$100m+ claim brought by purchasers, arising out of the group’s agreement to brand a failed condominium resort development
• Representing the receiver and debenture holder in proceedings to recover US$75m+ in debt secured over a private Island development and ancillary assets
• Representing Hewlett Packard Canada on asset recovery following a C$156m fraud, where part of the proceeds of the fraud was invested in TCI real estate
• Representing a client in a $100m+ lawsuit against the Government of the Turks & Caicos Islands, for breach of TCIG’s obligations under a development agreement
• Successfully representing a tourist in a personal injury claim against the Island’s largest water sports company
Key Clients: Hewlett-Packard Company, Trade Wind Industries (The Conch Farm), and The Yacht Club Ltd.
Contact: Monique Allan
Tel: 649 941 4500
Email: [email protected]

Acquisitions:
1 Partner; 2 fee earners based in Providenciales
• Representing the vendors on a $39M management buyout of the shareholders in the Turks & Caicos Sporting Club at Ambergris Cay, a private Island development.
Contact: Larry Caroe
Tel: 649 941 4500
Email: [email protected]
Contact: Bianca Harvey
Tel: 649 941 4500
Email: [email protected]