CURRICULUM VITAE of Richard Savory

Professional Qualifications and Experience:
Richard Savory is the founder and principal of the Turks & Caicos Islands law firm of Savory & Co. Mr. Savory holds degrees in law and commercial law from the University of Auckland, New Zealand and has resided in the Turks & Caicos since 1981. He was President of the Bar Association from 1988 to 1990 and again from 1995 to 1999. He was appointed Acting Judge of the Supreme Court in May 1998, and Election Adjudicator in the 1999 General Elections. In June 1999, he was appointed by the Governor to the offices of Justice of the Peace and Notary Public.

His firm represents several of the major corporations operating in Turks & Caicos, and has been involved in several substantial financing and restructuring transactions, for both onshore and offshore clients.

Mr. Savory has had a long involvement in commercial real estate, including representation of the purchasers and developers of major resort properties in Providenciales. He was responsible for bringing into force the present condominium administration and has had first-hand involvement in issues relating to developers and managers of condominium projects in the Islands and elsewhere. He has had wide experience of advocacy before the TCI Courts, including action as counsel in major international liquidations and asset-tracing actions. He is experienced in forensic financial investigations and, with his accounting qualifications, is able to communicate on a technical level with accountants and bankers. He has had four successful appearances in the Court of Appeal (one involving the death penalty), and in 1999, he appeared as junior counsel in a commercial case before the Judicial Committee of the Privy Council, in which judgment was given to his client’s favour (Keller v. Williams [2000] 2 BCLC 390).

Mr. Savory has had a long and close association with the drafting of TCI’s financial services legislation: the Companies Ordinance and subsequent amendments (including Limited Life Companies and Foundation type companies), the Banking Ordinance and Banking Regulations, the Insurance Ordinance and Insurance Regulations, the Trust Ordinance, the Trustees (Licensing) Ordinance, the Limited Partnerships Ordinance and all subsequent amendments. He was commissioned by the TCI Bar Association to draft the Legal Profession Ordinance and participated in drafting meetings leading to it’s enactment in 1997.

Mr. Savory incorporated the following not-for-profit organizations: Chamber of Commerce, Financial Industry Association, Bankers Association of the Turks & Caicos, Association of Licensed Trustees, Turks & Caicos Real Estate Association, TCI Contractors Association, and TCI Education Foundation.

Authorships:
Outline of Turks & Caicos Islands as an International Offshore Finance Center
- (TCI 1989, 1991, 1993)
Land Purchase & Residence
- (Offshore Investment Magazine: “Close up: Turks & Caicos”, 1988)
Turks & Caicos Trusts
- (Inner Temple yearbook 1991/1992/ London; Times of the Islands, Summer 1991)
TCI: “A Specialist Jurisdiction”
- (Times of the Islands, Winter 1994/95)
Condominium Law in the Turks & Caicos Islands
- (Times of the Islands, Winter 1997/98)
Editor for Turks & Caicos, International Offshore Finance Centers Manual
- (Commerce Clearing House, 1990)
Contributor of the OFC Report 1992 and The OFC Report 1995/96
- (Ed. Milton Grundy)
Offshore Trust Yearbook 1993
- (International Money Marketing)

Memberships:
Turks & Caicos Islands Bar Association
International Bar Association,
Financial Industry Association (Bar Association Representative)
Turks & Caicos Real Estate Association (Treasurer)

Past Memberships:
Financial Industry Liaison Committee
Financial Services Law Group
Trusts Technical Committee
Law Revision Committee

Other Positions:
TCI Education Foundation
- Founder & Secretary
British West Indies Collegiate
- Chairman, Board of Governors

Areas of Practice:
Commercial Law, Companies, Trusts, Financial Services, Development, Real Estate, Immigration and Business Establishment, and Commercial Litigation.