Legal Framework
From The Report: Trinidad & Tobago 2016
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This chapter provides an overview of Trinidad and Tobago’s legal framework, covering a range of topics including civil procedure rules, the Foreign Investment Act, free zones and public-private partnerships, among others. It also features a viewpoint from Kenneth Vieira, Senior Partner, J.D. Sellier.

Articles from this Chapter

Overview

Fundamental principles: A robust legal system has been essential for the development of the country’s economy
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Trinidad and Tobago is a vibrant, diverse country that over the past two decades has forged a reputation as one of the leading destinations for direct foreign investment in Latin America and the Caribbean. After the US and Canada, T&T is the third-richest country by GDP at purchasing power parity per capita in the Americas, and as of November 2011 the OECD removed T&T from its list of developing countries. The recent collapse in the price of oil has, however, posed new substantial challenges…

Viewpoint

Seize the day: Kenneth Vieira, Senior Partner, J.D. Sellier, on some opportunities for legislative reform
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The recent collapse in global commodity prices, in particular oil and natural gas, has caused significant challenges to Trinidad and Tobago as a resource-based economy. As a result we are now forced to undertake a major re-evaluation of our economic priorities in light of the new energy paradigm. The government of T&T has signalled its intention to use the current situation as an opportunity to implement some of the long-outstanding reforms and structural adjustments essential to improving T&T’s…