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	<title>Clico &#8211; Ministry of Finance</title>
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	<description>Government of the Republic of Trinidad &#38; Tobago</description>
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		<title>Media Release: AGOJ2021/001 Ellis Richards and Others v The State of Trinidad and Tobago Caribbean Court of Justice</title>
		<link>https://www.finance.gov.tt/2024/10/23/media-release-agoj2021-001-ellis-richards-and-others-v-the-state-of-trinidad-and-tobago-caribbean-court-of-justice/</link>
		
		<dc:creator><![CDATA[Ministry of Finance]]></dc:creator>
		<pubDate>Wed, 23 Oct 2024 18:23:07 +0000</pubDate>
				<category><![CDATA[Media Release]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[2024]]></category>
		<category><![CDATA[Clico]]></category>
		<guid isPermaLink="false">https://www.finance.gov.tt/?p=44033</guid>

					<description><![CDATA[The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that yesterday the Caribbean Court of Justice (“CCJ”) dismissed the claim brought by Ellis Richards and others against Trinidad and Tobago in relation to the CL Financial bailout in 2009, which excluded annuity and investment products issued by British American Insurance Company Limited (a&#8230;<p class="more-link"><a href="https://www.finance.gov.tt/2024/10/23/media-release-agoj2021-001-ellis-richards-and-others-v-the-state-of-trinidad-and-tobago-caribbean-court-of-justice/"><span>Read More</span><i>&#43;</i></a></p>]]></description>
										<content:encoded><![CDATA[
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<p class="wp-block-paragraph">The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that yesterday the Caribbean Court of Justice (“CCJ”) <strong><u>dismissed</u></strong> the claim brought by Ellis Richards and others against Trinidad and Tobago in relation to the CL Financial bailout in 2009, which excluded annuity and investment products issued by British American Insurance Company Limited (a company incorporated in the Bahamas). This decision follows the earlier decision of the CCJ delivered on March 8, 2023 and reported in <em>Ellis Richards and others (No. 1) v The State of Trinidad and Tobago [2023] CCJ 1</em>, in which the State <strong><u>was also successful</u></strong> (both decisions are enclosed).</p>
</blockquote>



<div class="wp-block-advgb-button alignnone"><a class="wp-block-advgb-button_link advgbbtn-0601e5fa-1508-4df0-a98d-12773fc678c1" href="https://www.finance.gov.tt/wp-content/uploads/2024/10/CCJ-case-Richards-v.-the-State-of-Trinidad-and-Tobago.pdf" target="_blank" rel="noopener noreferrer"><span><strong><em>Click to view the full Media Release</em></strong></span></a></div>
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<div class="wp-block-advgb-button alignnone"><a class="wp-block-advgb-button_link advgbbtn-615dd1be-30ee-4800-9174-780a5ae0124e" href="https://www.finance.gov.tt/wp-content/uploads/2024/10/Judgment-Ellis-Richards-and-others-v-TT.pdf" target="_blank" rel="noopener noreferrer"><span><strong><em>Judgment &#8211; Ellis Richards and others v TT</em></strong></span></a></div>
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<div class="wp-block-advgb-button alignnone"><a class="wp-block-advgb-button_link advgbbtn-0d8bc2d6-0879-4916-93ea-ccebbaec9e2a" href="https://www.finance.gov.tt/wp-content/uploads/2024/10/2023_CCJ_1_OJ.pdf" target="_blank" rel="noopener noreferrer"><span><strong><em>CCJ Application No AGOJ2021/001</em></strong></span></a></div>
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			</item>
		<item>
		<title>Media Release- Peter Permell sold his CLICO EFPA Policies in 2012</title>
		<link>https://www.finance.gov.tt/2017/08/04/media-release-peter-permell-sold-his-clico-efpa-policies-in-2012/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Fri, 04 Aug 2017 21:51:09 +0000</pubDate>
				<category><![CDATA[Media Release]]></category>
		<category><![CDATA[Clico]]></category>
		<guid isPermaLink="false">http://www.finance.gov.tt/?p=6468</guid>

					<description><![CDATA[Media Release- Peter Permell sold his CLICO EFPA Policies in 2012]]></description>
										<content:encoded><![CDATA[<p><em><strong><a href="http://www.finance.gov.tt/wp-content/uploads/2017/08/Media-Release-Peter-Permell-sold-his-CLICO-EFPA-Policies-in-2012.docx.pdf">Media Release- Peter Permell sold his CLICO EFPA Policies in 2012</a></strong></em></p>
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		<item>
		<title>Media Release- Professional Fees for CLICO-CLF Bailout</title>
		<link>https://www.finance.gov.tt/2017/08/04/media-release-professional-fees-for-clico-clf-bailout/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Fri, 04 Aug 2017 13:07:50 +0000</pubDate>
				<category><![CDATA[Media Release]]></category>
		<category><![CDATA[Clico]]></category>
		<category><![CDATA[Ministry of Finance]]></category>
		<guid isPermaLink="false">http://www.finance.gov.tt/?p=6460</guid>

					<description><![CDATA[Media Release- Professional Fees for CLICO-CLF Bailout]]></description>
										<content:encoded><![CDATA[<p><em><strong><a href="http://www.finance.gov.tt/wp-content/uploads/2017/08/Media-Release-Professional-Fees-for-CLICO-CLF-Bailout.pdf">Media Release- Professional Fees for CLICO-CLF Bailout</a></strong></em></p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Media Release: No move by Government to wind up CLICO</title>
		<link>https://www.finance.gov.tt/2017/07/14/media-release-no-move-by-government-to-wind-up-clico/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Fri, 14 Jul 2017 12:44:27 +0000</pubDate>
				<category><![CDATA[Media Release]]></category>
		<category><![CDATA[Clico]]></category>
		<guid isPermaLink="false">http://www.finance.gov.tt/?p=6376</guid>

					<description><![CDATA[Media Release &#8211; No moves to wind up CLICO ]]></description>
										<content:encoded><![CDATA[<p><a href="http://www.finance.gov.tt/wp-content/uploads/2017/07/Media-Release-No-moves-to-wind-up-CLICO-002.pdf">Media Release &#8211; No moves to wind up CLICO </a></p>
]]></content:encoded>
					
		
		
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		<item>
		<title>Statement by the Hon. Colm Imbert,  Minister of Finance on the Resolution of CLICO as presented in the Senate on 7/7/2016</title>
		<link>https://www.finance.gov.tt/2016/07/07/statement-by-the-hon-colm-imbert-minister-of-finance-on-the-resolution-of-clico-as-presented-in-the-senate-on-772016/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Thu, 07 Jul 2016 20:02:49 +0000</pubDate>
				<category><![CDATA[Speeches]]></category>
		<category><![CDATA[Clico]]></category>
		<category><![CDATA[Minister of Finance]]></category>
		<guid isPermaLink="false">http://www.finance.gov.tt/?p=4908</guid>

					<description><![CDATA[Statement on CLICO &#8211; Senate- July 7 2016 Final Version]]></description>
										<content:encoded><![CDATA[<p><em><strong><a href="http://www.finance.gov.tt/wp-content/uploads/2016/07/Statement-on-CLICO-Senate-July-7-2016-Final-Version.pdf">Statement on CLICO &#8211; Senate- July 7 2016 Final Version</a></strong></em></p>
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		<item>
		<title>Over One billion paid out to CLICO and BAT EFPA Holders</title>
		<link>https://www.finance.gov.tt/2012/01/16/over-one-billion-paid-out-to-clico-and-bat-efpa-holders/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Mon, 16 Jan 2012 04:00:00 +0000</pubDate>
				<category><![CDATA[Media Release]]></category>
		<category><![CDATA[Clico]]></category>
		<guid isPermaLink="false">http://192.168.1.4:306/?p=1304</guid>

					<description><![CDATA[Government has to date made approximately TT$1.1 billion in payments to CLICO and BAT Executive Flexible Premium annuity (EFPA) contract owners with contracts valued at $75,000 or more. This represents payments to 2,177 persons. Documents Over One billion paid out to CLICO and BAT EFPA Holders (PDF)]]></description>
										<content:encoded><![CDATA[<p>Government has to date made approximately TT$1.1 billion in payments to CLICO and BAT Executive Flexible Premium annuity (EFPA) contract owners with contracts valued at $75,000 or more. This represents payments to 2,177 persons.</p>
<h2>Documents</h2>
<p><a href="/wp-content/uploads/2014/02/Over-One-billion-paid-out-to-CLICO-and-BAT-EFPA-Holders-.pdf" target="_blank" rel="noopener noreferrer"><br />
	Over One billion paid out to CLICO and BAT EFPA Holders  (PDF)</a></p>
]]></content:encoded>
					
		
		
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		<item>
		<title>Clico to appeal High Court Judgement.</title>
		<link>https://www.finance.gov.tt/2011/07/25/clico-to-appeal-high-court-judgement/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Mon, 25 Jul 2011 00:00:00 +0000</pubDate>
				<category><![CDATA[Media Release]]></category>
		<category><![CDATA[Clico]]></category>
		<guid isPermaLink="false">http://192.168.1.4:306/?p=1188</guid>

					<description><![CDATA[The Ministry of Finance wishes to advise that CLICO intends to appeal the recent High Court judgement dated 22nd July, 2011 against CLICO. Documents Clico to appeal High Court Judgement. (PDF)]]></description>
										<content:encoded><![CDATA[<p>The Ministry of Finance wishes to advise that CLICO intends to appeal the recent High Court judgement dated 22nd July, 2011 against CLICO.</p>
<h2>Documents</h2>
<p><a href="/wp-content/uploads/2014/02/Clico-to-appeal-High-Court-Judgement.-.pdf" target="_blank" rel="noopener noreferrer"><br />
	Clico to appeal High Court Judgement. (PDF)</a></p>
]]></content:encoded>
					
		
		
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		<item>
		<title>Moving from Promises to Performance: The Underpinnings of the 2011 Budget</title>
		<link>https://www.finance.gov.tt/2010/09/30/moving-from-promises-to-performance-the-underpinnings-of-the-2011-budget/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Thu, 30 Sep 2010 00:00:00 +0000</pubDate>
				<category><![CDATA[Speeches]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[Clico]]></category>
		<guid isPermaLink="false">http://192.168.1.4:306/?p=1704</guid>

					<description><![CDATA[Documents Moving from Promises to Performance: The Underpinnings of the 2011 Budget (PDF)]]></description>
										<content:encoded><![CDATA[<h2>Documents</h2>
<p><a href="/wp-content/uploads/2014/02/Promises to Performance.pdf" target="_blank" rel="noopener noreferrer"><br />
	Moving from Promises to Performance: The Underpinnings of the 2011 Budget (PDF)</a></p>
]]></content:encoded>
					
		
		
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		<item>
		<title>Remarks by the Honourable Winston Dookeran, Minister of Finance At the Media Briefing on CLICO/BAICO Proposal</title>
		<link>https://www.finance.gov.tt/2010/09/28/remarks-by-the-honourable-winston-dookeran-minister-of-finance-at-the-media-briefing-on-clicobaico-proposal/</link>
		
		<dc:creator><![CDATA[sfadmin]]></dc:creator>
		<pubDate>Tue, 28 Sep 2010 00:00:00 +0000</pubDate>
				<category><![CDATA[Speeches]]></category>
		<category><![CDATA[Clico]]></category>
		<guid isPermaLink="false">http://192.168.1.4:306/?p=1712</guid>

					<description><![CDATA[Documents Remarks by the Honourable Winston Dookeran, Minister of Finance At the Media Briefing on CLICO/BAICO Proposal (PDF)]]></description>
										<content:encoded><![CDATA[<h2>Documents</h2>
<p><a href="/wp-content/uploads/2014/02/Media Briefing on CLICO-BAICO Proposal.pdf" target="_blank" rel="noopener noreferrer"><br />
	Remarks by the Honourable Winston Dookeran, Minister of Finance At the Media Briefing on CLICO/BAICO Proposal (PDF)</a></p>
]]></content:encoded>
					
		
		
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