Peter Knox QC, Robert Strang, Howard Stevens QC, Rowan Pennington-Benton and Professor Satvinder Juss are in today’s Times Law Report in the matter of United Policyholders Group and Others v Attorney General of Trinidad and Tobago.
1.The appellants, who are all residents of Trinidad and Tobago, are holders of life policies issued by the Colonial Life Insurance Company (CLICO). Their claim arises out of the banking crisis in early 2009 when CLICO was in serious financial difficulties. That claim is based on assurances of support for CLICO given by the then government, which they say created a “legitimate expectation” enforceable in law. They assert that, following the elections in May 2010, the new government failed to honour that expectation, and that they are entitled to relief accordingly. Their claim succeeded in the High Court but failed in the Court of Appeal.
Judgment can be downloaded here
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