• Legal Action filed at Caribbean Court of Justice
• Compensation sought from Trinidad and Tobago
• Legal Action taken on behalf of Policyholders in OECS Countries
• Treaty of Chaguaramas cited as the basis of the lawsuit.
BACOL will host an online town hall meeting today July 28th at 6:30 p.m. to apprise policyholders of the legal action at the Caribbean Court of Justice (CCJ), seeking fair and equitable compensation for all policyholders of the collapsed British American Insurance Company Ltd (BAICO), and their beneficiaries.
Tonight’s town hall meeting will be addressed by BACOL President, Dr. Patrick Antoine, and the legal team, comprised of Mr. Simon Davenport, Q.C., and Mr. Gregory Pantin.
Registration of policyholders wishing to join the class action is already underway. Policyholders in St.Vincent and the Grenadines may register with any one of the three Country Case Managers. The Case Managers are Kay Bacchus- Baptiste, Stephen Huggins, and Louise Mitchell.
Links to today’s town hall meeting can be found on the BACOL Caribbean and Hairouna Media Facebook Pages.
The quest for financial justice for Policyholders of BAICObegan, with the filing of legal action at the Caribbean Court of Justice on July 13th, 2021, in pursuit of fair and equitable compensation from the Government of the Republic of Trinidad and Tobago.
BACOL, on behalf of its members, has caused the jurisdiction of the CCJ to be invoked, with a view to receiving full compensation on par with that awarded to British American Policyholders from Trinidad and Tobago.
The filing of the lawsuit is a culmination of painstaking work, and a long journey that began with the formation of BACOL, after it emerged that following the collapse
of the insurance company, British American policyholders in the OECS would not be offered compensation on par with that awarded to policyholders from Trinidad and Tobago.