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Examples
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As CLICO's lawyer, PM Thompson helped to build the CLICO house of cards
Barbados Free Press 2010
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Cabinet approved $5 billion to fill CLICO's statutory fund gap last year and through a promissory note, $1.9 billion was dispensed to repay institutional and individual depositors who were owed hundreds of millions of dollars after CLICO and another CL subsidiary CLICO Investment Bank (CIB) could not cash their investment policies.
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It also failed to dispose of the 55 per cent shares in Republic Bank to make cash available to repay CLICO's destitute depositors.
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That's actually just following the old pattern established when David Thompson was CLICO's lawyer in the days before he became our Prime Minister.
Barbados Free Press 2010
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This means that all of CLICO's assets will be sold to pay off its creditors, and the remaining assets, if any are available, will be distributed to the principals of the company.
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The provisional liquidator's report showed that as of March 18, CLICO's liabilities were in excess of its assets by $18 million.
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Please note that this liquidity support is not to save CLICO's investments but to ensure the safety of policyholder's deposits.
unknown title 2009
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Nearly 400 annuities are on CLICO's books, The Guardian understands.
unknown title 2009
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The provisional liquidator's report showed that as of March 18, 2009 CLICO's liabilities were in excess of its assets by US$18 million.
Stabroek News 2009
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Higgins argued that the case would be stalled indefinitely if the court were to go after the US$50 million guarantee in Trinidad and Tobago, where CLICO's parent company CL Financial is located.
Stabroek News 2009
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