BACOL Announces Launch of Judicial Campaign for Financial Justice for OECS BRITISH AMERICAN (BAICO) POLICYHOLDERS
29 July 2021
The Montserrat Reporter
Montserrat
BACOL is inviting Policyholders of the collapsed British American Insurance Company Ltd (BAICO) to register and be a part of a lawsuit that will be presented to the CCJ. Many of these policyholders (particularly in the OECS) have lost their entire life savings and BACOL is seeking fair and just financial compensation.
A Zoom town hall meeting for Policyholders in Antigua and Barbuda, St. Lucia, and Montserrat is scheduled for Thursday, July 29, 2021, at 6.30 pm.
https://us02web.zoom.us/j/86225878460?pwd=RHBYZ3ZtR2RrTTQ0bmVXcCtQLzRNUT09
The following release precedes this zoom meeting:
St. George, Grenada.
July 28th, 2021
BACOL ANNOUNCES LAUNCH OF JUDICIAL CAMPAIGN FOR FINANCIAL JUSTICEFOR OECS BRITISH AMERICAN (BAICO) POLICY HOLDERS
- 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 basis of lawsuit.
BACOL will host an online town hall meeting today Thursday, July 29th 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 Montserrat may register with Kharl Markham of the firm Allen Markham and Associates.
The quest for financial justice for Policyholders of BAICO began, with the filing of a 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.
BACOL is inviting Policyholders of the collapsed British American Insurance Company Ltd (BAICO) to register and be a part of a lawsuit that will be presented to the CCJ. Many of these policyholders (particularly in the OECS) have lost their entire life savings and BACOL is seeking fair and just financial compensation.
A Zoom town hall meeting for Policyholders in Antigua and Barbuda, St. Lucia, and Montserrat is scheduled for Thursday, July 29, 2021, at 6.30 pm.
https://us02web.zoom.us/j/86225878460?pwd=RHBYZ3ZtR2RrTTQ0bmVXcCtQLzRNUT09
For further information: Call (WhatsApp only) +1 784 491-2813 (SVG), +1 473 405-2225 (Grenada), +1 868 291-4082 (Trinidad & Tobago) or visit www.bacol.info
