Articles & Research Library

Comprehensive collection of academic papers, policy documents, court judgments, and regulatory materials on Caribbean insurance insolvency, judicial management, and corporate restructuring.

Showing 35 of 35 articles

academicResearch Paper
CLICO's Collapse: Poor Corporate Governance
ResearchGate • ResearchGate • 2016

Analysis of corporate governance failures that led to CLICO's collapse in 2009.

Keywords

CLICOCorporate GovernanceInsurance FailureCaribbean
academicResearch Paper
A Study of Corporate Failure and the Political Economy of Financial Regulation in Trinidad and Tobago and the Caribbean
ResearchGate • ResearchGate • 2016

Examination of regulatory failure and political economy factors in Caribbean financial crises.

Keywords

RegulationPolitical EconomyTrinidadFinancial Crisis
academicJournal Article
Reforming Insurance Law in the Caribbean
S. Miller • International Insurance Law Review • 2023

How North American insurance law practices can inform Caribbean reforms.

Keywords

Insurance LawReformNorth AmericaCaribbean
policyBook Chapter
The Insurance Sector and the Collapse of CL Financial
HK Monroe • IMF E-Library • 2012

OECS/ECCU exposure to BAICO and CLICO collapses - Chapter 12 analysis.

Keywords

CL FinancialBAICOCLICOOECSIMF
academicTextbook
Commonwealth Caribbean Insurance Law
Multiple Authors • Academic Publisher • 2020

Comprehensive textbook on central principles of insurance law in the Caribbean.

Keywords

Insurance LawCommonwealth CaribbeanTextbookLegal Principles
academicJournal Article
The Development of Insolvency Law in the Commonwealth Caribbean
TB DeSieno • Journal of Transnational Law & Policy • 1994 • Cited by 1

Historical development of insolvency laws in Caribbean nations.

Keywords

Insolvency LawCaribbeanLegal DevelopmentHistory
legalReview Article
Corporate Insolvency and Restructuring in the Wider Commonwealth Caribbean
Global Restructuring Review • Global Restructuring Review • December 9, 2022

Overview of corporate insolvency and restructuring regimes across the Caribbean.

Keywords

Corporate InsolvencyRestructuringCaribbeanLegal Framework
legalJournal Article
An Analysis of the Duties of Directors upon Insolvency
UWI St. Augustine Law Review • UWI St. Augustine Law Review • 2021

Analysis of wrongful trading provisions and director duties in insolvency contexts.

Keywords

Director DutiesInsolvencyWrongful TradingCorporate Law
academicJournal Article
On the meaning of bankruptcy: 'Old–new' lexicon in corporate insolvency law in the Commonwealth Caribbean
Sage Journals • Sage Journals • 2023

Analysis of insolvency terminology and statutes transplanted from Canada to the Caribbean.

Keywords

BankruptcyInsolvencyTerminologyCanadian Law
policyPolicy Paper
THE CL FINANCIAL DEBACLE — FOUR YEARS LATER
CERT • Caribbean Economic Research Team • January 15, 2013

Regional evaluation of CLICO and BAICO problems four years after collapse.

Keywords

CL FinancialCLICOBAICORegional Impact
policyConference Paper
Policy implications of the Failure of the C L Financial Group
Mariano Browne • UWI Finance Conference • 2011

Insurance liabilities estimated at 17% of ECCU GDP - policy implications analysis.

Keywords

CL FinancialPolicyECCUGDP Impact
policyReport
Recent financial failures in the Caribbean–What were the causes and what lessons can be learnt
William Layne • Independent • 2015

Analysis of causes and lessons from Caribbean financial failures.

Keywords

Financial CrisisCaribbeanLessons LearnedAnalysis
policyConference Paper
The Causes and Consequences of Failures of Financial Institutions in Antigua and Barbuda
M. Williams • UWI Finance Conference 2013 • 2013

Banking and insurance failures including BAICO and CLICO in Antigua and Barbuda.

Keywords

Antigua and BarbudaBanking FailureBAICOCLICO
legalCourt Judgment
Caribbean Court of Justice Judgment [2024] CCJ 2 (OJ)
Caribbean Court of Justice • Caribbean Court of Justice • October 22, 2024

Trinidad and Tobago Treaty breach claim regarding BAICO vs CLICO bailout differential treatment.

Keywords

CCJTreaty BreachBAICOCLICOTrinidad
regulatoryLegislation
Antigua and Barbuda Plan of Arrangement (BAICO and CLICO) Bill
Government of Antigua and Barbuda • Government of Antigua and Barbuda • 2011

Legal framework for BAICO and CLICO resolution in Antigua and Barbuda.

Keywords

LegislationPlan of ArrangementBAICOCLICOAntigua
regulatoryLegislation
St. Lucia Insurance Act Chapter 12.08
Government of St. Lucia • Financial Services Regulatory Authority St. Lucia • December 31, 2008

Judicial management provisions in St. Lucia insurance law.

Keywords

Insurance ActSt. LuciaJudicial ManagementLegislation
regulatoryReport
ECCB Financial Stability Reports - BAICO and CLICO Response
Eastern Caribbean Central Bank • Eastern Caribbean Central Bank • 2009

ECCU governments' response to BAICO and CLICO insurance failures.

Keywords

ECCBFinancial StabilityBAICOCLICOECCU
policySpeech
Enhancing regional cooperation across the Caribbean
Dr Kevin Greenidge • Bank for International Settlements • December 16, 2024

Speech by Governor of Central Bank of Barbados on regional cooperation on insolvency matters at INSOL Caribbean Round Table.

Keywords

Regional CooperationInsolvencyINSOLBarbadosCaribbean
academicResearch Paper
CLICO's Collapse: Poor Corporate Governance
Wayne Soverall • American International Journal of Contemporary Research • 2012-02-01 • Cited by 25

Analysis of corporate governance failures that led to CLICO's collapse in 2009, examining the breakdown of oversight mechanisms and fiduciary duties.

Keywords

CLICOCorporate GovernanceInsurance FailureCaribbeanFiduciary Duty
legalCourt Judgment
CL Financial Judicial Managers v Attorney General
Judicial Committee of the Privy Council • Privy Council • 2025-01-15 • Cited by 0

Privy Council judgment on the remuneration of judicial managers appointed to CL Financial Group, establishing precedents for compensation in complex multi-jurisdictional insolvencies.

Keywords

Privy CouncilJudicial ManagementCL FinancialTrinidadRemuneration
legalCourt Judgment
Central Bank of Trinidad and Tobago v Attorney General
Judicial Committee of the Privy Council • Privy Council • 2022-06-20 • Cited by 3

Judicial review of Central Bank regulatory actions in the CLICO matter, examining the scope of regulatory authority in insurance insolvencies.

Keywords

Privy CouncilCentral BankJudicial ReviewCLICORegulatory Authority
academicResearch Paper
The CL Financial Debacle: A Financial Analysis
LR Gordon • Caribbean Centre for Money and Finance • 2010-03-01 • Cited by 18

Comprehensive financial analysis of the CL Financial Group collapse, examining asset valuation issues, liquidity problems, and the systemic risks posed to Caribbean financial systems.

Keywords

CL FinancialFinancial AnalysisCaribbeanAsset ValuationSystemic Risk
policySpeech
Enhancing regional cooperation across the Caribbean
Dr. Kevin Greenidge • Bank for International Settlements • 2024-12-16 • Cited by 0

Speech by Governor of Central Bank of Barbados on enhancing regional cooperation on insolvency matters, delivered at INSOL International conference.

Keywords

Regional CooperationInsolvencyINSOLBarbadosCaribbeanCross-Border
academicResearch Paper
The BAICO Liquidation: Lessons from 15 Years of Judicial Management
Marlon Yarde, Peter Clarke • Caribbean Law Review • 2024-09-01 • Cited by 2

Comprehensive study of the BAICO judicial management spanning 2009-2024, analyzing recovery rates, asset realization challenges, and policyholder outcomes across six Caribbean jurisdictions.

Keywords

BAICOJudicial ManagementLiquidationCaribbeanAsset RecoveryPolicyholders
legalCourt Judgment
Commissiong v BAICO Judicial Managers
Caribbean Court of Justice • Caribbean Court of Justice • 2024-03-12 • Cited by 5

CCJ judgment on discrimination claims in BAICO policyholder distributions, examining equal treatment principles in cross-border insolvencies.

Keywords

CCJBAICODiscriminationEqual TreatmentPolicyholdersCaribbean
regulatoryResearch Paper
Harmonizing Insurance Regulation in the OECS: A Comparative Analysis
Dr. Patricia Francis, James Mitchell • OECS Commission • 2023-11-01 • Cited by 8

Analysis of insurance regulatory frameworks across OECS member states, identifying gaps and proposing harmonization measures following the BAICO and CLICO crises.

Keywords

OECSInsurance RegulationHarmonizationRegulatory FrameworkCaribbean
academicResearch Paper
Detecting and Preventing Non-Arms Length Transactions in Insurance Companies
Dr. Sarah Thompson, Michael Roberts • Journal of Insurance Regulation • 2023-06-15 • Cited by 12

Framework for detecting non-arms length transactions in insurance companies, with case studies from CLICO St. Kitts and other Caribbean insurers.

Keywords

Non-Arms Length TransactionsInsuranceDetectionCLICORelated Party Transactions
academicResearch Paper
LIAT Airlines: A Case Study in Regional Airline Insolvency
Professor Anthony Johnson, Dr. Maria Rodriguez • Caribbean Aviation Journal • 2024-08-01 • Cited by 4

Examination of LIAT's multiple judicial management placements (1974, 1995, 2020), analyzing the unique challenges of regional airline insolvencies and multi-government stakeholder coordination.

Keywords

LIATJudicial ManagementAviationRegional CooperationCaribbeanInsolvency
policyPolicy Paper
Developing Cross-Border Insolvency Protocols for the Caribbean
Judge Harold Benjamin, Dr. Alicia Williams • Commonwealth Secretariat • 2023-10-01 • Cited by 15

Proposal for standardized cross-border insolvency protocols in the Caribbean, drawing on BAICO and CLICO experiences to improve multi-jurisdictional coordination.

Keywords

Cross-Border InsolvencyCaribbeanProtocolsMulti-JurisdictionalUNCITRAL Model Law
legalResearch Paper
Fiduciary Duties of Judicial Managers: Caribbean Perspectives
Professor David Chen, Lisa Martinez • Caribbean Law Journal • 2022-12-01 • Cited by 20

Analysis of fiduciary duties owed by judicial managers to various stakeholders, examining conflicts of interest and duty in Caribbean judicial management cases.

Keywords

Fiduciary DutiesJudicial ManagementConflicts of InterestCaribbeanLegal Framework
policyResearch Paper
Insurance Guarantee Schemes in Small Island Developing States
Dr. Robert Taylor, Emma Wilson • World Bank • 2023-04-01 • Cited by 10

Examination of insurance guarantee scheme models suitable for Caribbean SIDS, analyzing policyholder protection mechanisms following BAICO and CLICO collapses.

Keywords

Insurance Guarantee SchemesPolicyholder ProtectionCaribbeanSIDSFinancial Safety Net
academicResearch Paper
Asset Valuation Challenges in Caribbean Judicial Management
Dr. Christopher Lee, Sandra Brown • Journal of Emerging Markets Finance • 2022-09-01 • Cited by 14

Analysis of asset valuation challenges in illiquid Caribbean markets, with focus on real estate and investment portfolios in BAICO and CLICO estates.

Keywords

Asset ValuationIlliquid MarketsCaribbeanReal EstateJudicial Management
regulatoryResearch Paper
Regulatory Forbearance and Insurance Failures in the Caribbean
Professor Janet Anderson, Dr. Mark Phillips • IMF Working Papers • 2021-11-01 • Cited by 22

Examination of regulatory forbearance practices that contributed to CLICO and BAICO failures, proposing enhanced supervisory frameworks for Caribbean insurance regulators.

Keywords

Regulatory ForbearanceInsurance SupervisionCaribbeanRegulatory FailureIMF
legalResearch Paper
Protecting Policyholder Rights in Caribbean Insurance Insolvencies
Dr. Michelle Garcia, Thomas White • Insurance Law Review • 2022-05-01 • Cited by 16

Comprehensive analysis of policyholder rights and remedies in Caribbean insurance insolvencies, examining priority of claims and distribution mechanisms.

Keywords

Policyholder RightsInsurance InsolvencyCaribbeanPriority of ClaimsLegal Remedies
academicResearch Paper
Systemic Risk and Contagion in Caribbean Financial Systems: The CL Financial Crisis
Professor Richard Davis, Dr. Nicole Campbell • Journal of Financial Stability • 2021-08-01 • Cited by 28

Analysis of systemic risk and contagion effects from the CL Financial crisis across Caribbean financial systems, examining interconnectedness and regulatory responses.

Keywords

Systemic RiskContagionCL FinancialCaribbeanFinancial StabilityInterconnectedness

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