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Duprey ordered to pay US$139m for bad Clico Energy deal - Trinidad and Tobago Newsday

FORMER CL Financial jefe Lawrence Duprey has been ordered to pay the conglomerate, on trust, US$139,416,295, which represents the proceeds of a deal he cut in 2009 with Proman Holdings (Barbados) Ltd for shares of the group’s crown jewel, Clico Energy. Justice Devindra Rampersad made the order on Friday. In September 2021, Rampersad reserved the

Appeal Court reserves ruling on Clico Energy share sale dispute - Trinidad and Tobago Newsday

A transaction between Proman Holdings (Barbados) Ltd and CL Financial jefe Lawrence Duprey for the sale of Clico Energy’s shares - described as the crown jewel of the group - cannot be ratified, attorneys for the conglomerate and its subsidiary, Clico, are contending. In response to Proman’s appeal against a judge’s ruling which voided the

Appeal Court reserves ruling on Clico Energy share sale dispute

Proman Holding ordered to provide Clico Energy info before January appeal

PROMAN Holding (Barbados) Ltd has been given until January 9 to provide information sought by CL Financial (CLF) relating to the sale of Clico Energy to the energy company, ahead of an appeal of a judge’s reversal of the sale later that month.

Judge to rule on energy firms vs DPP in July

Judge to rule on energy firms vs DPP in July
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