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THE Privy Council will have the final say in a billion-dollar legal battle over the purchase of lucrative energy assets by Proman Holdings (Barbados) from CL Financial (CLF) and its
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
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
The content originally appeared on: News Americas Now Black Immigrant Daily News The content originally appeared on: Trinidad and Tobago Newsday News Lawren ...
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.