Legal Fees Battle Over CL Financial Collapse | Trinidad and Tobago News

A high-stakes legal battle unfolds as BAICO fights to seize funds awarded to the estate of former CL Financial executive Lawrence Duprey, arguing that a law firm, Chersons, shouldn’t get first dibs on legal costs from a dropped lawsuit. The High Court previously granted Chersons an equitable lien, but BAICO is appealing — claiming the estate’s money should be used to repay its own $122 million debt from a failed Florida real estate investment that drove it into insolvency. With the Court of Appeal set to rule later this year and a separate asset freeze hearing looming in October, the case pits legal precedent against financial desperation — all while policyholders wait for their own money to be returned. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3d548c4ad633fa41