The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that yesterday the Caribbean Court of Justice (“CCJ”) dismissed the claim brought by Ellis Richards and others against Trinidad and Tobago in relation to the CL Financial bailout in 2009, which excluded annuity and investment products issued by British American Insurance Company Limited (a company incorporated in the Bahamas). This decision follows the earlier decision of the CCJ delivered on March 8, 2023 and reported in Ellis Richards and others (No. 1) v The State of Trinidad and Tobago [2023] CCJ 1, in which the State was also successful (both decisions are enclosed).