Landmark Caribbean Case Studies
In-depth analysis of landmark Caribbean financial failures providing unprecedented insights into judicial management and receivership
Public
BAICO Case Study
A 15-Year Judicial Management Journey
Timeline: 2009 - Present (15+ years)
Recovery Rate: 10-50%
Jurisdictions: 6+ Caribbean nations
Policyholders: 100,000+
Comprehensive analysis of multi-jurisdictional coordination, illiquid asset realization, and the 2024 Caribbean Court of Justice discrimination litigation.
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Hidden
CLICO Case Study
Government Intervention & Asset Recovery Challenges
Timeline: 2009 - Present (15+ years)
Recovery Rate: 15-60%
Detailed examination of government support, non-arms length transactions, and the St. Kitts case where assets were sold to government entities at EC$8.5M below market value.
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Public
LIAT Case Study
Regional Airline Administration
Timeline: 2020 - Present
Liabilities: EC$300M+
Employees: 668 affected
Governments: 11 shareholders
Analysis of the regional airline's administration involving 11 shareholder governments and complex stakeholder negotiations.
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Public
Capital Bank
Political Patronage & Regulatory Capture
Timeline: 1996-2008
Restitution: EC$166M
Sentence: 23 years prison
Examination of how political connections enabled a Grenadian bank to operate despite regulatory deficiencies, leading to fraud and collapse.
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