UK Privy Council reinterprets “legitimate expectation” in landmark bailout claim
San Fernando Hill, Trinidad and Tobago (Credit: iStock.com/erick4x4)
The UK Privy Council has dismissed a claim brought by creditors of a bailed-out insurance group against the government of Trinidad and Tobago, setting a new, narrower standard of “legitimate expectation” in the context of wider public policy concerns.
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