Ramesh on Clico policyholders’ move to take Govt to Privy Council: Appeal Court was wrong

ArchiveJan 13, 2015

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Allowing the Government to withdraw its concession that the group of policyholders had legitimate expectations based on promises made by the previous government.
That the promises made by the last administration were not clear.
That the Government was justified in breaching the legitimate expectations of the policyholders.
That there was sufficient overriding public interest to justify government departing from any legitimate expectation.
Their ignorance of the judge’s finding of fact and their failure to explain why it did this.

Published January 13, 2015