It’s more waiting for former CLICO executive chairman Leroy Parris and his legal team after the High Court today delayed judgment on his legal challenge to a debt payment.
Parris and his lawyers Vernon Smith, QC, and Hal Gollop, QC, have been asking the court to reverse an earlier ruling, which ordered the insurance executive to refund CLICO $3.3 million.
The CLICO judicial manager Deloitte, which filed the challenge against Parris, has alleged that the former insurance executive obtained the money from the company he once led, in breach of trust and fiduciary duty.
All parties to the hearing appeared in the High Court this afternoon for close to four hours arguing their respective cases.
However, there was no conclusion to the matter and the sides will have to return to court next Tuesday, when, according to a senior attorney involved, it will hopefully be concluded.
The CLICO Judicial Manager is being represented by legal counsel Ramon Alleyne.