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In a landmark ruling, the Privy Council has dismissed an appeal by NH International (Caribbean) Ltd, affirming that Gordon Winter Company Ltd is entitled to payment for piling work completed at the Ministry of Education building site in 2006. The dispute, which has spanned over a decade, centered on unpaid work performed by Gordon Winter, a subcontractor hired for the ten-story project. The case highlights the complexities of construction contracts and the legal principles governing payment disputes. The piling work, which proved more challenging than anticipated due to adverse soil conditions, required variations from the original specifications. While Gordon Winter was compensated for some of its work, payments ceased after April 2006, prompting the company to halt operations in June of that year. Gordon Winter sought payment on a contractual quantum meruit basis, arguing that NH International had been unjustly enriched by its work. NH International, however, counterclaimed that Gordon Winter had breached the contract by abandoning the project. The Privy Council, led by Lord Burrows, rejected NH’s arguments, emphasizing that Gordon Winter’s claim for payment was valid under the contract. The ruling upheld the Court of Appeal’s decision, which had reduced NH’s damages for delay to $350,000 and referred Gordon Winter’s claims for additional costs to a master in chambers for assessment. The Privy Council’s decision underscores the importance of honoring contractual obligations and ensuring fair compensation for work performed, even in cases where procedural complexities arise. The judgment also reaffirms the principle that parties cannot be denied payment for work clearly executed under contract, regardless of technical legal arguments.

The temporary docking of the USS Gravely, a United States Navy guided-missile destroyer, at the Port of Spain from October 26 to October 30 has caused significant disruptions to commercial operations and reignited discussions about Trinidad and Tobago’s (TT) delicate geopolitical position between the US and Venezuela. The vessel’s presence for joint training exercises with the TT Coast Guard led to the redirection of several cargo ships to the Port of Point Lisas, a move coordinated by the Port Authority of TT, the Port of Spain, and the Point Lisas Industrial Port Development Corporation (Plipdeco). While this mitigated extensive logistical delays, it incurred additional costs and raised concerns among business chambers about future risks. The TT Chamber of Industry and Commerce reported moderate delays in cargo clearance and increased operational costs, urging the government to implement temporary relief measures such as waiving demurrage charges and expediting time-sensitive cargo clearance. The chamber emphasized the need for improved port infrastructure and contingency planning to address vulnerabilities. Meanwhile, the Greater Tunapuna Chamber of Industry and Commerce highlighted logistical challenges and higher transport costs, warning that such disruptions could impact the Christmas season’s economic activity. The situation is further complicated by new fiscal measures set to double customs and clearance fees in January, adding to importers’ burdens. Geopolitical tensions between the US and Venezuela have also escalated, with Venezuela suspending energy agreements with TT and declaring Prime Minister Kamla Persad-Bissessar persona non grata. The Energy Chamber of TT has called for a renewed focus on domestic gas production to ensure energy security, emphasizing the need for reliable gas supplies for petrochemical plants and LNG facilities. The business community has expressed caution, warning that port disruptions, fee increases, and suspended energy deals could weaken investor confidence and challenge TT’s role as a regional energy hub.

In a bid to address the looming crisis facing Trinidad and Tobago’s National Insurance System (NIS), Finance Minister Davendranath Tancoo has unveiled a dual strategy that balances immediate reforms with a broader call for financial independence. Speaking at the TT Stock Exchange Capital Markets Investor Conference in Port of Spain on October 24, Tancoo outlined a phased increase in NIS contributions over two years, followed by a gradual rise in the retirement age over a decade. These measures aim to stabilize the fund, which actuarial forecasts warn could collapse within years due to demographic shifts and financial strain. While the incremental approach seeks to mitigate the impact on workers and employers, concerns linger about potential effects on wages, employment, and inflation. Simultaneously, Tancoo issued a stark warning to citizens, urging them not to rely solely on the NIS for their financial security. ‘What we need is more participation, more people investing, more people saving, more people building wealth,’ he emphasized, signaling a shift away from traditional state-supported safety nets. This dual stance reflects the government’s nuanced approach to safeguarding the NIS while encouraging private financial engagement. However, critics argue that promoting private equity investments contradicts the NIS’s foundational principles of universality, risk-sharing, and income redistribution. With over 600,000 beneficiaries, the NIS remains a cornerstone of the nation’s social safety net. Tancoo’s next steps should focus on expanding coverage to the self-employed, enhancing compliance, and addressing dual coverage, as recommended in the ILO’s 2020 Actuarial Review, to ensure the system’s long-term viability.