A comprehensive overview of the research approach, data collection methods, analytical frameworks, and academic rigor behind the doctoral thesis on Non-Arm's Length Transactions in the CLICO collapse
This doctoral research examines non-arm's length transactions within the Colonial Life Insurance Company (CLICO) collapse in the Eastern Caribbean, focusing specifically on the St. Kitts and Nevis case where assets were transferred to government entities at EC$8.5 million below independent valuation.
The study employs a mixed-methods approach combining forensic financial analysis, legal framework evaluation, and comparative policy research across six Caribbean jurisdictions over a 15-year period (2009-2024).
Detailed examination of financial transactions, asset valuations, and transfer pricing mechanisms in the CLICO St. Kitts case. Analysis includes comparison of independent valuations (EC$12.4M) versus actual transfer prices (EC$3.9M) to government entities.
Comprehensive review of judicial management legislation, insolvency law, and regulatory frameworks across six Caribbean jurisdictions to identify gaps and inconsistencies that enabled non-arm's length transactions.
Cross-jurisdictional analysis of insolvency frameworks, judicial management practices, and regulatory oversight mechanisms in Antigua & Barbuda, St. Kitts & Nevis, Trinidad & Tobago, Barbados, Grenada, and St. Lucia.
Examines conflicts of interest between judicial managers (agents) and stakeholders (principals), particularly when government entities are both creditors and purchasers of assets, creating inherent conflicts that enable non-arm's length transactions.
Analyzes how political and economic interests can influence regulatory oversight and judicial management processes, leading to decisions that favor government entities over creditors and policyholders.
Systematic comparison of insolvency frameworks across Caribbean jurisdictions to identify best practices, regulatory gaps, and opportunities for harmonization and reform.
Research methodology and findings have been subjected to rigorous peer review by academic supervisors, legal experts, and insolvency practitioners across multiple jurisdictions.
Multiple data sources and analytical methods are employed to validate findings and ensure research conclusions are robust, reliable, and replicable.