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...to deliver full statement to Parliament

Attorney General Anand Ramlogan is expected to deliver a full statement at today's Parliament sitting on the $1.3 billion payment from British Aerospace Engineering (BAE) Systems to the Trinidad and Tobago Government over the offshore patrol vessels (OPVs) contract.

Arbitration between UK-based BAE Systems and the T&T Government over the cancellation of an order for three OPVs has been settled in this country's favour for the sum of $1.382 billion.

Speaking at yesterday's post-Cabinet news conference at the Office of the Prime Minister, St Clair, Ramlogan said he intends to make a full statement on the matter today when the Parliament meets at 1.30 p.m.

On the Parliament's agenda, the State Suits Limitation Bill 2012 will be moved by the Attorney General.

Minister of Finance Larry Howai is expected to move for debate the second reading of the Securities Bill 2012.

The Securities Bill 2012 is an Act to provide protection to investors from unfair, improper or fraudulent practices; foster fair and efficient securities markets and confidence in the securities industry in Trinidad and Tobago; to reduce systemic risk, to repeal and replace the Securities Industry Act, Chap. 83:02 and for other related matters.

The Bill as introduced requires a special majority (three-fifths) in order to be passed. The resulting Act comes into effect upon Proclamation.

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