The Caribbean Court of Justice (CCJ) has dismissed an appeal filed by Guyanese firm Cara Investment Limited, ruling that no breach of contract occurred in a procurement process involving the Bank of Nova Scotia (BNS) and court-appointed Receiver-Manager Christopher Ram. The case centered on Cara Investment Limited’s claim that its contractual rights were violated during the sale of assets overseen by the Receiver-Manager. The CCJ rejected those claims, finding no legal basis to support the allegation of a breach. In its ruling, the court also took the opportunity to urge all parties involved in commercial transactions to respect established principles of contract law and tender processes. The decision serves as an important reminder of the legal standards governing procurement procedures and the binding nature of tender rules in commercial dealings. The CCJ’s ruling is final, bringing the legal dispute to a close and reinforcing the integrity of the receivership and asset disposal process that was at the center of the controversy.

Source: https://kaieteurnewsonline.com/2026/03/27/ccj-finds-no-breach-of-contract-in-procurement-process-for-cara-investments-ltd/