Privy Council rules Sagicor’s predecessor, Eagle Commercial Bank was wrong in its action 30 years ago

Jamaican construction mogul, YP Seaton has just won his long running multi-million case against Sagicor at the UK Privy Council.

The Privy Council today (December 8) ruled in favour of Seaton and the two appellant companies in his control, Earthcrane Haulage Limited and Y.P. Seaton & Associates Limited. The panel of five British Law lords comprising Lord Hodge, Lord Kitchin, Lord Burrows, Lord Stephens and Lady Rose has allowed the appeal be allowed in part.

The appeal is limited to the reconstitution of the relevant sums deducted from Seaton’s accounts. The Privy Council has invited the disputing parties to make submissions in relation to costs within 21 days after their receipt of this advice.