* The Bill seeks to amend the Supreme Court of Judicature Act (Chap. 4:01) to give effect to the decision of the Privy Council in the case of Kirvek Management and Consulting Services Limited v. The Attorney General of Trinidad and Tobago (2002) 61 WIR 48. In that case, the Judicial Committee held that the Court has a duty to ensure that moneys paid into it are properly invested and the interest credited to the account of the depositor. The amendment therefore seeks to empower the Court to deposit or invest moneys paid into Court in authorized securities or interest bearing accounts in any financial institutions as defined by the Financial Institutions Act, 1993.
* The Bill lapsed upon the prorogation of the Third Session of the Eighth Parliament on 08 September 2005.