{"id":462090,"date":"2026-02-08T17:06:12","date_gmt":"2026-02-08T17:06:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/462090\/"},"modified":"2026-02-08T17:06:12","modified_gmt":"2026-02-08T17:06:12","slug":"court-rules-against-demerara-mutual-in-shares-dispute-with-gra-pension-scheme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/462090\/","title":{"rendered":"Court rules against Demerara Mutual in shares dispute with GRA Pension Scheme"},"content":{"rendered":"<p><a href=\"https:\/\/www.stabroeknews.com\/images\/2024\/05\/Chief-Justice-ag-Roxane-George-SC.jpg\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t <\/a>Justice Roxane George<\/p>\n<p>The High Court has ruled that shares held in major local companies by the Guyana Revenue Authority (GRA) Pension Scheme belong to the scheme and not to Demerara Mutual Life Assurance Society Limited (DemLife).<\/p>\n<p>In a decision delivered on January 28, 2026, Justice Roxane George declared that DemLife acted as an investment or asset manager rather than the owner of the assets, and ordered the insurer to transfer the shares and account for dividends and profits earned over more than a decade.<\/p>\n<p><a href=\"https:\/\/www.stabroeknews.com\/2026\/02\/08\/news\/guyana\/walton-desir-rejects-national-security-claim-for-lid-on-helicopter-crash-report\/\" rel=\"prev nofollow noopener\" target=\"_blank\"><\/a><\/p>\n<p>Unlock 1 week of unlimited access for just $5, or pick our top plan for only 30\u00a2 a day! Enjoy fewer ads, full ePaper access, and our iOS &amp; Android apps as a subscriber.<\/p>\n","protected":false},"excerpt":{"rendered":"Justice Roxane George The High Court has ruled that shares held in major local companies by the Guyana&hellip;\n","protected":false},"author":2,"featured_media":462091,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,60,133,131,132],"class_list":{"0":"post-462090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-featured","12":"tag-finance","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/462090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=462090"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/462090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/462091"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=462090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=462090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=462090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}