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Fired Central Bank governor Dr Alvin Hilaire is expected to file a claim in the High Court challenging his dismissal and seeking damages, after failed attempts to reach an out-of-court settlement with the state.

His legal team, led by Stuart Young, SC, attorney Imran Ali and Anthony Bullock, had issued a pre-action protocol letter demanding urgent review of the Cabinet’s advice to President Christine Kangaloo to revoke his appointment on June 24.

According to the letter, Hilaire’s removal was unlawful, alleging that the Cabinet acted in bad faith and for political purposes when it advised his termination under Section 12 of the Central Bank Act. That provision allows for dismissal only in cases of misconduct or failure to perform statutory duties. Hilaire, who was first appointed governor in December 2015 and reappointed twice, was due to serve until December 2026.