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Aug 29, 2014

B.T.L.’s Second Nationalization Before the CCJ

The Prime Minister also asked about the second nationalization of Belize Telemedia, which is before the Caribbean Court of Justice on appeal.  The PM says that even if the government erred in the takeover, the company might still not be returned to its previous owners.

 

Reporter

“The government still stands to lose and if it loses, all things have to return to its original owners.”

 

Dean Barrow

Prime Minister Dean Barrow

“Not necessarily, not necessarily. But again…I better leave it at that, not necessarily. The courts can, because of the long time that would have passed and the sort of rights that would have attached with respect to third persons, courts can find ways to deal with a situation even if legally they find that we are not on the right footing that would stop short of returning the company to its original owners. We simply have to…vamos a ver; we simply have to wait and see.”

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