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Jun 11, 2015

Fate of Stake Bank Project to be Decided by Supreme Court

Andrew Marshalleck

Prime Minister Dean Barrow had been trying to fight it off, meeting with multiple parties in Miami and Belize over the past few weeks. But the case of developer of the Stake Bank cruise port project Michael Feinstein, former business partners Fort Street Tourism Village, and the Government of Belize was back before Justice Courtney Abel in the Supreme Court. However, a conflict with other court cases kept the case from actually proceeding today and it was adjourned until June eighteenth. After court, we spoke to Feinstein’s attorney, Andrew Marshalleck, who discusses their main argument over the exclusivity arrangements for the Village.

 

Andrew Marshalleck, Attorney for Michael Feinstein

“We challenged a number of provisions in the existing agreement between FSTV and the government on the basis that the government lacks authority to enter into obligations or to seek to contract obligations of that nature. Specifically, they have to do with one, designating Belize district….designating the Fort Street Tourism Village as the only port of entry for cruise ship passengers to the Belize District. As you know, these exclusivity arrangements have always been suspect of the validity and legality primarily because the government by contracting with the FSTV that it will not be granting any licenses to anybody or designating any other port of entry, is essentially deciding the application of all these potential future applications negatively, even before they’ve seen them. And we are saying that that kind of thing takes an effect on executive action and is really outside of the sector.”

 

The Village is claiming damages in an ancillary claim for future losses from the head tax which the legislation aims to correct and legalize. But Marshalleck believes that the other side is hoping that that legislation jettisons part of their worries – a tactic which seems familiar.

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1 Response for “Fate of Stake Bank Project to be Decided by Supreme Court”

  1. Timber says:

    The million dollar question to all Belizeans who seem to not be paying keen attention to this over the past couple of years, where is Finstein getting this kind of money? Does Uncle Sam need to look into his business dealings? Do you all know that he has a caye out there heavily guarded by foreign nationals which no one can venture close to? Yes, he has had a seemingly prosperous business, but does it give you all those buildings around town?

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