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May 13, 2016

Courtenay Says GOB Will Pay Millions in Interest

Eamon Courtenay

Government’s procrastination in settling the claim, according to Senior Counsel Eamon Courtenay, has resulted in an exorbitant amount of interest to be paid outside of the principal cost of acquiring B.T.L. As we said the price per share is in the range of five dollars and sixty cents but the interest puts the total figure at a staggering price tag.

 

Eamon Courtenay, Senator, People’s United Party

“We believe that the law is unconstitutional and unlawful for the simple reason that there exists no threat of civil commotion nor existence of a threat of civil commotion and that was the basis on which the law was supposedly passed.  In the absence of that it was an unlawful exercise of power by the Governor General.  We are going to try and take steps to get the hearing of the matter expedited so that it can happen before the actual expiration of the law.  We still strongly encourage the government to rescind the law.  It’s a law that is against Belizeans rather than against Guatemalans and we say the government should not be stopping Belizeans, they should be stopping Guatemalans.  They should not be looking at what Belizeans are doing, they should be looking at what Guatemalans are doing and that is the point that we are making.  As a matter of law and as a matter of policy, the law is wrong.”

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