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Jun 8, 2017

U.S. Court Refuses UHS Hearing; Belize Injunction Lifted

Joseph Waight

According to a U.S. court decision, the eighteen-point-five million U.S.-dollar arbitral award for the Belize Bank Limited against the Government will not be reconsidered. It leaves only an injunction granted in Belize in February on which a decision is expected in a few weeks’ time. The Court of Appeals for the Washington, D.C. Circuit on Wednesday issued terse denials of the Government’s request to reconsider the decision and to hearing the case with the full court. Also, Chief Justice Kenneth Benjamin’s has decided to lift the injunction that was granted in February by Justice Michelle Arana. This paves the way for collection of the arbitral award granted to them. But can the government even afford to pay the award? Financial Secretary Joseph Waight says they expect to go through all stages to determine if the award is rightly given and payable.

 

Joseph Waight, Financial Secretary

“That lifting of the injunction will allow the process to start. Remember there is Supreme Court, there is there Court of Appeal and then there is the CCJ and I imagine a matter of this will go all three stages and ultimately it comes down to can the government pay and in what currency we pay. So it is early days yet. Indeed the lifting of the injunction is basically removing a barrier that the government rightly put but we are not anywhere close to a final resolution of this matter.”

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