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Nov 22, 2017

G.O.B. Disappointed, Still Insists Deal Was Corrupt

Nigel Hawke

Solicitor General Nigel Hawke appeared on behalf of government and was first to express disappointment with the CCJ’s verdict.  While he is awaiting further instructions, the Sol Gen maintains that government wasn’t imprudent when it decided not to honor the thirty-seven million dollar award back in 2013.

 

Nigel Hawke, Solicitor General

“It’s always a disappointment when you lose but it’s the final court and you have to respect the decision.  That’s how our system is designed.”

 

Reporter

“Now Mr. Courtenay was saying that they [the Belize Bank Ltd.] must write to the government as it regards enforcement.  They must write to the government.  What is the indication from the Fin Sec or the Minister of Finance?  Will payment be coming forthwith?”

 

Nigel Hawke

“Well on that one, I will have to take instructions.  Certainly the honorable prime minister will issue a statement, I guess, to the effect as to the government’s position.”

 

Reporter

“Looking at it now, the court quite easily rubbished the government’s argument or dispelled, let me use a gentler word, dispelled the government’s argument that it was contrary to public policy, etc.  Obviously, there were overarching interests.  Was it foolhardy to have taken it all these years, we are four years after the award and accumulated so much in interest? Over fifty million dollars.”

 

Nigel Hawke

“Well I would say no.  You know, in hindsight people might think of a lot of things but litigation is always a risk and the reality is that we thought we had some formidable arguments in relation to the public policy issues.  I think the court’s decision, they relied on the Privy Council’s judgment in saying that the loan note was valid.  Our argument that we were urging is that at the time when that consideration was given the arbitration award was not out.  But like I said, the final court has given its decision and we have to respect it.”

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