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Dec 13, 2017

Time’s Up! Belize Bank, G.O.B. Prepare for U.H.S. Showdown

Has the time come for repayment of ninety million-plus Belize dollars to the Belize Bank Limited in respect of the Government’s sovereign guarantee of a defaulted loan by Universal Health Services Limited? Under the Interpretation Act, the twenty-one day limit before the Bank applies for certificate to enforce the judgment expires today, Wednesday. The Bank, according to Attorney General Michael Peyrefitte, can now apply for the certificate and serve it on the government, but until it does, Belmopan is standing pat. Meanwhile, the Bank’s attorney, Eamon Courtenay, says G.O.B. knows what it has to do next and the Bank is awaiting that.

 

Eamon Courtenay

Eamon Courtenay, P.U.P. Senator

“I suspect we are probably there. But I haven’t been counting them, because the Government knows what it should have been doing from the day the judgment was handed down.”

 

Aaron Humes

“Would you comment on what Mr. Salazar said?”

 

Eamon Courtenay

“Mr. Salazar, as I understood it, has a problem with the Chamber; he’s a member of the Chamber and he should have taken whatever issues he had to a meeting of the Chamber. None of us were interested in his personal opinions and how the Chamber should behave and should not behaved.”

 

Michael Peyrefitte

Michael Peyrefitte, U.D.P. Senator

“We are waiting to see what they will do; we believe that they know the process that has to be followed, and we are seeing no indication that they are following that process. So until we have a certificate from the court saying that that is an official judgment and order, then we can’t do anything.”

 

Aaron Humes

“I think the timeline is twenty-one days. But I think what I’m not clear about and more or less what I’m asking is, is that the twenty-one days inclusive of weekends, is it just working days?”

 

Michael Peyrefitte

“Under the Interpretation Act, if a certain time is given and that time is more than five or seven days then you count weekends. So it is twenty-one days from November twenty-second that the Belize Bank had to wait, that twenty-one day period before they could apply for the certificate.”

 

Aaron Humes

“So there still has to be an application?”

 

Michael Peyrefitte

“In my humble view, but I dah no Senior Counsel; in my view.”

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