Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Trials » Belize Bank to Appeal CJ’s Ruling on UHS Debt
Feb 7, 2020

Belize Bank to Appeal CJ’s Ruling on UHS Debt

Attorney for the Belize Bank Limited, Senior Counsel Eamon Courtenay this evening filed an application for leave to appeal a ruling made last month by Chief Justice Kenneth Benjamin in favour of the Government of Belize on a U.H.S. debt that has now ballooned to over a hundred million dollars with interest included.  It all dates back to a debt that originated from 2004 and has gone before a number of processes.  But this application stems from a vote, which the government took in February 2019; that it would not use public monies to pay the growing debt, a decision which the CJ upheld in his January tenth ruling.  When News Five last spoke to Attorney General Michael Peyrefitte on the matter, he said in essence that the Ministry of Finance is not in breach of any law or duty to pay the monies owed because the parliament has not voted for that, hence the Minister of Finance cannot be compelled to pay. The matter has gone through many legal battles prior to this, and at one point, the London Court of International Arbitration had ruled that the Belize Bank is entitled to its money.  The Belize Chamber of Commerce had also at one time implored the government to follow the rule of law and to pay the debt.


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

Comments are closed