Stake Bank Discontinues Lawsuit Against GOB et al. 

News Five has confirmed that Stake Bank Enterprise Limited has discontinued claims against the government and other parties.  Stake Bank had filed a claim against the Attorney General of Belize, the National Environmental Appraisal Committee, Portico Enterprise Limited, Waterloo Investment Holdings Limited, Belize Cruise Development Limited, and Belize Logistics Terminal Limited.

The notice is dated May 24th, 2024, and it was filed by Barrow and Williams LLP, attorneys for Stake Bank.

Earlier this month, News Five reported that the facilities of Stake Bank were sold to Operaciones Portuarias, a corporation registered under Honduran law and affiliated with brothers Guillermo and David Bueso. The announcement was made by Atlantic Bank Limited. In its statement, the bank noted that it removed the debt owed by Stake Bank from its books and no longer conducts banking business with Stake Bank.