Posted: Tuesday, June 5, 2018. 5:40 p.m. CST.
By BBN Staff: The Caribbean Court of Justice (CCJ) on Friday, made a ruling on the enforcement of the pending $90 million UHS arbitration award in favor of the government of Belize. The CCJ ruled that GOB could not be compelled to make the payment by the CCJ.
The CCJ had previously authorized the Belize Bank to enforce the international arbitration, which it sought to have enforced early 2018. Belize’s Attorney General, however, had filed an opposing application disputing the CCJ’s jurisdiction in enforcing the order. The CCJ, on Friday, determined that the Bank’s application was premature and agreed with the Attorney General that the CCJ was not the appropriate court for enforcement of its judgement in its appellate jurisdiction. “Enforcement must be through the Supreme Court, subject to possible appeal to the Court of Appeal and the CCJ,” the court ruled.
Following the CCJ ruling on the award in November 2017, the Belize Bank served the Minister of Finance, PM Dean Barrow, with a certificate detailing the amount payable to the bank, which had been drafted by the CCJ Registrar.
The bank was represented by attorney Eamon Courtenay. GOB was represented by Solicitor General Nigel Hawke and representative for the Attorney General’s office, Agassi Finnegan.
© 2018, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.