Will the Belize Bank Limited seize government properties? Last week in a two page judgment, U.S. District Judge Amit P. Mehta ruled that the Belize Bank Limited may now seek attachment or execution of Government of Belize’s property to satisfy the Court’s judgment in the jurisdictions where such attachment or execution is appropriate. This is in relation to the UHS debt owed by the Government to Belize Bank. It’s a very sticky situation because as a knee jerk reaction, Government passed two bills which protect its assets and foreign reserves from such attachments, the Central Bank of Belize Immunities Act and the Crowns Proceeding Act. The Central Bank of Belize Immunities Act makes it illegal for assets of the Central Bank to be attached in court proceedings, while the Crowns Proceeding Act states that any person who seeks the enforcement of any foreign judgement commits an offence. So today the media asked Solicitor General Nigel Hawke and Senior Counsel Eamon Courtenay for an update.
Nigel Hawke, Solicitor General
“I will reserve my comment on that to be fair until I’ve looked at because at the time when that judgment came out we would have been at the CCJ at the time, we just got back on Friday. So to be fair to myself and you I will resolve my comments and then perhaps on another occasion.”
“Is the Ashcroft alliance moving to crowfoot any assets so that the award is in fact paid given that it’s an enforcement order?”
Eamon Courtney, Attorney
“Tune in for coming attractions.”
We will keep an eye out for those attractions.