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Feinstein’s Stake Bank wins round one in court against Gegg’s Port of Magical Belize

Businessman David Gegg is facing a possible loss in investments as the court has agreed to have its environmental clearance challenged. The clearance was given to Port of Magical Belize by the Department of the Environment back in April, but Stake Bank Enterprise Limited opposed the approval saying that it is too close to their port and that it poses irreparable harm to its economic interest and is an environmental threat. Senior Reporter Hipolito Novelo reports.