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7145 Slaughterhouse Road

Belize City, Belize Central America

(+501) 203-2098 or 203-0528

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Mon - Fri: 8:00am - 5:00pm

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📣 MAIN TERMS AND Definations to be fully aware:                      📣 “COVID-19” – means the Novel Coronavirus (2019-nCov), which is an infectious disease caused by a virus which, having emerged during 2019, was declared a global pandemic by the World Health Organisation on the 11th March, 2020;                      📣 “emergency area” – means the area declared to be under a public state of emergency under the Proclamation;                      📣 “essential service” means the offices listed in Schedule I; “essential worker” means an employee of an essential service;                      📣 “social distancing” includes the practice of staying home, avoiding crowds and refraining from touching one another and maintaining a distance of no less than three feet from other persons.                      📣 Need Food Assistance? | ¿Necesita asistencia alimentaria (comida)? – Para Idioma en Español llamar los Numeros : 631-2065 | 636-0423 | 626-4764.                      📣 For English language call: 636-5743 | 627-3634 | 629-8100 |631-9158 | 630-8502 | 607-8053 | 624-8532 | 606-9900 | 631-3359 | 621-4247 | 627-2062 | 607-6178 | 630-1081.                      📣 Please note the numbers for Food Assistance at the Ministry of Human Development, Social Transformation and Poverty Alleviation. The Ministry asks that you please bear patience if you cannot get through.
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GOB wins case against Belize Bank at the CCJ

The Government of Belize today won a major judgment at the Caribbean Court of Justice (CCJ). Its application to reduce the interest rate applicable on an arbitration award found enforceable by the CCJ succeeded. This is one of three post application judgments relating to the 2013 arbitral award of over ninety one million dollars against the Government of Belize by the Belize Bank Limited with respect to a bad loan to Universal Health Services, UHS. Government’s attorney successfully argued that the interest rate should be six percent simple interest rather than the seventeen percent contained in the order. Hipolito Novelo reports.

 

Ultimately the Belize Bank Limited is seeking for an order directing the Minister of Finance to pay the 2013 arbitral award. Because all three applications were heard on the same day, the matter of cost has been reserved until judgments of all three applications have been handed down.

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