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Sunshine Holdings takes case before Supreme Court of Belize

The case involving Sunshine Holdings and the BTL Employees’ Trust will go to full trial this week. Solicitor General Nigel Hawke told reporters this morning that the trial will be held on Thursday before Supreme Court Justice Courtenay Abel. The matter stems from Government’s acquisition of Belize Telemedia Limited. Last month, the Caribbean Court of Justice ruled that Sunshine Holdings can file a claim in the Supreme Court of Belize, asking for compensation of its shares so it can honor its loan with the Social Security Board (SSB). More than ten years ago, the Social Security Board loaned Sunshine Holdings ten million dollars to buy shares in BTL. When GOB took over BTL, it also acquired the shares owned by Sunshine Limited.