CCJ panel set dates for written submissions from BCB/Belize Bank and the Government

The Caribbean Court of Justice (CCJ) is inviting the attorneys representing the British Caribbean Bank Holdings Limited (BCB) and Belize Bank as appellants and the Attorney General as respondent to argue the appeal of a majority decision at the Court of Appeal given last year in which the Court reversed the decision of then-Supreme Court Justice Sir John Muria allowing the enforcement of a ruling by the London Court of International Arbitration (LCIA) in favour of BCB Holdings and Belize Bank for BZ$40.84 million in damages and costs of more than $2 million. This was in relation to the infamous UHS Settlement Deed which was entered into by the Musa administration and rejected by the current Dean Barrow administration. The Court of Appeal ruled that the award was not enforceable because Part 4 of the Arbitration Act of the Laws of Belize was unconstitutional and the New York Convention under which BCB and the Belize Bank tried to enforce the London ruling did not apply to Belize. The litigants will travel to Port of Spain, Trinidad and Tobago, for the case proper on May 2, 2013. A three-judge CCJ panel today set dates for written submissions from both sides, the BCB/Belize Bank represented by Eamon Courtenay SC and Ashanti Arthurs-Martin and the Government represented by Michael Young SC and Magali Perdomo. Queen’s Counsel Nigel Pleming argued the case in the lower courts and will likely appear in this case as well.

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