Government has called an emergency house meeting for tomorrow - and here's why. 7News has learned through multiple sources that Prime Minister Dean Barrow is going to open a new offensive against…who else?....the Ashcroft Alliance. According to our sources, the issue is government's foreign assets - there are reports that the Ashcroft Alliance wants to move on those assets to recover the 50 million US dollars in arbitral awards that a US District Court awarded to two Ashcroft Companies: BSDL and BCB Holdings. Best information suggests that legislation to be passed tomorrow make it so that the Ashcroft Alliance cannot touch government's assets - chiefly its reserves.
The full structure of the legislation is not yet known, but at the last House sitting two weeks ago the Prime Minister made it clear that he was ready to go to war.
And what will be placed on the table is a piece of legislation to make it so that Belize's foreign and domestic assets are more or less firewalled from the Alliance. This will certainly result in a whole new round of legal battles in in every court from here to Trinidad. Tomorrow, more details will be known - and we'll have the full report on the House sitting which starts at 10:00.
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