7 News Belize

Will Bze Bank Crowfoot GOB’s Assets Based on US Judgment?
posted (March 21, 2018)
We also asked Courtenay about a ruling out of the US District Court of Colombia which gave the Belize Bank permission to enforce a 35 million US dollar judgement - also related to the Universal Health services debacle.

The US District Court order is dated, March 12, 2018, and it reads quote, "Enforcement of the Judgment is granted... It is further ordered that [the] petitioner may now seek attachment or execution of Government of Belize property to satisfy this Court's judgment..." End quote.

This means that the Belize Bank can now seek to crowfoot government assets to satisfy the judgment. So, this morning, the press asked Courtenay outright if they are going to do just that:

Reporter
"Are you able to speak about the court matter that occurred last week in the US District, whereby the US District Court authorized the Belize Bank to seize government properties?"

Eamon Courtenay, SC - Attorney for Belize Bank
"What do you want me to say?"

Reporter
"So, is the Ashcroft Alliance moving to crowfoot any assets so that the award is in fact paid, given that it's an enforcement order?"

Eamon Courtenay
"Tune in for coming attractions."

So, we will keep following to see how that one plays out.

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7 News Belize