Sunday, May 19, 2024

Ashcroft Alliance

GOB passes bill to immunize Central Bank reserves

On Friday, January 27th, the Government of Belize (GOB) held an emergency sitting of the House of Representatives and introduced a bill to protect the Central Bank of Belize reserves.

GOB refuses to compensate Ashcroft following recent arbitration awards

In a press release dated January, 11, 2017, GOB is refusing to pay $50 million in three arbitration awards to the Ashcroft Alliance, reasoning that the Caribbean Court of Justice (CCJ) has ruled against them.

GOB is vindicated for the takeover of IBC and IMMARBE

In a court ruling made on Friday, October 28th by the Supreme Court, the Government of Belize (GOB) was vindicated in the takeover of the IMMARBE and IBC.

BTL Compensation Award Update

GOB informs that a dispute has arisen between the Government and the Ashcroft Alliance over the recent BTL compensation.

GOB makes first payment towards BTL acquisition

On Wednesday, July 13th, GOB made the first payment to the Ashcroft Alliance as part of the arbitration award for the nationalization of BTL.