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Central Bank Looks into Allegations Against ABL

Last Monday, the attorney for Michael Feinstein, Godfrey Smith, wrote to the Governor of the Central Bank of Belize requesting an investigation of Atlantic Bank Limited. The allegation was that ABL committed, “serial breaches of the Domestic Banks and Financial Institutions Act”. The letter noted that ABL approved and disbursed over sixty million dollars in
Michael Feinstein Godfrey Smith Stake Bank Enterprise Central Bank Governor Of The Central Bank Atlantic Bank

Compensation Sum for LPG Companies Back in High Court for Deliberation

As for the ten-million-dollar compensation for damages awarded to the group of LPG companies, attorney Smith says the Court of Appeal has ordered that the High Court further assesses the sum. And though the LPG companies are free to exercise their right to import, there is no guarantee that they will be able to acquire
Godfrey Smith Companies Back In High Court High Court Compensation Sum Gas Tomza Western Energies

Central Bank Limited Revokes PD7, Domestic Banks Accept Voluntary Measures

The Central Bank of Belize announced on Tuesday that it has withdrawn Practice Direction Number Seven Act (PD7), following deliberate negotiations and collaboration with the domestic banks. PD7 sought to impose restrictions on certain fees and penalties by the banks. Belize Bank Limited challenged the legality of the act and in January, the High Court
Godfrey Smith Central Bank High Court Central Bank Limited Revokes Belize Bank Domestic Banks Accept Voluntary

Atlantic Bank Contemplates Libel Suit Against Feinstein

The ensuing drama between Atlantic Bank Limited and businessman Michael Feinstein, following a lawsuit filed against him and Stake Bank Enterprise Limited, is taking an interesting turn. As we reported on Monday, a letter to Central Bank Governor Kareem Michael, on behalf of Stake Bank, requests that the regulator investigates ABL for, “serial breaches of
Stake Bank Michael Feinstein John Brice Paul Lopez Godfrey Smith Stake Bank Enterprise

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B.C.C.I. Agrees that B.S.I. Commission of Inquiry Would be Invasive

Last Friday, you heard from attorney for the American Sugar Refinery/Belize Sugar Industries Limited, Senior Counsel Godfrey Smith, who explained a court ruling that came against the government. It was the case of the Belize Sugar Industries Limited and the Corozal Sugar Cane Producers Association against the Attorney General, the Sugar Industry Control Board, the
Orange Walk Marcello Blake Godfrey Smith John Brice B Si Commission Of Inquiry Belize Chamber

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