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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
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
The Central Bank of Belize announced on Tuesday that it has withdrawn Practice Direction Number Seven Act (PD7), following deliberate negotiations and collaboration with the domestic banks.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
As her 50th book, Tackle!, is released in paperback, the novelist discusses MeToo, cancel culture and meeting die-hard fan Rishi Sunak
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