7 News Belize

Supreme Court Prevents Dunkeld Investments from Invoking Belize-UK Treaty
posted (February 12, 2010)

Government also had success in court against BTL last week when it got a ruling in the courtroom of Justice Sam Awich in which he found that Dunkeld International Investments Limited which is another one of those moving pieces in the shell game. Dunkeld a company that was fairly recently registered in the Turks and Caicos is invoking the Belize – UK Investment Treaty because it claims government has unlawfully expropriated its investment in Telemedia. But now government has gotten an injunction in the Belize Supreme Court against Dunkeld preventing it from invoking that treaty.

Hon. Dean Barrow,
“Our lawyer succeeded in getting an injunction in court last week to stop the effort at international arbitration under the Belize-UK Treaty that Dunkeld and Hayward Trust and these people had attempted to mound. One of the things the judge said was that he found it remarkable that the UK Government seems to have no interest in suggesting that we breached that treaty. In any case, one of the trustees whom the injunction binds is Michael Ashcroft himself. So once that order has been prepared they continue with those proceedings, there are punitive sanctions that will be applied by the courts here.”

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