Last night we told you about a victory in the court of appeals for the Ashcroft Alliance. The court of appeals lifted the injunction against Ashcroft himself and related parties barring them from proceeding with the arbitration under the Belize UK investment treaty. So they can now proceed with that arbitration but according to government's representative in the case, Senior Counsel Lois Young, the Ashcroft related company called Dunkeld is not included in the removal of the injunction. Is it consequential? Well, that will be proven in the days and battles to come.
Dunkeld - which is registered in the Turks and Caicos has never made an appearance in Belize - but that company is part of the original injunction. Dunkeld is the company that filed for the application for arbitration on behalf of the Hayward Trust.
If you don't have your Ashcroft organogram handy, Hayward is the trust that claims to have held the controlling interests in BTL when government nationalized it in August of last year.
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