Government sold the Special Share in BTL to Jeffrey Prosser for $1. In court last week, the Chief Justice called it a disappointment, and made it clear that the sale was a perversion of the purpose of the share - which was created to make sure that no matter who owned BTL, the government and people of Belize would have input on the Board of Directors with the two seats that the Special Share ensures. Well after it sold the share for a dollar, now government is trying to get it back.

On Friday, the day after the Chief Justice's ruling in which he urged government to redeem the share - the Financial Secretary Dr. Carla Barnett has written to ICC's Attorney in Belize Lionel Welch demanding that ICC return the share certificate for the Special Share, "without further delay." The letter than warns that if it is not returned by Friday July 15, government reserves the right to take all necessary action.

It's a stern warning, and it comes 5 months after the Financial Secretary's office first wrote ICC demanding the return of the share. We assume that "necessary action" would mean taking ICC to court, meaning more litigation between GOB and ICC. We imagine the sudden urgency also arises from the Chief Justice's rather startling interpretation that ICC holds the special share in its own right, not as an agent of the Government of Belize.