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Setback For Ashcroft Alliance In US Courts?
posted (February 6, 2017)
Reports to 7news this evening are that the Ashcroft Alliance may have suffered a setback in the US Courts today. After arguments were heard today, the District Court for the District of Columbia has denied BCB Holdings and the Belize Bank a motion for a restraining order against the government. The court also denied their motion for a permanent anti-suit injunction. As we understand it, the Alliance did succeed with a motion which allows them to go after the government's assets wherever those assets are located within the United States. But, first, they must first apply to the court of that state before they proceed for attachment. But applying would be violating the terms of the injunction government got on Friday. The Supreme Court injunction prevents the Belize Bank Limited and its shareholders from taking any step to enforce that award pending trial of Government's claim. The government is asking the court to grant a permanent injunction based on the argument that the judgement of the CCJ is binding on the Belize Bank and BCB.

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