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Belize’s $18.5M Row With Bank Continues Despite Appeals

Law360, Washington (January 29, 2016, 6:58 PM EST) -- A D.C. federal judge on Friday said he would not pause Belize Bank’s $18.5 million suit against the Belize government over an arbitration award during related appeals to the D.C. Circuit and U.S. Supreme Court, finding he lacked the “flexibility” to do so under an arbitral treaty.

U.S. District Judge Amit P. Mehta said he could not find the authority under the New York Convention to stay Belize Bank’s suit over the award, which stemmed from a 2004 debt guarantee Belize made the bank. Belize has said the guarantees were invalid backdoor agreements.

Representing the Belize government on Friday, Creighton R....

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April 18, 2014

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