Arbitral Digest

Matter

The Belize Bank Limited v The Attorney General of Belize (Supreme Court of Belize, Claim No. 418 of 2013)

Belize proceedings concerning enforcement of the LCIA award in the Belize Bank loan-note dispute, including public-policy issues.

Recognition and enforcement of arbitral awards
Public policy

Industry type: Financial and insurance activities

15 January 2013Arbitration
15 January 2013Arbitration
LCIA Arbitral Award
London Court of International Arbitration
Participants
London Court of International Arbitration
Mentioned in judgment
2 years, 1 month and 2 days later · 763 days
17 February 2015Belize
17 February 2015Belize
Decision of the Supreme Court of Belize in the case Claim No. 418 of 2013 dated 17 February 2015
Supreme Court of Belize
Case no.
Claim No. 418 of 2013
Decision summary
The Supreme Court of Belize refused The Belize Bank Limited's application to enforce the LCIA arbitral award because enforcement would be contrary to public policy. The court awarded The Attorney General of Belize 50% of its costs, to be assessed if not agreed.
Participants
The Belize Bank Limited
The Attorney General of Belize
Supreme Court of Belize
Source