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Central Bank Limited Revokes PD7, Domestic Banks Accept Voluntary Measures

The Central Bank of Belize announced on Tuesday that it has withdrawn Practice Direction Number Seven Act (PD7), following deliberate negotiations and collaboration with the domestic banks. PD7 sought to impose restrictions on certain fees and penalties by the banks. Belize Bank Limited challenged the legality of the act and in January, the High Court ....

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Financial sharks roaming the waters around Stake Bank

Financial sharks roaming the waters around Stake Bank
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Atlantic Bank Contemplates Libel Suit Against Feinstein

The ensuing drama between Atlantic Bank Limited and businessman Michael Feinstein, following a lawsuit filed against him and Stake Bank Enterprise Limited, is taking an interesting turn. As we reported on Monday, a letter to Central Bank Governor Kareem Michael, on behalf of Stake Bank, requests that the regulator investigates ABL for, “serial breaches of ....

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Stake Bank Enterprises Accuses Atlantic Bank of Unlawful Acts, Seeks Central Bank Probe

Stake Bank Enterprises Limited (SEBL) is making allegations against Atlantic Bank Limited and has now asked the Central ....

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B.C.C.I. Agrees that B.S.I. Commission of Inquiry Would be Invasive

Last Friday, you heard from attorney for the American Sugar Refinery/Belize Sugar Industries Limited, Senior Counsel Godfrey Smith, who explained a court ruling that came against the government. It was the case of the Belize Sugar Industries Limited and the Corozal Sugar Cane Producers Association against the Attorney General, the Sugar Industry Control Board, the ....

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