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Article: Belize: Newco Judgement Will Cost Belize $8 million.
- Article from:
- TendersInfo
- Article date:
- June 27, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: prashant03
Last night we told you about the international arbitration judgement against the government of Belize for US$2.6 million. The judgement is the result of a dispute between the Government of Belize and a company called Newco. In 2002, Government signed a 30 year concession agreement with this company for the privatization of the Phillip Goldson International Airport. A part of that agreement consented to international arbitration if a dispute arises.
Well in 2005, the dispute did arise, after the then Musa administration unilaterally cancelled the concession agreement and awarded it to a local group with some well connected friends of the government. ...
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Article: BELIZE HOLDINGS REPORTS RECORD RESULTS FOR FISCAL YEAR ...
PR Newswire;
June 17, 1993 ;
700+ words
...NEW YORK, June 17 /PRNewswire/ -- Belize Holdings Inc. (NASDAQ: BZHKF) a holding ... banking and financial service operations in Belize, as well as investments in telecommunications ... focused on banking and financial services in Belize primarily through the operations of The ...
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