Belize International Services Limited V the Attorney General Of
IN THE SUPREME COURT OF BELIZE, A. D. 2013 CLAIM NO. 698 OF 2013 BETWEEN: (BELIZE INTERNATIONAL SERVICES LIMITED CLAIMANT ( (AND ( (THE ATTORNEY GENERAL OF BELIZE DEFENDANT ----- BEFORE THE HONOURABLE MADAM JUSTICE MICHELLE ARANA Mr. Eamon Courtenay, SC, along with Pricilla Banner and Ms. Angeline Welsh of Courtenay Coye LLP for the Claimant Mr. Denys Barrow, SC, along with Jaraad Ysaguirre of Barrow and Co for the Defendant Hearing Dates: 9th December, 2015 10th December, 2015 16th February, 2016 28th October, 2016 ----- The Facts 1. This is a claim for $45 million US in damages brought by Belize International Services Ltd. (hereinafter “BISL”) against the Government of Belize for breach of contract. The Claimant as stated in the Statement of Claim dated March 26th, 2015 was and is at all material times a company duly registered and existing under the Laws of the British Virgin Islands with its registered office situate at Craigmuir Chambers P.O. Box 71, Road Town, Tortola, British Virgin Islands. The Defendant is the legal representative of the Government of Belize (“the Government”). By virtue of a written Management Services Agreement (“the Agreement”) - 1 - dated 11th June, 1993, the Claimant agreed with the Government to develop and manage the International Business Companies Registry (“the IBCR”) and the International Merchant Marine Registry of Belize (“the IMMARBE”) (together “the Registries”) for a period of ten years with an option to renew the term. 2. On the 9th May, 2003 the Agreement was renewed for a further term of ten years when the Claimant exercised the option contained in Clause 15 of the said Agreement.
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