Belize government fights to keep telecoms company - Business - Jamaica Gleaner - Monday | October 1, 2012: "he Caribbean Court of Justice (CCJ) has ordered the Belize government to defer to a date not before December 14 the issue of the declaration of dividends of a telecommunication company in which it has controlling shares.
The declaration of dividends was listed on the agenda of the Belize Telemedia Limited annual general meeting scheduled for last Friday.
The CCJ, Belizes final appeal court, said it gave the order so as to preserve the status quo in relation to pending litigation before the courts, which arose from legislation enacted by the government to acquire property belonging to the appellants.
A five-member CCJ panel headed by President Sir Dennis Byron last week heard an application filed by the former owners of the company.
For fear of prejudicing the proceedings currently before the Belize Court of Appeal, the CCJ declined to adjudicate on the application filed by the appellants, Dean Boyce and British Caribbean Bank Limited, the CCJ ruled."
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