Judge Confirms $18M LCIA Award Issued Against Belize

(June 9, 2016, 2:49 PM EDT) -- WASHINGTON, D.C. — After finding no basis under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards to not confirm a $18,470,881.37 London arbitration award that was issued in favor of a Belizean bank in relation to various loan agreements, a District of Columbia federal judge on June 8 denied a motion filed by the government of Belize to dismiss the bank's petition to confirm the award (Belize Bank Limited v. Government of Belize, No. 14-cv-659, D. D.C.; 2016 U.S. Dist. LEXIS 74535)....
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