By Belize Live News Staff: The Feinstein Group has announced its decision to appeal the High Court’s ruling that upholds the Government of Belize’s compulsory acquisition of 23.4 acres of Stake Bank land owned by its Chairman, Michael Feinstein.
In a strongly worded statement, the Feinstein Group expressed disappointment with the ruling, stating that it sees the decision as a temporary setback and remains confident in its appeal. The company insists that the land acquisition is unconstitutional and does not serve a genuine public interest.
Feinstein Group representatives argue that their 20-year investment in Stake Bank is now under threat, and they are determined to fight against what they call an unjust seizure of private property. The company claims that Atlantic Bank Limited and Honduran bankers are backing the government’s move, making it a challenging legal battle.
Following a review of the judgment, the Feinstein Group’s legal team remains convinced that the acquisition is unlawful and has instructed attorneys to file an appeal to the Court of Appeal.
The company emphasized that this case is not just about one business but about defending property rights and Belize’s legal investment framework. The group argues that allowing the acquisition to stand sets a dangerous precedent for future land seizures and could damage investor confidence in Belize.
“The Feinstein Group will use all resources at its disposal to defend itself and expose any wrongdoing by the government,” the statement concluded.
The case is expected to move to the Court of Appeal in the coming months.
