The Court of Appeal has reserved judgment in the case against Great Belize Productions, formerly a subsidiary of Belize Telemedia Limited. On August twenty-third, 2009, the day before B.T.L. was nationalized, the board of directors of the company divested Great Belize Productions from its assets. According to attorney Michael Young, the divestiture followed an investment of ten million dollars which was reportedly used to cover Channel Five’s expenses. The matter has since been ventilated in the Supreme Court where a new B.TL. board of directors successfully sued its predecessors following the takeover. That decision is presently being appealed, despite arguments from Senior Counsel Eamon Courtenay that the previous board was indemnified of monies spent, as well as personal liability for its decisions. This afternoon, Senior Counsel Michael Young presented B.T.L.’s position in the suit. MORE
