The Caribbean Court of Justice quashed the lower Belizean courts’ decisions refusing to enforce an LCIA award. The underlying dispute concerned a debt arisen out of promissory note issued by a former Belize’s government to a bank. Following investigations, the validity (its conformity with Belize’s Finance Audit and Reform Act) of this note was confirmed by the Judicial Committee of the Privy Council in London.
Nevertheless, the enforcement of the award was denied on the ground that, even if the note were valid, enforcement would violate Belize’s constitution by authorising public money to be paid out without parliamentary approval.