Legal Battle Over Stake Bank Shares Set for Trial in March 2026

A significant legal dispute concerning the Stake Bank tourism development project is scheduled for trial in March 2026. The case involves Belizean businessman Michael Feinstein and the Honduran company Operaciones Portuarias S.A. de CV (OPSA). The conflict centers on shares issued to OPSA in Stake Bank Enterprises Limited (SBEL), following OPSA's acquisition of SBEL's US$62 million debt. Feinstein is seeking to set aside an arbitration award from late 2024, arguing its unlawfulness. The trial is set to commence in March 2026.