Legal battle over Stake Bank shares set for trial in March 2026

While construction at the Stake Bank tourism development project, located roughly 2 miles off the coast of Belize City, appears virtually stalled, big moves around the venture continue to unfold in court. The developer behind the ambitious cruise port project was Belizean businessman Michael Feinstein, but relations soured between him and his financiers, including Atlantic Bank Limited (ABL) which accused Feinstein’s Stake Bank Enterprises Limited (SBEL) of defaulting on its loan. The fallout triggered a series of legal and financial disputes that threatened the future of the project.