1.1 This Notice of Arbitration (the Notice) is served by the Claimant, British Caribbean Bank Limited (BCB or the Claimant), on the Respondent, the Government of Belize (the Government or the Respondent), pursuant to:

(a) Article 3 of the Arbitration Rules of the United Nations Commission on International Trade Law 1977 (the UNCITRAL Rules); and

(b) Article 8 of the 1982 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Belize for the Promotion and Protection of Investments (the Treaty!).

1.2 BCB demands that the dispute which is set out in this Notice be referred to arbitration in accordance with Article 3 of the UNCITRAL Rules and with Article 8 of the Treaty.

1.3 The dispute to which this Notice relates concerns the Government's disregard for the rights of BCB, a foreign investor entitled to protection under the Treaty. The dispute arises out of the Government's conduct in compulsorily acquiring BCB's rights under: