Mongolian Copper Corporation to seek compensation through international arbitration over the Mongolian government’s alleged breach of international rules on investors’ rights.
Rusoro Mining Ltd. has announced that it has obtained a judgment against the Republic of Venezuela in the Superior Court of Justice in Ontario, Canada, of over US$1.3 billion.
The arbitrators agreed with the company that Peru had breached its obligations to the company under the Canada-Peru Free Trade Agreement when it expropriated the company’s Santa Ana silver project, in 2011.
Crystallex International Corp. and Venezuela agreed to settle a US$1.2 billion dispute over the 2011 nationalization of a gold deposit in the South American nation.
The purpose of this release is to introduce the team, and to briefly describe the two claims and the processes to be followed in prosecuting each claim.
The arrest of and investigation into former economy minister Pavol Rusko could have an international dimension for Slovakia, as EuroGas wants to make use of the situation in order to renew arbitration proceedings against Slovakia.
The key issue in the case concerned the proper interpretation of the dispute resolution provision in the 2003 Investment Law, which was the basis for jurisdiction.