Re: Just spoke with RM.....nothing earth shattering
in response to
by
posted on
Nov 25, 2008 04:27AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Recently I had exchanged PMs with no_bear who is a lawyer and has experience in international arbitration.
He told me that under the terms of the Bilateral Treaty we could notify VZ that we believe there has been a breach because they didn't deliver the permit in a timely fashion.
VZ would then be given 6 months to give us the permit or they must submit to arbitration.
According to no_bear the arbitration process could take many years. If we win, the reward would be substantial.