Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Re: I'll bet he will be inclined to start settlement talks. (dlbehrns)
6
Jun 29, 2011 07:07PM
6
Jun 29, 2011 08:20PM

IMO unlikely that settlement talks would occur this soon unless forced by some third party.

Hopefully, any settlement would involve cash and have nothing that would in any way involve us in Venezuela in any manner -- the departure of Faust tells me that we won't get involved at all.

In the event of settlement once the arbitration panel is constituted, a settlement can be entered as an award that immediately enforceable. See, ICSID Additional Facility Sch. C Art. 49(2). That means we can all get our Citgo stations right away if Venezuela defaulted on the settlement agreement.

Share
New Message
Please login to post a reply