Pre & post award interest?

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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

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plezenlighten

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Pre & post award interest?

posted on Apr 14, 2016 07:50PM

As a result of these breaches, the Tribunal has ordered Venezuela to pay damages currently amounting to US$1.386 billion, based on a value for Crystallex’s investment in the Las Cristinas mine of US$1.202 billion on 13 April 2008 – the date when an environmental permit was denied by Venezuela – together with pre- and post-award interest from that date.