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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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Message: vmc mining???

vmc mining???

posted on Jun 05, 2008 02:57AM
It cuts Federal admits immunity of the country in case of miners

In a new judicial decision of international character in favor of Venezuela, the Federal Court of New York rejected in first instance a demand begun by the mercantile societies Company of the Low Caroní (Caromín) and the V.M.C. Mining Company a.c., with which the payment of more was tried of the nation than 200 million dollars by the supposed anticipated rescission of mining concessions located in the state Bolivar.

The defense of the General Office of the judge advocate general of the Republic was based on which the Federal Court of New York does not have attributions to judge a sovereign State, since all the states, under the laws of many countries including the Americans, have right to the immunity of judgment in the legal instances of other nations, unless they make an express resignation to that sovereign immunity.

Into this form, it informed the organism solicitor through press note, is legally deslegitimada the main argumentation of the companies plaintiffs, who alleged the competition of the judicial authorities of New York in the cause, being based on an assumption document in which the Republic resigned to its immunity and it was put under the jurisdiction of the United States, whose falsified nature managed to prove the carried out defense by the Office of the judge advocate general.

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