This is from start of article: A lawyer acting for Oxus Gold, the London-based mining company, described Said Ashurov's conviction as a fabrication and said that the Uzbek government was using him as a pawn in their battle to take control of a lucrative gold field in the Central Asian country. "It's part of a general smear campaign," Robert Amsterdam, the Oxus Gold lawyer, told the Daily Telegraph before the verdict in a telephone interview. "A witness has come to us and said that he'd been threatened if he didn't give a false testimony, which is fairly standard in Uzbekistan." The Uzbek Foreign Ministry was not available for comment.
1.....Gretton are seeking to enforce an award of $10,299,572 + interest against the Republic of Uzbekistan and are presently pursuing an attachment order over a business property registered in the name of the Republic of Uzbekistan in Switzerland. A decision of the Swiss court is expected in around 4 months.
2.....The main partial annulment decision is not expected from the Paris Court of Appeals until atleast early/mid 2018.
So next news around Apr 2017 and main partial annulment decision early/mid 2018.
If OXUS are successful in obtaining a partial annulment they could obtain a significantly larger award in a further arbitration.
If OXUS fail in obtaining a partial annulment then there is no prospect of funds becoming available to shareholders then,as we all know,its the end.
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