sorry just increased holding on basis of the article below. What this case does on its win merit IMHO is that it sets a precedent for an award of this nature which at its time in 2014 was one of the largest. US$740 million. And the interesting point is that this case took 5 years. Look at the breakdown of the award and its complexity and realise why we are coming up to a similar time line. IMHO the biggest note of interest in this case is that the winning representatives that took 5 years to win a settlement (White and Case) happen to be the representatives of the Uzbekistan Govt in Arbitration with oxus. White and case have successfully represented the Uzbekistan before and had arbitration cases terminated early...............but not this one. Those that have a serious interest will hopefully find this of interest if not read before. All points to a win IMHO but would expect a treeshake at sometime unless shares suspended prior to imminent announcement whenever it is. Please DYOR Goodluck http://www.goldreserveinc.com/documents/Gold%20Reserve%20Award%20Executive%20Summary.pdf
Treaty cases have long been a staple for Calunius Capital, launched in 2007 by former Freshfields Bruckhaus Deringer lawyer Mick Smith and investment banker Mark Wells. Besides its successful involvement in one of the most politically-charged investment law claims to date, Ron Fuchs v Georgia, which included the imprisonment by Tbilisi of the Israeli businessman, Calunius is currently funding two treaty arbitrations: a $1.2bn dispute between UK miner Oxus Gold and Uzbekistan under the United Nations Commision on International Trade Law (UNCITRAL) rules, and Canadian gold explorer Rusoro's expropriation claim against Venezuela, which is being heard at the International Centre for Settlement of Investment Disputes (ICSID).
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.