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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: Observations on contract disputes

Observations on contract disputes

posted on Feb 06, 2008 05:29PM

Clause 19 refers to disputes between CVG and Crystallex. CVG is the concession holder. Crystallex is the operator. No big surprise that disputes between them would be handled in the VZ court system. If, however, a major problem arises for Crystallex (and CVG) as a result of an action by HUGO, or MIBAM, or the enviro minister, or whatever, then that is a whole other kettle of fish.  In that case. should Crystallex suffer damage resulting from an arbitrary, unjustified action on the part of a branch of the VZ government, then they would almost certainly have recourse under international law.

IMO

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Feb 07, 2008 05:59AM
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Feb 07, 2008 06:30AM
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Feb 07, 2008 07:11AM
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