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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: A little nugget (what kind on nugget) shines in the heart of oil town
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Morgan is blowing smoke:

The Arbitration Panel cannot award return of the property.

In the case of expropriation, the panel can only award money damages. Art. VII.

In the case of other damage awards, where a tribunal orders restitution, the award "shall provide that the disputing Contracting Party may pay monetary damages and any applicable interest in lieu of restitution." Art. XII 9b

So the tribaunal cannot force Venezuela to return the property, period.

The bilateral treaty (posted in the link library) is explicit on this point.



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