Taken from the MOC

Welcome to the Crystallex HUB on AGORACOM

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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zwilzric

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Taken from the MOC

posted on Nov 06, 2008 04:02PM

CLAUSE NINETEENTH

SOLUTION OF CONFLICTS

The doubts and controversies of any nature that could arise from the execution of this Contract and that may not be resolved in an amicable manner by the Parties, shall be decided by the competent tribunals of the Bolivarian Republic of Venezuela, in accordance to its laws, and they may not give origin to reclamations before foreign tribunals.

I am not sure that seizing LC qualifies as a doubt or controversy arising from the execution of the contract. I am not a lawyer, but it seems to me that the current situation goes way beyond this.

We need to know exactly what remedies, if any, the Bi-lateral trade agreement specifies and whether or not it applies to us given the above contract clause.