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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: Re: Congratulations Vet
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Feb 28, 2011 03:02PM
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Feb 28, 2011 03:48PM
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Feb 28, 2011 03:53PM
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Feb 28, 2011 04:00PM
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Feb 28, 2011 04:30PM
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Feb 28, 2011 05:48PM

Here is the actual quote:

Crystallex seeks the restitution by Venezuela of Crystallex's investments, including the MOC, and the issuance of the Permit and compensation for interim losses suffered, or, alternatively full compensation for the value of its investment in an amount in excess of US$3.8 billion.

Please note the words in bold "or, alternatively".

Those are the crux of my argument. If the Venezuelan lawyers say "OK' we will work on giving you your first demand, then the second demand "full compensation for the value of its investment in an amount in excess of US$3.8 billion. " will stay in limbo.

So the initial negotiations would be limited to the restitution of interim losses suffered and the return of the MOC. These could be dragged out for months or even years and only when they broke down would the alternative demand be brought into play.

My point, and I stand by it, is that by making a two demands which are mutually exclusive the door has been opened for further delay in effecting an arbitration decision. Please think about it.....

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Feb 28, 2011 06:54PM
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Mar 01, 2011 10:24AM
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Mar 01, 2011 10:27AM
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