Agoracom: Small Cap Investment - Crystallex International - Re: OT.Venezuela in Talks on $6B Exxon Settlement

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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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OT.Venezuela in Talks on $6B Exxon Settlement

RedRock

Sep 21, 2011 03:54PM

Re: OT.Venezuela in Talks on $6B Exxon Settlement

beandog

Sep 21, 2011 04:20PM

Re: OT.Venezuela in Talks on $6B Exxon Settlement

jimmijazz

Sep 21, 2011 04:37PM

Re: OT.Venezuela in Talks on $6B Exxon Settlement

ctw

Sep 21, 2011 04:53PM

RedRock

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Re: OT.Venezuela in Talks on $6B Exxon Settlement

in response to

Re: OT.Venezuela in Talks on $6B Exxon Settlement

beandog

posted on Sep 21, 2011 05:00PM

My take on the relevancy is this part:

"Venezuela will pay any ruling issued by the World Bank’s International Centre for Settlement of Investment Disputes that is in Exxon’s favor, Carlos Escarra, the country’s Prosecutor General, told reporters today in Caracas."

Awards (partial or in full requested amount) would be a case by case basis based on the strength of the case.

One other reminder about Exxon...they have an ICC case as well as the ICSID case.

1 Recommendations

Re: OT.Venezuela in Talks on $6B Exxon Settlement

RedRock

Sep 21, 2011 05:02PM

Re: OT.Venezuela in Talks on $6B Exxon Settlement

beandog

Sep 21, 2011 05:09PM

Re: OT.Venezuela in Talks on $6B Exxon Settlement

auntierooski

Sep 21, 2011 06:53PM