Re: Exxon Wins $749M for Nationalized Venezuela / Paying only $255-million
posted on
Jan 04, 2012 06:20AM
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
lk, it seems that when someone posts a theory or fact that does'nt paint a rosy picture then that post is "silly" or apples and oranges"... we've all been down this road before and personanally i dont see a reason to continue it. nothing we post here is going to change kry's f'd up situation... if you dont like an opinion or article then ignore it or refute it.
personally it wont suprise me if the bondholders get everything very quickly and settle with venezuela....making all of this mute... but assuming kry pulls one off it's good to have a realistic view of what might happen.
with regard to my "apples and oranges" 5 year speculation on kry's icsid case (and if this 2013 hearing will be "the final hearing". here's exxon/mobil case history (exxon is arguably the most powerful company in the world) and thier case is now over 4 years old. assuming kry's case continues in icsid what would make it happen faster than all the rest?..most icsid cases involving venezuela seem to have a similar summary.
note: first hearing 09'...
October 10, 2007
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The Secretary-General registers a request for the institution of arbitration proceedings.
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August 08, 2008
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The Tribunal is constituted. Its members are: Gilbert Guillaume (French), President; Ahmed Sadek El-Kosheri (Egyptian); and Gabrielle Kaufmann-Kohler (Swiss).
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November 03, 2008
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The Tribunal issues a procedural order concerning questions of procedure pursuant to ICSID Arbitration Rule 20.
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November 07, 2008
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The Tribunal holds a first session in Paris.
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January 15, 2009
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The Respondent files a memorial on jurisdiction.
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April 16, 2009
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The Claimants file a counter-memorial on jurisdiction.
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June 15, 2009
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The Respondent files a reply on jurisdiction.
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August 17, 2009
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The Claimants file a rejoinder on jurisdiction.
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September 09, 2009
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The Tribunal holds a pre-hearing conference with the parties by telephone.
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September 23, 2009 - September 24, 2009
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The Tribunal holds a hearing on jurisdiction in Paris.
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June 10, 2010
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The Tribunal issues a decision on jurisdiction.
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December 15, 2010
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The Claimants file a memorial on the merits.
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February 09, 2011
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The Respondent files a request for production of documents.
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February 23, 2011
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The Claimants file observations on the Respondent’s request for production of documents.
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February 25, 2011
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The Respondent files a renewed request for production of documents.
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March 14, 2011
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The Claimants file observations on the Respondent’s renewed request for production of documents.
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March 15, 2011
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The Respondent files a response to the Claimants’ observations of March 14, 2011.
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March 24, 2011
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The Tribunal issues a decision on production of documents.
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September 15, 2011
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The Claimants file a reply on the merits.
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December 15, 2011
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The Respondent files a rejoinder on the merits.
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