Re: money much sooner

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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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Paau

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Re: money much sooner

in response to

money much sooner

jimmijazz

posted on Oct 27, 2017 10:41AM

It could happen quicker - my timeline assumes a VZ default. I think it is clear VZ will not pay willingly (as they have done so far with GRZ). Achieving enforcement is a very long process and I'm not aware of any one succeeding to enforce an ICSID award, certainly not of this scale.

It seems likely VZ will default in 2018 (apparently it might happen in the next 48 hours).

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