Carlton Fields (JD Supra Venezuela)
-
D.C. Circuit Court Affirms $1.2 Billion Arbitration Award to Gold-Mining Company
Crystallex International Corporation (“Crystallex”) is a Canadian gold-mining company. Crystallex acquired the rights to explore gold deposits in Venezuela through a contract.
-
District Court Confirms Arbitral Award Against Venezuela In Dispute Over Gold Deposits Contract
A federal district court in Washington, D.C. recently confirmed a $1.2 billion arbitral award in favor of Crystallex International Corp. against Venezuela after the country’s Ministry of Environment denied a necessary permit to allow Crystallex to develop gold deposits in the country.
Request a trial to view additional results