Loading ...U.S. court upholds award to miner Crystallex in Venezuela dispute
CARACAS, March 27 (Reuters) – A U.S. court has upheld an award by a World Bank Tribunal that orders Venezuela to pay more than $1 billion to Canadian mining company Crystallex, paving the way for the firm to seize assets for the 2008 expropriation of the Las Cristinas gold project.
The tribunal known as the International Centre for Settlement of Investment Disputes (ICSID) last year ordered Venezuela to pay Crystallex $1.2 billion plus accrued interest, which adds an additional $200 million for a total of $1.4 billion.
http://finance.yahoo.com/news/u-court-upholds-award-miner-140731738.html