Loading ...The US Bankruptcy Court has ruled the Kyrgyz government is in contempt of court for continuing its legal actions locally against Canada’s Centerra Gold (TSX: CG; NYSE: CCAU) subsidiary, Kumtor Gold Company (KGC).
The Kyrgyz government has revived a slew of previously settled alleged tax and environmental complaints at the Kumtor gold mine before the seizure of the mine, the country’s largest industrial concern, in mid-May.
US Bankruptcy Court judge Lisa Beckerman
In the order handed down late on July 20, judge Lisa Beckerman held that the Kyrgyz Republic was in contempt of court for violating US bankruptcy rules when it took legal action against KGC in the Kyrgyz Republic earlier this month.
US bankruptcy court holds Kyrgyz gov’t in contempt over Kumtor seizure