Paris Court Schedules Hearing On Application To Annul $765 Million Award

Mealey's (January 22, 2016, 2:16 PM EST) -- SPOKANE, Wash. — A gold mining corporation on Jan. 21 announced that a Paris court has scheduled a hearing on an application filed by the Republic of Venezuela to annul a $765 million award, including accrued post award interest, and reported that a District of Columbia federal court has issued an order, finding that a “reasonable period of time” has passed since the award was confirmed last year.

Award

The International Centre for Settlement of Investment Disputes (ICSID) issued an award for Gold Reserve and against...
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