English Court Refuses To Vacate Decision Allowing Gold Reserve To Enforce Award

(February 18, 2016, 4:45 PM EST) -- LONDON — After finding that the Bolivarian Republic of Venezuela waived its right to rely on state immunity, an English court on Feb. 2 dismissed its application to set aside an order granting a Canadian mining company leave to enforce an international arbitration award (Gold Reserve Inc. v. The Bolivarian Republic of Venezuela, No. [2016] EWHC 153 [Comm], England and Wales High, Comm.).

(Judgment available. Document #05-160223-010X.)

Venezuela filed an application with the England and Wales High Court, Commercial Court, to set aside an order made...
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