Eco Oro Minerals Corp GYSLF

ICSID Update - Proceeding Declared Closed

[abcguysh]

Update on ICSID proceeding site today (https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/16/41):

April 29, 2024

The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).


Presumably this means they will be moving on to making a decision ... presumably!

[GoldenOrb]

Many thanks abcguysh, its been a LONG & stressfu ordeal! We'll hopefully sooner see a final award!  

[sailor8]

Quote from the ICSID Rules: "Rule 38: Witnesses and Experts (1) A party intending to rely on evidence given by a witness shall file a written statement by that witness. The statement shall identify the witness, contain the evidence of the witness, and be signed and dated. Source: https://icsid.worldbank.org/rules-regulations/convention/arbitration-rules/chapter-v-evidence

[sailor8]

Possible timeline from now, Quote from the ICSID Rules again: Chapter IX: The Award   Rule 58: Timing of the Award (1) The Tribunal shall render the Award as soon as possible, and in any event no later than: (a) 60 days after the later of the Tribunal constitution or the last

[MacBook]

To all here $675M seems like a steal We could have had a clean world class mine up and running selling into $2.5K gold by now. Even more, the people of region would have gainfully benefited. Let's hope the tribunal does the right thing for EOM and the miners of Santurban.  Best of luck to all.