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Bullboard - Stock Discussion Forum American Lithium Corp V.LI

Alternate Symbol(s):  V.LI.W | AMLI | AMRLF

American Lithium Corp. is a Canada-based exploration and development stage company. The Company is engaged in the development of lithium projects throughout the Americas. The Company’s projects include Tonopah Claystone Claims (TLC) Lithium Project, Falchani Lithium Project and Macusani Uranium Project. The TLC Lithium Project is located near the regional hub and county seat in the town of... see more

TSXV:LI - Post Discussion

American Lithium Corp > Supreme Court received Ingemmet's appeal
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Post by juanPeru on Apr 08, 2024 9:46pm

Supreme Court received Ingemmet's appeal

For those of you who are interested in following Ingemmet's appeal (Recurso de Casacion) against the recent second court judicial ruling (favorable to $LI), you can do it in the Supreme Court's web page. Type/select the required information:

Sala Suprema: SALA SUPREMA CONSTITUCIONAL Y SOCIAL PERMANENTE
Tipo Recurso: CASACION
Numero de Recurso: 07493 - 2024




After typing the captcha and pressing "Buscar", you will we able to see an scheme of the appeal process; which includes 6 phases:

File received (Ingreso a Mesa Partes). When this icon is shown in colors, it means that the file has been received by the Supreme Court. In the image bellow, the scheme shows that Ingemmet's appeal was received on April 5.

Qualification scheduled (Programacion Calificacion). This phase is completed (showed in colors) when the Supreme Court has set a date on which the supreme judges will decide whether the appeal meets the formal requirements (admisibilidad) and the substantial requirements (procedencia), in which case it should be heard.

Qualification carried out (Fecha calificacion). This phase is completed when the supreme judges have decided whether the appeal should be heard or not. If the majority of judges (that is, a minimum of 3 out of 5 judges) decide that the appeal is "inadmisible" (doesn't meet the formal requirements) or "improcedente" (doesn't meet the substantial requirements), then the appeal will be rejected and returned to the Superior Court so that it can be executed. As an example, in 2021 85% of the appeals were rejected by the Supreme Court.

Appeal heard (El Recurso est: VOTADO). This phase is completed when the appeal has been heard and the Supreme judges have issued their votes. This phase is skipped if the appeal was rejected in the previous phase.

Resolution issued (Expide Ejecutoria). Once the judges have made a decision, a Supreme Resolution is issued and notified to the parties and the original Court (the 4th Superior Court in this case).

File returned (Devolucion a Corte). The appeal has been returned to the original Court and the judicial process comes to an end.




Pressing the "Seguir Tramite" button in the upper right corner, you can see the details of the appeal in a text format:

Comment by Aktiengraf on Apr 09, 2024 1:25am
Hi Juan, thanks for the information. It sounds to me that it will take a few months from here until the hearing is over? Or will this decision be a little quicker?
Comment by juanPeru on Apr 09, 2024 1:17pm
Hi Aktiengraf, there are two separate decisions: 1. Qualification decision. Judges vote to decide if the appeal meets the formal and substantial requirements. If either of those are not met (and the omissions are not rectifiable), then the appeal is rejected, the file is returned to the original court and the sentence (favorable to $LI) become final. This process started as soon as the appeal was ...more  
Comment by francoisl13 on Apr 09, 2024 2:16pm
Muchas gracias juanPeru for the detailed answer, it is mucho appreciated!
Comment by Aktiengraf on Apr 10, 2024 1:26am
Hello Juan, thank you very much for your valuable information! With this background knowledge, we are still not free for a spinout ;-( that's annoying, I hope the judges really reject it directly... but I'm beginning to fear that there will be another hearing. I'm not sure whether the spinout could be carried out in an ongoing procedure? all amli ever says is that they are looking for ...more