Earthquake and jewish holidaysWhy so long? Can Global Gold, Mr. Van Krikorian stall the arbitration is my question, if they can they will. From a few NR's copy/pasted here.
"I personally believe that Mr. Van Krikorian is suffering from seller'sremorse. He wanted out of the deal and as early September 1, 2010, in hisapparent scheme to take this project back, he has pushed every button and pulledevery lever he could possible.
"Caldera has made it clear that it wishes to honour the joint ventureagreement and with the successful results we have developed so far on theproject, we are ready to make a buyout arrangement of GBGD's 45% interest andremove them as our joint venture partner.
"My confidence in our success in this Arbitration is unwavering."
Caldera Announces First Round of ArbitrationCompleted
Montreal, Canada and Yerevan, Armenia, Monday September 12, 2011 - BillMavridis the President of Caldera Resources Inc. ("Caldera") and Marjan-CalderaMining, LLC, reports that the first two scheduled dates of the arbitrationhearing against Global Gold Corporation ("GBGD") have concluded.
The next round of the arbitration will commence on September 15, 2011, andwill include the dates of September 19, 20 and 21, with additional dates ifrequired. The original scheduled dates of September 12 and 14 were changed toaccommodate scheduling conflicts, which arose.
"I am very pleased with the progress of the Arbitration hearing so far," saidMavridis. "I believe that in the next round of arbitration hearing dates enoughevidence will be presented to settle the main issue of this dispute."
In between an Earthquake and jewish holidays of the Judge and a couterparty without any hurry
Update on Arbitration
Mr. Bill Mavridis, President of CalderaResources Inc. ("Caldera"), is pleased to provide an update on the Arbitrationprocess instituted against Global Gold Corporation ("GBGD") and Mr. VanKrikorian its CEO, Chairman, Director and General Counsel. Additional hearingdates have been set for October 25, 26, 27 and October 31, November 1, 2 and 3
from the internet
All arbitration results are binding arbitration awards unless the parties agree to advisory arbitration. If the agreement says "arbitration" without any modifier, the arbitration decision is binding. The parties to an arbitration agreement can, however, mutually agree to withdraw the case from arbitration at any time before an award is issued by the arbitrator. If they withdraw the case, the arbitrator loses her authority to decide it.
Unlike the regular court system, binding arbitration does not provide for an appeal. Rather, the arbitrator simply hears the evidence and grants an award with an explanation, the arbitration decision. If the result of a binding arbitration is inaccurate and both parties are willing to acknowledge the inaccuracy, then the arbitration will no longer be binding. If only one party feels the decision is inaccurate, the arbitration decision will most likely still stand unless the opposing party takes further legal action.
If you personally disagreed with the arbitration decision, but your attorney is advising you that it was in all likelihood correct, then you should simply honor the award. If your attorney is advising you that the award was granted inaccurately, then you may wish to consider taking your case to the regular court system. Contrary to popular belief, cases that are decided in binding arbitration can still be filed in the court system. However, you will be sued by the opposing party for breach of contract since you will have previously signed a contract waiving your rights to a trial.
Arbitration is less expensive than a trial and is completely private. Unless you actually decide to then file a lawsuit, the public will never be made aware that you were disputing with the opposing party. In addition, arbitrations are typically heard by retired judges, so you will be getting an equivalent result to a trial, simply without all the extra time and expenses