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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Comment by stockarchangelon Mar 02, 2012 10:52am
145 Views
Post# 19617331

RE: lawsuit question

RE: lawsuit question

I'm pretty certain the lawsuit must (or can) be filed in the jurisdiction in which the company is domiciled. HNDI corporate offices are still in Vancouver (though there was talk of moving to the East Coast), RBYC in NYC, thus the respective venues. Since this was an international agreement, I'm surprised it did not contain an ICC clause which would have designated arbitration or at least a neutral or pre-agreed court site in case of dispute. I've been involved in several international contracts and all of them contained ICC clauses.

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