Stans Energy Corp V.HRE.H

David's Comments

[HLYTrading]

Great Find and Post....David has yet to make such a defined comment about this process, which leads me to believe that the govn't is indeed trying the tactic of delaying stans. I really hope they reach an agreement on Kutessay, worth sooo much more than 118mil. But again, thank you David, for the most reassuring comments to date. 


“at the end of the day, it’s a win-win situation for the company. We’ll either get the license back and full government support, or we’ll start the process to collect $118 million.”

Admittedly, that’s “not a simple process.” However, said Vinokurov, Stans “knows there are precedents that exist where other companies were able to get paid on their international arbitration ruling against the Kyrgyz government.” And, he added, “the decision from Moscow Arbitration Court is binding. It can’t be appealed.”

this also popped up 
 

First Vice Prime Minister of Kyrgyzstan Tayirbek Sarpashev held talks with representatives of Stans Energy Corp. and LLC "Kutisay Mining". This was reported in the department of information support of the government apparatus. 

Arbitration of the Moscow Chamber of Commerce June 30, 2014 acknowledged their competence in the lawsuit companies Stans Energy Corp. and Kutisay Mining LLC and sought to Kyrgyzstan in favor of the companies 117, 738 U.S. $ 94 million plus 467, 117 thousand dollars arbitrazhnyhe fees and court costs of the plaintiffs.

Kyrgyzstan intends to challenge the decision of the court.
https://rus.azattyk.org/archive/ky_News_in_Russian_ru/20140707/4795/4795.html?id=25447798

obviously would have been nice to know what they talked about...but things are at least moving now, and fast it seems.