TSXV:HRE.H - Post by User
Comment by
jonathanRdeCon Apr 03, 2015 9:12pm
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Post# 23596131
RE:RE:Court Case
RE:RE:Court Casefrom what I understand : The MCCI award is final and binding. The current trial in russia is in the russian local courts. The Kygyz are trying to invalidate the judgement in Russia based on the CIS verdict. If the award should be overturned, it would be in Russia. So then, stan could not enforce the award in Russia and only in Russia. The disclosure that stan made is that IF the award is overturned in a local russian court, the KYRGs government could bring that evidence in the canadian court that the MCCI verdict was without merit. The canadian court could take the russian LOCAL verdict into consideration or they could dismiss it. Remember this, the russian verdict is only a local verdict.