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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.


CSE:EOM - Post by User

Bullboard Posts
Post by oldtimer42on Jul 11, 2018 3:45pm
73 Views
Post# 28302076

Lots of Arbitrations in Colombia

Lots of Arbitrations in ColombiaHere is a list of arbitrations, not all mining companies. Getting these monkeys off Duque's back will be a priority.

Colombia Arbitrations

Colombia is a party to the following bilateral investment treaties and free trade agreements that call for the arbitration of investor-state disputes: effective bilateral investment treaties with Peru, Spain, Switzerland, United Kingdom, China, Japan and India; and effective free trade agreements that include investment protection chapters with Chile, Canada, El Salvador, Guatemala, Honduras, Iceland, Liechtenstein, Mexico, Norway, Switzerland, the United States and the European Union.

As of 2016, foreign investors have filed requests for arbitration under the rules of the International Centre for Investment Disputes and UNCITRAL, seeking relief due to Colombia's alleged violation of its investment-related obligations in the relevant international investment agreements. The requests for arbitration that have been made public were served by mining companies Glencore, EcoOro Mineras Corp, and Tobie Mining and Cosigo Resources Ltd, and the telecommunications company Claro - America Mvil. These requests involve issues related to expropriation and to the breach of fair and equitable treatment due to the legal uncertainty generated by the state's actions.

Recently, Gran Colombia Gold and Gas Natural Fenosa have also initiated arbitration proceedings against Colombia.

The Presidency issued Presidential Directive 02 of 2016, according to which state entities must pay full attention to any controversy related to foreign investments and immediately inform these to the Ministry of Commerce, Industry and Tourism through the Foreign Investment and Services Direction. In addition, the Directive requires all public servants to avoid making any commitment or judgement to the press and media, as well as in any meeting with an investor, with respect to any actual or imminent investment controversy.

Bullboard Posts