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0.8¢ cassius mining limited

Ann: Ghana International Arbitration Update, page-27

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raiderup

27,097 Posts.

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29/02/24

22:32

Post #: 72682458
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Originally posted by dude342: ↑

I just lost my lengthy post, but in short the issues here now is it is arbitration by a Ghanan Company against the Ghanan Government, in Ghana. It is no longer international arbitration (which seems reasonable to me from a legal standpoint).

The New York Convention may not apply anymore as a purely domestic case, which means that any award will need to be enforced in Ghana. If that is the case then there is three-fifths of f* all chance of extracting any money. If they win and it could be registered in another jurisdiction then they had half a chance. This is complicated area of law but that doesn't look possible now. Everything has to stay within the 4 walls of Ghana as every part of it is Ghana.

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https://newyorkconvention1958.org/index.php?lvl=cmspage&pageid=10&menu=621&opac_view=-1#:~:text=Article%20V%20(1)(a)%20provides%20in%20its%20first,%5B...%5D%E2%80%9D.https://newyorkconvention1958.org/?opac_view=-1

Raider

CMD Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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