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News: OGC Oceanagold says ICSID finds dispute in favour of Government of El Salvador

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    17/10/16
    07:04
    Post #: 19897409

    Oct 17 (Reuters) - Oceanagold Corp (OGC) :

    • Oceanagold Corporation (NS) - ICSID tribunal finds in favour of Government of El Salvador
    • Advised that arbitration tribunal constituted by world bank for settlement of investment disputes found in favour of Government of El Salvador
    • Whilst disappointed, will review icsid's ruling in detail before evaluating the next steps related to its el salvador business unit
    • ICSID granted an award of US$8 million to the Government of El Salvador to cover its legal fees and costs
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