A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Gold Reserve receives first payment from Venezuela
Gold Reserve Inc. reported it has entered an amendment to the settlement agreement with the Bolivarian Republic of Venezuela. Under the terms of the amended settlement agreement, Venezuela will pay Gold Reserve a total of $1032 billion as result of negotiations of the parties to sat- isfy the arbitral award granted in favor of the company by the International Centre for Settlement Investment Disputes, including the price agreed for the mining data related to the Brisas property. Venezuela has paid Gold Reserve an initial installment of $40 million and will pay the balance of the amount owed in installments over the next two years. Venezuela's obligations will be partially collateralized with Venezuelan sovereign debt.
Gold Reserve receives first payment from Venezuela
Gold Reserve Inc. reported it has entered an amendment to the settlement agreement with the Bolivarian Republic of Venezuela. Under the terms of the amended settlement agreement, Venezuela will pay Gold Reserve a total of $1032 billion as result of negotiations of the parties to sat- isfy the arbitral award granted in favor of the company by the International Centre for Settlement Investment Disputes, including the price agreed for the mining data related to the Brisas property. Venezuela has paid Gold Reserve an initial installment of $40 million and will pay the balance of the amount owed in installments over the next two years. Venezuela's obligations will be partially collateralized with Venezuelan sovereign debt.
Gold Reserve receives first payment from Venezuela
2017
Article (Journal)
English
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