gold reserve in Venezuela

Expert Witness: Gold Reserve Inc. v. Bolivarian Republic of Venezuela

Location

Venezuela

RPA, now part of SLR, provided technical assistance as Expert Witness for Gold Reserve’s counsel in an international arbitration case under the International Centre for Settlement of Investment Disputes (ICSID), Washington, D.C.

Gold Reserve’s investment included mining rights, held indirectly by Gold Reserve in Venezuela, under the mining concessions known as the “Brisas Concession” and the “Unicornio Concession” for the extraction of gold, copper, and molybdenum.

Claims arose out of the Respondent’s alleged deprivation of Gold Reserve’s rights in the gold and copper project in Venezuela, following the issuance of an administrative ruling by the Venezuelan Ministry of the Environment declaring the nullity of certain construction permits and the subsequent termination of Gold Reserve’s mining concessions.

gold reserve in Venezuela