Eco Oro Prevails on Liability in Claim Against Colombia - NewsBreak

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By Flemming in Business
Updated 3 years ago

Eco Oro Minerals Corp. [CSE-EOM] welcomes the Decision on Jurisdiction, Liability and Directions on Quantum issued on September 9, 2021 by the arbitral tribunal constituted under the auspices of the World Bank's International Centre for Settlement of Investment Disputes in relation to its claims against the Republic of Colombia pursuant to the investment protection chapter of the Free Trade Agreement between Canada and Colombia. The Tribunal found that Colombia breached Article 805 of the Treaty in its treatment of Eco Oro's investment in the Angostura gold and silver mining project located in northeastern Colombia , which Eco Oro was pursuing in connection with Concession Contract 3452.

eco-oro-prevails-on-liability-in-claim-against-colombia-newsbreak