Press Release – New York, NY – October 15, 2018 – Sichenzia Ross Ference LLP announced today that it acted as general counsel for Rusoro Mining Limited (TSX-V: “RML”) in its $1.28 billion settlement with Venezuela after the government’s 2011 expropriation of Rusoro’s gold mining properties in the country.
The Firm advised Rusoro on strategy throughout the arbitration and coordinated between the company’s various representatives during the arbitration and enforcement. Sichenzia Ross is also arranging the payment of the settlement, which will be disbursed over a period of five years. Venezuela’s first $100 million payment to Rusoro is to be made by November 15, 2018.
The Sichenzia Ross Ference LLP team was led by Partner Jay Kaplowitz and Associate Huan Lou.
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