Tuesday, April 11, 2017 6:22:07 PM
Yes they have Col gov in a tight spot. Maybe it will get negotiated, but Gran is in the right, they paid for millions of oz of gold reserves. The clauses seem to be for just such a situation.
Even if they get just $100 million, that ends their problems and stock will soar.
Clauses in agreement: In our favor
Article 806: Compensation for Losses
1. Notwithstanding subparagraph 3(b) of Article 809, each Party shall accord to investors of the other Party, and to covered investments, non-discriminatory treatment with respect to measures it adopts or maintains relating to losses suffered by investments in its territory owing to armed conflict or civil strife.
Article 2101: Cooperation
1. The Parties shall at all times endeavour to agree on the interpretation and application of this Agreement, and shall make every attempt through cooperation and consultations to arrive at a mutually satisfactory resolution of any matter that might affect its operation.
Because of the agreement between Canada and Colombia, Gran Colombia is on strong footing, the colombian gov does not make the decision.
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