InvestorsHub Logo
Followers 93
Posts 8868
Boards Moderated 0
Alias Born 05/06/2014

Re: PJC1 post# 45600

Saturday, 07/11/2020 2:43:28 PM

Saturday, July 11, 2020 2:43:28 PM

Post# of 50023
Check back next year. IF there is an Award, it must go through Brazil as the Rontan shareholders are citizens of Brazil. Brazil has a Recognition process for Foreign Judgements. It can take three months to a year in normal conditions. With the CV-19 impact on Brazil's courts, their normal backlogs will be very extended.

Let's see whether the Judge allows the case to move to trial first.

BTW, what BSF thinks they're due in damages may not be what the Judge thinks they're due. After all the Discovery, the Judge is fully aware that GDSI never had the funds to complete the transaction. He knows GDSI was not harmed. The SPA was signed in 2015. Delgado got "woke" three years later and decided to pursue this crazy case.