Pacific Wildcat applies to annul Oct. 22 arbitral award
2019-02-28 11:43 ET - News Release
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Mr. Don O'Sullivan reports
PACIFIC WILDCAT ANNOUNCES FILING OF APPLICATION FOR ANNULMENT OF ARBITRAL AWARD
Pacific Wildcat Resources Corp. has advised that its subsidiaries Cortec Mining Kenya Ltd., Cortec Pty. Ltd. and Stirling Capital Ltd. have applied to annul the arbitral award rendered on Oct. 22, 2018, in which the claimants' claims against the Republic of Kenya were dismissed for lack of jurisdiction.
The application for annulment was filed at the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC, on Feb. 15, 2019. As part of the application, the claimants requested that ICSID provisionally stay the enforcement of the award. The annulment proceedings are being supported by a litigation funder.
Further updates will be provided as the proceedings progress.
A copy of the application can be found on the company's website and filed on SEDAR.
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