DynaResource Inc. hasn't honored some of its obligations to a Goldgroup Mining unit involving board appointments related to an arbitration award in a mining contract dispute, a Colorado federal judge said Thursday, ordering the parties to remedy the issue.
DynaResource Accused Of Flouting Gold Mine Court Order law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
The U.S. Court of Appeals for the Tenth Circuit recently held for the first time that parties opposing confirmation of nondomestic arbitral awards (i.e., awards issued in disputes.
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VANCOUVER, British Columbia, April 20, 2021 (GLOBE NEWSWIRE) Goldgroup Mining Inc. ( Goldgroup or the Company ) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX)) announces that on April 16, 2021, the Tenth Circuit Court of Appeals (the Circuit Court ) affirmed the May 9, 2019 order and judgment from United States District Court for the District of Colorado, which confirmed the arbitration award (the Arbitral Award ) the Company received on August 14, 2016 pursuant to an arbitration held in Denver, Colorado, commencing in March 2014 (the Arbitration ).
The Circuit Court rejected the appeal lodged by Texas-based DynaResource Inc. ( DynaUSA ) and its Mexican subsidiary ( DynaMexico ) to vacate the Arbitral Award, which had found that DynaUSA had improperly diluted the Company s interest in the San Jose de Gracia Mexican mining project, which Goldgroup had earned into pursuant to an option agreement between the Company and DynaUSA (the Agreement ).